Credit Rating

UK outlook is related, but not directly linked, to Brexit: Fitch

James McCormack, managing director and global head of sovereign and supranational ratings at ‎Fitch Ratings, speaks about economic issues in the U.K. …

Fitch Ratings

S&P cuts Altice's long-term credit rating by one notch to 'B' | Reuters

PARIS (Reuters) - S&P cut Altice’s long-term credit rating by one notch to “B” on Thursday, saying the cable and telecommunications group needed to generate more cash to pay up its gigantic debt.<p>Altice, controlled by Franco-Israeli tycoon Patrick Drahi, has suffered a loss in investors after its …

Credit Rating

Embrace these 5 unloved investments, says Morningstar

MARKETWATCH FRONT PAGE<p>With investors shaken after weeks of geopolitical uncertainty, Morningstar Investment Management has compiled a list of unloved …

Investing

Moody’s Upgrades City of Papillion’s Credit Rating

Moody's Investors Service has upgraded the City of Papillion's general obligation debt credit rating to Aa1 from Aa2. Aa1 is Moody’s second-highest …

Investing

U.S. Agrees to Join China at WTO Negotiating Table

<i>*U.S. insists WTO rules don’t support China’s requests for negotiations on tariffs on metal products, nor for punitive tariffs based on violations of</i> …

China

Kestrel Acquisition, LLC -- Moody's assigns first time Ba3 rating to Kestrel Acquisition, LLC's senior secured credit facilities

Moody's Investors Service assigned a Ba3 rating to Kestrel Acquisition, LLC's (Kestrel or the Borrower) $415 million senior secured credit facilities …

Investing

Invitation Homes refinancing another 2 single-family rental securitizations

Invitation Homes is refinancing another two single-family rental securitizations originally issued in 2015, and it’s cashing out equity in the …

Real Estate

Moody's: Smaller US pork operators will bear the brunt of potential Chinese pork tariffs

China's proposed tariffs on US pork exports would reduce demand from China and cause pork supply to back up in the US market, leading to depressed …

Exports

BRIEF-S&P Lowers Papua New Guinea’s Sovereign Credit Rating To 'B', Raises Outlook To Stable | Reuters

April 16 (Reuters) - S&P:<p>* S&P LOWERS PAPUA NEW GUINEA’S SOVEREIGN CREDIT RATING TO B FROM B+; RAISES OUTLOOK TO STABLE FROM NEGATIVE<p>* SAYS PAPUA NEW GUINEA RATINGS LOWERED TO ‘B’ ON DETERIORATING DEBT PROFILE AND LOWER ECONOMIC GROWTH; OUTLOOK IS STABLE<p>* SAYS AFFIRMED ITS ‘B’ SHORT-TERM FOREIGN …

Papua New Guinea

Moody's Affirms Saudi Arabia's A1 Ratings, Maintains Stable Outlook

Moody's Investors Service affirmed the government of Saudi Arabia's long-term issuer and senior unsecured ratings at A1 with a stable outlook. In a …

Middle East

Moody’s upgrades Spain’s credit rating

Spain’s long-term credit rating has been raised by Moody’s on account of improved economic growth and banking sector fundamentals outweighing …

Economy

VeriFone, Inc. -- Moody's places VeriFone's Ba2 CFR under review for downgrade

Moody's Investors Service (Moody's) placed VeriFone, Inc.'s (Verifone) Ba2 Corporate Family Rating (CFR) and Ba3-PD Probability of Default Rating …

Investing

Moody's Upgrades Indonesia to Baa2 on Positive Economic Outlook

Moody’s Investors Service raised Indonesia’s credit rating one level, citing an increasingly credible and effective policy framework conducive to …

Business

Indonesia credit rating upgraded by Moody's

Moody's upgraded Indonesia's credit rating on Friday due to increased confidence the government will maintain its recent track record of responsibly …

News (U.S.)

Hearst Acquires Remaining Stake In Fitch Group For $2.8 Bln

(RTTNews) - Hearst said that it has purchased from Fimalac S.A. an additional 20 percent interest in global financial information services company Fitch Group, bringing Hearst's equity interest to 100 percent. The transaction is valued at $2.8 billion. Hearst acquired its original interest in Fitch …

Fitch Ratings

Dividend achieves an AA on its 2nd solar loan securitization

Dividend Finance has gone to some lengths to earn an AA rating from Kroll Bond Rating Agency on its second solar loan securitization.<p>The new, $104 …

Finance

Belmont Green preps 2nd, as-yet-unsized U.K. non-prime RMBS

Fledgling U.K. mortgage lender Belmont Green Finance Ltd. is preparing its second offering of bonds backed by predominantly first-lien “buy-to-let” …

Finance

North Las Vegas Credit Rating Upgraded By S&P Global Ratings

Standard & Poor's rating agency upgraded North Las Vegas' credit by two notches.<p>NORTH LAS VEGAS, NV - The city of North Las Vegas got an upgrade to …

Las Vegas

Nine West bankruptcy lifts retailers' default rate to 8.6 pct | Reuters

Friday’s Chapter 11 bankruptcy petition by footwear and apparel company Nine West Holdings Inc has raised Fitch Ratings’ institutional loan default rate for retailers to 8.6 percent and puts it on track to reach 10 percent this year, the credit rating service said on Monday.<p>The default rate rose …

Law

PNB fraud: Fitch Ratings downgrades Viability Rating of Punjab National Bank to 'bb-' from 'bb' - Firstpost

<b>New Delhi:</b> Following the multi-crore fraud that took place in the bank, Fitch Ratings on Tuesday has downgraded the Viability Rating of Punjab …

Business (India)

Tricon American reduces leverage in refi of two SFR securitizations

Tricon American Homes is refinancing two more single-family rental securitizations, including one originally issued by Silver Bay Realty, which it …

Real Estate

Tesla Gives Panasonic an Electric Shock

Hitching a ride on Tesla Inc. these days seems precarious at best, especially for its sole battery supplier Panasonic Corp.<p>Shares of the Japanese …

Tesla

SoFi reduces exposure to long tenors in second consumer-loan ABS of 2018

SoFi Lending Corp.’s second consumer-loan securitization of 2018 indicates a slight shift toward higher-earning borrowers on shorter-term …

Finance

Esfera I Baelo Patrimonio FI, ES0110407097:EUR summary

The performance data shown in tables and graphs on this page is calculated in GBX of the fund/index/average (as applicable), on a Bid To Bid / Nav to …

Investing

State’s bond rating ‘uncommonly low’ due to ‘crisis-like budget environment’

Illinois may have a budget for the first time in three years, but S&P Global Ratings remains leery — putting the state still just one notch above …

Education

Spain's debt rating gets another upgrade

"DBRS considers structural improvements in the Spanish economy have strengthened the prospects for sustainable growth," it said in a statement. …

Spain

Small Tesla Contractor Sues Car Maker, Claiming Nonpayment

Lawsuit related to remediation work at California plant comes as Tesla works to ramp up Model 3 production<p>A small Tesla Inc. contractor has sued the auto maker claiming it hasn’t been paid for work at a Fremont, Calif., assembly plant where Tesla is now trying to ramp up production of the Model 3 …

Tesla

Report: Supervalu considering options, including sale

Nine West files for bankruptcy; to sell namesake brand<p>Massive debt has finally taken its toll on Nine West.<p>Nine West Holdings Inc. said Friday that …

Profit

Indian Lenders Win More Time to Implement Reforms

Moody's Investors Service Vice President Senior Credit Officer Asia Financial Institutions Alka Anbarasu discusses India's banking regulations She …

Regulation

Dark days for isolated Zuma as corruption case starts

Former South African President Jacob Zuma is scheduled to appear in court on Friday to face corruption charges just two months after being ousted by …

South Africa