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S&P singled out Exxon Mobil Corp., Chevron Corp., Royal Dutch Shell Plc and Total SE and several others. In addition, it downgraded the outlook for BP Plc to negative.
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negative
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financialpost.com
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https://financialpost.com/pmn/business-pmn/sp-puts-big-oil-companies-on-negative-watch-due-to-climate-risk
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Banks fell more than the broader market as the downgrades of Italy and Spain by the Fitch agency renewed concerns about Europe's debt crisis and the fallout it could have on banks. Bank of America Corp. plunged 6 percent, the most in the Dow. JPMorgan Chase & Co. was close behind, 5.2 percent.
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negative
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www.syracuse.com
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http://www.syracuse.com/news/index.ssf/2011/10/fitch_downgrades_italian_spani.html
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Dick Swanson had a chance to unpack his suitcase last week, but it won't be empty for long. Swanson, president and CEO of the Federal Home Loan Bank of Des Moines, this spring has visited hundreds of the bank's members during weeklong trips throughout its five-state district. This week, he plans to travel to New York City to meet with officials of the major credit rating agencies and update them on the bank's progress during the past 12 months. In April 2006, Standard & Poor's and Moody's Investors Service placed the bank on a credit watch, which put its AAA credit rating at risk. Though that status was lifted in September, both agencies still list the bank's financial outlook as "negative." The Federal Home Loan Bank's financial health is of key concern to the more than 1,250 banks, credit unions and insurance companies that are stockholders in the cooperatively owned institution.
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negative
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www.businessrecord.com
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https://www.businessrecord.com/federal-home-loan-bank-pauses-after-turbulent-year
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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk ( volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. GlaxoSmithKline ( GSK ) pushed the Drugs industry lower today making it today's featured Drugs laggard. The industry as a whole closed the day up 0.7%. By the end of trading, GlaxoSmithKline fell 52 cents (-1.1%) to $46.14 on average volume. Throughout the day, 2.4 million shares of GlaxoSmithKline exchanged hands as compared to its average daily volume of 1.9 million shares. The stock ranged in price between $46.12-$46.41 after having opened the day at $46.21 as compared to the previous trading day's close of $46.66.
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negative
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www.thestreet.com
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https://www.thestreet.com/story/11740570/1/glaxosmithkline-plc-gsk-todays-featured-drugs-laggard.html
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Standard & Poor's considers chances of a credit ratings downgrade for India higher than for Indonesia,Bloomberg News reported on Tuesday,citing comments made by an analyst of the credit rating agency at a briefing in Seoul.
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negative
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indianexpress.com
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https://indianexpress.com/article/business/business-others/standard-poors-says-chances-of-india-downgrade-higher-than-for-indonesia
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CNA Financial's fixed-income investment strategy with the highest allocations to diversified investment grade corporates as well as highly rated municipal securities should support investment results in the near term. CNA has been able to maintain the underlying combined ratio below 95 for 13 straight quarters. Through targeted portfolio management strategies, the company made significant progress in successfully repositioning the portfolio underwritten via Lloyd's syndicate in its effort to improve the overall underwriting results of its international operation.
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positive
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www.zacks.com
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https://www.zacks.com/stock/news/2197973/zackscom-featured-highlights-include-jakks-pacific-giii-apparel-group-brinker-international-and-cna-financial?cid=CS-ZC-FT-press_releases-2197973
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Weatherford International PLC, Nabors Industries Ltd. and Canadian Oil Sands Ltd. are among the other investment-grade energy companies at risk of a downgrade to junk by mid-2016, according to Barclays.
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negative
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www.swissinfo.ch
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https://www.swissinfo.ch/eng/bloomberg/transocean-leads--20-billion-debt-on-junk-s-cusp--credit-markets/41288334
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"So a night of high drama for South Africa, with Fitch and Moody's both unexpectedly downgrading South Africa and assigning a negative outlook, still, to their ratings – even after their respective downgrades," Razia Khan, chief Africa economist at Standard Chartered Bank, wrote in a note on the downgrades.
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negative
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www.dailymaverick.co.za
|
https://www.dailymaverick.co.za/article/2020-11-22-junked-fitch-and-moodys-downgrade-south-africas-credit-ratings-further
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Separately, TheStreet Ratings team rates SYSCO CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
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positive
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www.thestreet.com
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https://www.thestreet.com/story/13203496/1/sysco-syy-stock-gets-rating-downgrade-at-deutsche-bank.html
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Rating agency Crisil has placed Punjab National Bank's (PNB) ratings on the debt instruments of Rs 22,223 crore on 'Rating Watch with Developing Implications'.
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neutral
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www.financialexpress.com
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http://www.financialexpress.com/economy/crisil-puts-pnbs-bonds-on-rating-watch/1070155
|
It added: "The coronavirus shock continues to pressure Namibia's revenue generation capacity, a trend exacerbated by Namibia's weak growth prospects, notwithstanding moderate institutional adjustment capacity and external buffers that backstop creditworthiness." The negative outlook reflects risks remaining slanted to the downside, Moody's continued. "Implementation of the government's fiscal consolidation plans will invariably prove challenging in a low growth environment, particularly as the government targets reducing the large but politically challenging public sector wage bill. Moreover, very large gross borrowing requirements, given the sovereign's continued reliance on short-term funding, point to material liquidity risk." Moody's lowered Namibia's long-term local currency bond and bank deposit ceilings to Baa2 from Baa1.
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negative
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www.namibiansun.com
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https://www.namibiansun.com/news/more-junk-from-moodys2020-12-07
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S&P Global Ratings Ltd. and Fitch, which both rate South Africa's debt at the lowest investment level, are due to review their assessments in December. Moody's Investors Service, which puts the debt two levels above junk, is considering its view next month.
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neutral
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www.moneyweb.co.za
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http://www.moneyweb.co.za/news-fast-news/rand-surges-as-fraud-charges-against-gordhan-are-dropped/
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S&P said in its statement: "We have lowered the long-term local currency ratings on South Africa because its fiscal financing needs are increasing beyond our previous base-case expectations, while the proportion of rand turnover in the global foreign exchange market has declined over the last three years." The news followed both Moody's and Fitch's announcements of early last week - Moody's rating it one step higher and Fitch leaving SA's foreign-currency assessment at one level above junk. In a statement released after S&P's announcement, the National Treasury said it recognises what needs to be done and is committed to implementing the reforms needed. Lungisa Fuzile (pictured) head of the Treasury, said that while we could celebrate for a "few hours", come this week we would need to "roll up our sleeves and get down to work and do what is necessary to make sure that come six months' time we will not be panicking".
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negative
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cfo.co.za
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https://cfo.co.za/articles/no-ratings-downgrade-for-sa
|
BlackRock has cross-listed the iShares Global Aggregate Bond UCITS EUR Hedged ETF to Deutsche Börse 's Xetra and Frankfurt exchanges. The fund provides diversified exposure to investment grade fixed income across currencies, regions and sectors while hedging returns relative to the ETF's trading currency – the euro.
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neutral
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www.etfstrategy.com
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https://www.etfstrategy.com/blackrock-lists-euro-hedged-global-aggregate-bond-etf-on-xetra-98622
|
The rating agency also warned that the ratings may face further downgrades and noted that IndyMac's servicer stability assessment fell to below average from average. Moody's said the lower assessment "creates uncertainty in the company's ability to maintain its servicing performance and whether the historical level of investment in the servicing platform, staffing levels and turnover rates can or will be maintained," Moody's said.
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negative
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www.housingwire.com
|
https://www.housingwire.com/articles/indymac-shares-drop-below-1-00-time-to-unload-financial-freedom
|
The negative outlook reflects the risks of Vanke's and the broader real estate industry's sales failing to stabilise in spite of intensifying government policy support, Fitch said.
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negative
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www.mingtiandi.com
|
https://www.mingtiandi.com/real-estate/finance/fitch-downgrades-china-vanke-despite-funding-push-by-state-banks
|
Moody's global speculative-grade default rate closed the final quarter of 2017 at 2.9%, unchanged from the prior quarter, the rating agency says in its latest global default report. The global rate is set to fall below 2% this year, while in the US it is projected to decline to 2.4%, and in Europe to 1.2%, by year's end. "Under our baseline scenario, we expect the global speculative-grade default rate to continue its downward path this year and to close it at 1.9%," said Sharon Ou, a Moody's Vice President and Senior Credit Officer. "This forecast aligns to the pick-up in global economic momentum and narrow option-adjusted high-yield spreads and generally good liquidity and low refinancing risk among Moody's-rated speculative-grade issuers." Overall, 90 defaults were recorded in 2017, compared with 143 in 2016, Ou says. In the fourth quarter, 24 Moody's-rated corporate issuers defaulted, up from 15 in the third, but down from 29 in the second.
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positive
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www.business-standard.com
|
https://www.business-standard.com/amp/article/news-cm/moody-s-global-speculative-grade-default-rate-unchanged-in-december-projected-to-continue-downward-path-in-2018-118011100369_1.html
|
MTGP is an actively managed ETF that primarily invests in agency residential and commercial mortgage-backed securities ("Agency RMBS" and "Agency CMBS," respectively), while having the flexibility to diversify into other sectors of the securitized debt market. The Fund is sub-advised by Voya Investment Management Co., LLC ("Voya IM"), a well-respected investment manager in securitized debt managing over $31 billion and has an expense ratio of 0.45%. Rick Harper, WisdomTree Head of Fixed Income and Currency, said, "In a continued low interest rate environment, we believe MTGP may be a compelling strategic option for investors seeking a generally more stable source of income through the types of mortgage-backed securities that have historically exhibited strong liquidity and limited credit risk.
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neutral
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www.globenewswire.com
|
http://www.globenewswire.com/news-release/2019/11/14/1947267/0/en/WisdomTree-Launches-Actively-Managed-Mortgage-Plus-Bond-Fund-MTGP.html
|
Other credit ratings firms, Fitch and Standards & Poors (S&P) have given Vietnam a BB rating, a notch higher than Moody's Ba3, but both levels are described as "non-investment grade". Latest figures released in late October by the Ministry of Finance predicted public debt this year to reach 49.2 percent of GDP, equivalent to around VND3.48 quadrillion ($150.23 billion), and down from 58.4 percent last year. But National Assembly delegates warned in June that Vietnam might need to borrow around VND700 trillion ($30.22 billion) for three years to service its debts since repayment pressure is rising.
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negative
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e.vnexpress.net
|
https://e.vnexpress.net/news/business/economy/moody-s-downgrades-vietnam-outlook-to-negative-4029909.html
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Shares in Steinhoff fell by as much as 80% after the company reveal accounting irregularities. The share price started to recover Monday after R200-billion was wiped off the company's market value. Steinhoff is the parent company of retailers such as Ackermans, Shoprite, Incredible Connections and PEP. [Source: SABC]
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negative
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vocfm.co.za
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https://vocfm.co.za/ratings-agency-moodys-downgrades-steinhoff
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In light of a proposed debt restructuring announced earlier this month by Saks Global, S&P Global Ratings has downgraded the retailer from "CCC+" to "CC." The financial ratings agency said that because the $600 million in financing from a majority of existing Saks bondholders involves "the planned exchange of its notes at a discount to par," it is "tantamount to a default."
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negative
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www.retailtouchpoints.com
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https://www.retailtouchpoints.com/features/financial-news/sp-global-downgrades-saks-credit-rating-calls-600-million-financing-deal-tantamount-to-a-default
|
As predicted, car rental companies' balance sheets have taken a ding, thanks to Detroit's determination to trim the fleets. Dollar Thrifty reports today that second quarter net income was $15.3 million, compared to $26.7m in '06. Prez and CEO Gary L. Paxton was quick to finger The Big 2.8's cutbacks, and reveal the inevitable result: "Vehicle manufacturers have been reducing the number of vehicles sold to the rental car industry and increasing our fleet costs. We are also absorbing higher vehicle financing costs as a result of lower credit ratings in the auto industry… raising rental rates is the key to offset these vehicle related increases." Meanwhile, the Avis Budget Group is on its way to recovery– reporting a $24m profit compared to a loss of $1.1b in '06. Still, their per-unit car fleet costs increased six percent year-over-year, "reflecting industry-wide increases for model-year 2007 vehicles."
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negative
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www.thetruthaboutcars.com
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https://www.thetruthaboutcars.com/2007/08/car-rental-companies-profits-hit-by-fleet-reduction
|
Papa John's currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Other top-ranked stocks in the same space are Jack in the Box Inc. JACK, Darden Restaurants, Inc. DRI and El Pollo Loco Holdings, Inc. LOCO, each carrying a Zacks Rank #2 (Buy). Jack in the Box's 2021 earnings are expected to rise 17.7%. Darden has a three-five year earnings per share growth rate of 15.4%. El Pollo Loco has a trailing four-quarter earnings surprise of 94.1%, on average.
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positive
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www.nasdaq.com
|
https://www.nasdaq.com/articles/papa-johns-reports-robust-preliminary-comps-for-august-2020-08-26
|
Raymond James downgraded Editas Medicine ( EDIT ) to Market Perform from Outperform without a price target The firm cites the company's extended development timelines and relative uncertainty around its in vivo program development specifics and timelines for the downgrade. Editas recently shifted focus to in vivo editing in sickle cell disease and transfusion-dependent beta thalassemia and the next update for the program is expected in Q1 of 2025, the analyst tells investors in a research note. Raymond James says that while the program may have a safety advantage since it's not expected to require myeloablative conditioning, this is offset by uncertain efficacy versus the approved ex vivo approach.
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negative
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www.tipranks.com
|
https://www.tipranks.com/news/the-fly/raymond-james-downgrades-editas-on-extended-development-timelines
|
PKO BP has terminated its contract with rating agency Standard and Poor's, Poland's biggest bank by assets announced on January 19. The announcement from the state-controlled lender came days after S&P downgraded Poland's sovereign rating from A- to BBB+. PKO insists its decision to end the contract has nothing to do with the downgrade of the sovereign, which in a novel twist was primarily a result of negative assessment of the Polish government's recent moves to consolidate power via the constitutional court and state media. PKO claimed in a statement that the move is part of an effort to reduce operational costs, which is important in "the environment of low interest rates and regulatory changes". The government has pushed through a bank tax that will place a 0.44% levy on assets from next month.
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negative
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www.intellinews.com
|
https://www.intellinews.com/poland-s-biggest-bank-pko-dumps-sandp-88907
|
Kounitz warned that further erosion in credit ratios could lead Standard & Poor's to lower credit ratings for Steelcase and Herman Miller, making it more expensive for both companies to borrow money. But the anticipated 13 percent decline in industrywide shipments for 2002 is already figured into the analysis and the erosion would have to get significantly worse before Standard & Poor's would act, Kounitz said.
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negative
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www.crainsgrandrapids.com
|
https://www.crainsgrandrapids.com/uncategorized/furniture-makers-keep-credit-rating
|
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Dollar General CorporationGlobal Credit Research - 16 Feb 2022New York, February 16, 2022 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Dollar General Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 14 February 2022 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. The review did not involve a rating committee. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
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neutral
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finance.yahoo.com
|
https://finance.yahoo.com/news/dollar-general-corporation-moodys-announces-213207485.html
|
Headquartered in Atlanta, Georgia, Equifax Inc. operates in the U.S. and 14 other countries throughout North America, Latin America and Europe. Equifax is a member of Standard & Poor's (S&P) 500® Index. Our common stock is traded on the New York Stock Exchange under the symbol EFX.
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neutral
|
www.insidearm.com
|
https://www.insidearm.com/news/00032103-equifax-and-fico-deliver-new-solution-to
|
"The Central Bank of Russia now has a number of policy tools at its disposal which range from the full support it has indicated, to a liquidation of the bank. Moody's believes that a liquidation is very unlikely in view of the bank's size," it said in a statement. Given Otkritie's status as a "systematically important credit institution", Moody's also said it had revised the probability of government support for Otkritie's senior creditors to "very high from moderate". "Nevertheless, Moody's believes that Otkritie's failure and the central bank's due diligence will likely lead to significant losses and consequent reduction in capital," it said. REUTERS
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negative
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www.businesstimes.com.sg
|
https://www.businesstimes.com.sg/banking-finance/moodys-downgrades-russian-bank-otkritie-after-bail-out
|
"These assays enable preclinical risk assessment of gene therapy vectors, potentially paving the way for safer gene therapy vectors used in clinical trials." AVROBIO uses these assays to inform vector selection during preclinical development. In addition, to date, AVROBIO has seen no cases of insertional oncogenesis in any of its clinical programs. "Safety is at the forefront of our work at AVROBIO and incorporated in the development of our plato® platform, which includes our advanced vector design, optimized for safety as well as transgene expression and protein uptake," said AVROBIO President and CEO Geoff MacKay. "Combining these assays helps assess vector genotoxicity risk early in preclinical development and further reaffirms that not all lentiviral vectors are designed the same."
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positive
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www.businesswire.com
|
https://www.businesswire.com/news/home/20221011005461/en/AVROBIO-Reports-Favorable-Data-on-Use-of-Combined-State-of-the-art-In-Vitro-Cell-based-Assays-to-Identify-Potential-Genotoxicity-Risk-of-Integrating-Vectors-During-Preclinical-Development
|
Concerning trends include the adjusted ROA declining to 68 basis points from 87 basis points in Q1 2024, a significant drop from the 100 basis points LTM figure. This contrasts with the improved adjusted ROE excluding AOCI of 9.7%, up from 7.4% last year, suggesting better capital efficiency despite earnings pressure.
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negative
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www.stocktitan.net
|
https://www.stocktitan.net/news/FG/f-g-annuities-life-reports-first-quarter-2025-itmxn0jlb4d4.html
|
TD is the sixth largest bank in North America by branches and serves approximately 22 million customers in four key businesses operating in a number of locations in key financial centers around the globe. The company recently reported that they expect TD Ameritrade's first quarter earnings to contribute approximately CDN$47 million to fiscal 2013 first quarter net income as part of its Wealth and Insurance segment. TD Bank Group is scheduled to release first quarter results on February 28 th.
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neutral
|
finance.yahoo.com
|
https://finance.yahoo.com/news/canadian-banks-receive-credit-rating-132000555.html
|
The Akbank Eurolira bond was rated BBB by Fitch and is expected to be raated Baa2 by Moody's, both one notch above the lowest investment grade rating. Turkey's sovereign debt is rated BBB- with a stable outlook by Fitch, Ba1 with a positive outlook by Moody's and BB with a stable outlook by Standard & Poor's.
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neutral
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www.reuters.com
|
http://www.reuters.com/article/2013/02/06/turkey-eurolira-bonds-idUSL5N0B58IC20130206
|
PALO ALTO, Calif.--(BUSINESS WIRE)-- Guardant Health, Inc. (Nasdaq: GH ), a leading precision oncology company, today announced the launch of the Guardant Hereditary Cancer test, a germline test that identifies genetic variants associated with cancer risk to help cancer care teams provide optimal patient care. Germline genetic testing is recommended by medical practice guidelines for patients diagnosed with cancer to enable genetically targeted treatment and identify relatives who may benefit from personalized cancer screening and prevention. 1 The testing analyzes inherited genetic variants, typically present in all the cells of the body, that may predispose an individual to certain risks or diagnoses, including hereditary cancers and other genetic conditions.
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positive
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www.stocktitan.net
|
https://www.stocktitan.net/news/GH/guardant-health-introduces-hereditary-cancer-testing-to-identify-09ipyr4sm5ic.html
|
Visa's is a truly unique story. Its main competitor, MasterCard (NYSE:MA) is but a fraction of its size. Other competitors like American Express (NYSE:AXP), Capital One (NYSE:COF), and Discover Financial (NYSE:DFS) take on credit risk, so right now, they're swimming against the worst credit crisis storm this generation has ever seen.
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positive
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www.fool.com
|
https://www.fool.com/investing/value/2008/10/24/is-it-time-to-buy-visa.aspx
|
Green Mountain Coffee Roasters, Inc. engages in the specialty coffee and coffee maker business. The company has a P/E ratio of 33.5, below the average food & beverage industry P/E ratio of 38.6 and above the S&P 500 P/E ratio of 17.7. Green Mountain Coffee Roasters has a market cap of $7.84 billion and is part of the
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neutral
|
www.thestreet.com
|
http://www.thestreet.com/story/11415911/9/thestreet-ratings-top-10-rating-changes.html
|
"It is because we have stuck to that commitment that the deficit is down by a quarter and interest rates are at record lows," it said. The yield on the 10-year gilt is at 1.86 percent, about a third of the rate on equivalent Spanish debt. About half the time, government bond yields fall when a rating action suggests they should climb, or they increase even as a change signals a decline, according to data compiled by Bloomberg in June on 314 upgrades, downgrades and outlook changes going back to 1974. Britain also has a top rating at Moody's with a negative outlook. Moody's lowered its outlook on the U.K. grade on Feb. 13, as it cut the ratings of other European countries including Italy and Spain, citing the euro-region debt crisis. Fitch lowered its outlook to negative from stable on March 14, days before Osborne presented his annual budget, citing the weak recovery, high debt, and threats from Europe.
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negative
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www.newsmax.com
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http://www.newsmax.com/finance/FinanceNews/S-P-Cuts-UK-Outlook/2012/12/13/id/467688
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TORONTO, Oct 23 (Reuters) - Moody's credit rating agency said late on Thursday it may downgrade Bank of Montreal, Canada's fourth-largest bank, due to concern about its U.S. operations, trading business and loan losses.
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negative
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www.reuters.com
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http://www.reuters.com/article/2009/10/23/bankofmontreal-rating-idUSN2310765320091023?feedName=everything&feedType=RSS&virtualBrandChannel=11563
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Moody's and Fitch Ratings agencies both downgraded South Africa's sovereign credit rating deeper into sub-investment territory or junk status, after the close of the JSE on Friday. Moody's maintained its negative outlook, while Fitch assigned a negative outlook of South Africa's fiscal situation from a previous stable outlook.
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negative
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www.sabcnews.com
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https://www.sabcnews.com/sabcnews/rising-government-debt-reason-for-sa-economy-downgrade
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Moody's, whose founder John Moody created the first credit ratings for US railroad bonds in 1909, was forced to reverse upgrades for banks after criticism from firms such as Merrill Lynch & Co and JPMorgan Chase & Co. Eighty-five per cent of investors in a Merrill survey last month said Moody's had lost credibility because of the approach. Icelandic lenders Kaupthing hf, Glitnir Banki hf and Landsbanki Islands hf had some of the biggest ratings cuts, dropping three levels to Aa3. Three steps was the largest downgrade Moody's said it was considering for the banks it placed under review earlier this month.
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negative
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www.theage.com.au
|
http://www.theage.com.au/news/business/analysts-somewhat-mollified-by-moodys-reassessments/2007/04/11/1175971180009.html?page=fullpage
|
On the heels of rival Standard and Poor's move to adjust its ratings assumptions, which lead to a massive downgrading of RMBS and related securities late yesterday, Fitch Ratings said Thursday that it had enhanced its U.S. RMBS default and loss model, known as ResiLogic. The new model will incorporate 25 new multipliers for specific metropolitan statistical areas (MSAs), the rating agency said, although Fitch did not specify which 25 MSAs it would track via the new multipliers. In the past, Fitch's RMBS modeling employed only state-level risk multipliers, so the new MSA multipliers will certainly enable a stronger regional focus on rating RMBS transactions. There are other changes, as well: apparently, even Fitch's state-level risk multipliers didn't influence loss severity estimates in the past, instead only factoring into an assessment of frequency of foreclosure. The multipliers will modify both loss severity and frequency of foreclosure estimates going forward.
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neutral
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www.housingwire.com
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https://www.housingwire.com/articles/fitch-updates-us-rmbs-model-warns-more-downgrades
|
These state-of-the-art facilities foster enhanced collaboration and synergies to discover and develop innovative therapies. About EMD Serono, Inc. EMD Serono, Inc., an affiliate of Merck KGaA, Darmstadt, Germany, is a leader in the U.S. biopharmaceutical arena, integrating cutting-edge science with unparalleled patient support systems to improve people's lives. The company has strong market positions in neurodegenerative diseases, with Rebif® (interferon beta-1a), as well as in endocrinology, with Saizen® (somatropin (rDNA origin) for injection), Serostim® (somatropin (rDNA origin) for injection) and EGRIFTA™ (tesamorelin for injection). EMD Serono is a leader in reproductive health, with Gonal-f® (follitropin alfa for injection), Luveris® (lutropin alfa for injection) and Ovidrel® Prefilled Syringe (choriogonadotropin alfa injection). In addition, EMD Serono is growing its expertise and presence in the area of oncology, with more than 10 projects currently in development.
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neutral
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www.prnewswire.com
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https://www.prnewswire.com/news-releases/emd-serono-inc-receives-gold-leed-rating-120692884.html
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However, elevated input costs and ambiguity around tariffs are concerning.Rezdiffra Sales Boost Madrigal (MDGL), Competition a WoeRezdiffra, approved for MASH, has given MDGL a regular source of income. However, competition in the target market is a matter for concern.QuidelOrtho (QDEL) Gains on Sales Amid Ongoing Solvency WoesPer the Zacks Analyst, strong product sales and promising lab potential support QuidelOrtho's growth, though competition, solvency concerns, and policy uncertainty pose risks.New UpgradesQualys (QLYS) Rides on Product Strength, Marketing EffortsPer the Zacks analyst, Qualys benefits from expanding product capabilities, which helps it gain customers. Increasing marketing efforts are also an upside.Growing Air Travel Aids Spirit (SPR), Poor Financials WoePer the Zacks analyst, growing air travel is boosting the shipset delivery of Spirit AeroSystems' commercial products.
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neutral
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www.finanzen.net
|
https://www.finanzen.net/nachricht/aktien/top-analyst-reports-for-american-express-nextera-energy-arista-networks-14533756
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Standard & Poor's is making its Crosswalk product – a joint venture with Dun & Bradstreet and Telekurs Financial – available via the web. Crosswalk, backed by sizeable players in the business entity identifier space, identifies the link between securities, issuers and their corporate entity hierarchy. Meanwhile, the company has also launched Ratings IQuery for fixed income. The web-based research and reporting tool provides users with functionality for mining its historical credit ratings database. This is available alongside S&P's RatingsDirect credit research service, and the RatingsXpress data feed.
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neutral
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a-teaminsight.com
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https://a-teaminsight.com/blog/standard-ratings-iquery/?brand=ati
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Mr. Speaker, yesterday the president of Moody's, a New York bond rating agency, stated the following: "The Quebec election is not a factor to be analyzed in reviewing Canada's credit rating". The president of Moody's acknowledged that Canada's credit rating was being closely monitored because of the country's financial situation and high debt levels. The outcome of the current review could prove costly in terms of high interest rates. In fact, since the Liberal government brought down its first budget, the gap between Canadian and American interest rates has widened considerably. The markets are reacting this way because foreign investors are worried about the lack of concrete deficit reduction measures in the first Liberal budget. These comments from the president of Moody's confirm that the recent volatility of the market is due to the sorry state of public finances, not to the political situation in Canada.
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negative
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openparliament.ca
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https://openparliament.ca/debates/1994/4/26/jean-landry-1/only
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REDMOND, Wash. (CBS.MW) - Microsoft shares fell Wednesday after Salomon Smith Barney cut its rating on the stock, amid concern over the software giant's earnings prospects next year.
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negative
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www.marketwatch.com
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https://www.marketwatch.com/story/microsoft-pressured-after-stock-rating-cut
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The rating outlook distribution has been mostly stable over the past three years. We expect limited rating changes over the next 12 months, with all of the 17 publicly rated Foreign-Currency Issuer Default Ratings on stable outlook as of end-November 2022. However, four of the rated companies have low rating headroom, suggesting limited capacity to take on more debt without incremental operating cash flow. Our view on Bharti Airtel Limited's (Bharti, BBB-/Stable) underlying credit quality is currently 'BBB-'/Positive, which indicates the Foreign-Currency IDR Outlook could be revised to Positive if India's Country Ceiling were to be raised to 'BBB'. The Indian telcos sector may be heading towards a private-sector duopoly if Vodafone Idea continues to weaken.
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neutral
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bizenglish.adaderana.lk
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http://bizenglish.adaderana.lk/apac-telcos-2023-leverage-to-remain-stable-despite-high-5g-capex
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Moody's, S&P and others slapped investment grade ratings on junk-filled securitized paper because that was their jobs: they were literally paid to do so by issuers and underwriters. Underwriters found they could shop for triple AAA ratings – if Moody's refused to provide a desired rating, then S&P would (and vice versa). When it all went south, the CRAs made feeble attempts to claim these business transactions as "protected political speech" under the First Amendment. These arguments failed, eventually leading to fines for their malfeasance.
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negative
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ritholtz.com
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https://ritholtz.com/2019/08/blame-the-credit-rating-agencies
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While Moody's Investor Service said that it has had higher credit enhancement levels for negative amortization loans for a number of years, analysts from the rating agency acknowledge that there has been a considerable increase in securitizations backed by these loans, with a substantial pick-up starting last year. "We've been making a 15% to 20% adjustment for neg ams for a few years," Daniel Gringauz, a vice president at Moody's said. "We've always viewed neg am loans more harshly." The key difference in these loans is the lack of equity build-up together with the fact that the principal balance of neg am loans can actually increase, thus potentially resulting in the reduction of the equity in the borrower's property.
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negative
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asreport.americanbanker.com
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https://asreport.americanbanker.com/news/rating-agencies-take-a-harsher-look-at-neg-am-mortgages
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Yet Microsoft's current earnings yield is 3.35%, with its current P/E ratio of 29.8. Considering Microsoft has a higher credit rating than the U.S. government, its earnings yield could probably at least be the equivalent of Treasuries. That's because Microsoft's earnings should grow by double digits over the next several years and maybe longer, powered by the company's wide-moat software franchises.
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positive
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www.fool.com
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https://www.fool.com/investing/2022/04/19/3-top-stocks-that-just-went-on-sale
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NEW YORK -- J.C. Penney Co.'s (NYSE:JCP) debt ratings were cut to junk status on Wednesday by Fitch, which said the No. 5 U.S. retailer suffers from persistent operating weakness in its department stores and Eckerd drugstores. Fitch cut Plano, Texas-based J.C. Penney's long-term debt ratings one notch to "BB-plus," its highest junk grade, from "BBB-minus," and its commercial paper, or short-term debt, rating one notch to "B" from "F3." Its rating outlook remains negative, and its ratings affect about $5.4 billion of debt. The credit rating agency said Penney's department stores "have struggled to gain sales traction in the increasingly competitive middle market" while Eckerd's profitability "has been hampered by poor execution and pressure from managed care in its growing drugstore operations."
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negative
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www.wired.com
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https://www.wired.com/2001/05/j-c-penney-nothing-but-junk
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It looks as though Edcon Holdings Limited (Edcon) can finally breathe a sigh of relief after a nail-biting season that more than once saw South Africa's largest retail group on the brink of collapse. Downgrade woes In October, Moody's downgraded Edcon's global rating from Caa3 to Ca after it missed both the March and September 2016 interest payments on some of its bonds, which the rating agency viewed as a limited default. Moody's was a bit behind the curve, as Standard and Poor's (S&P) had already downgraded Edcon from CCC+ to SD (Selective Default) in April after the retailer failed to pay the interest on some of its euro- and dollar-denominated bonds within the 30-day grace period allowed by the bond documentation.
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negative
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www.moneyweb.co.za
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https://www.moneyweb.co.za/in-depth/moneyweb-investor/a-glimmer-of-hope-for-edcon/
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FICO Falcon Fraud Manager is the centerpiece of FICO's solution set for enterprise fraud management. About FICO FICO (NYSE: FICO ) delivers superior predictive analytics solutions that drive smarter decisions. The company's groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO's innovative solutions include the FICO ® Score — the standard measure of consumer credit risk in the United States — along with industry-leading solutions for managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world's top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands.
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neutral
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www.prnewswire.com
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http://www.prnewswire.com/news-releases/fico-receives-best-in-class-designation-in-enterprise-fraud-management-assessment-187278101.html
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Moody's, a global provider of credit ratings, research, and risk analysis, attended the March meeting of the National Association of Insurance Commissioners, where discussions included regulatory priorities for the life and health insurance sector.
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neutral
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www.royalgazette.com
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https://www.royalgazette.com/reinsurance/business/article/20240422/bermuda-mentioned-in-moodys-report-on-naic-concerns
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Children's clothing retailer Gymboree announced this week that it's making another trip to bankruptcy court – its second in less than two years. PG&E ( PCG ), the California power company facing billions of dollars in claims over the deadly 2018 Camp Fire, announced this week that it will soon file for bankruptcy as well.
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negative
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www.cnn.com
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https://www.cnn.com/2019/01/17/investing/corporate-debt-defaults/index.html
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Excluding the WisdomTree India Earnings Fund (NYSEArca: EPI ), which is up more than 9% year-to-date, the major single-country BRIC ETFs, including EWZ, have disappointed investors this year. However, helped by a resurgent Petrobras (NYSE: PBR) and Vale (NYSEArca: VALE), among others, EWZ has closed the gap and is making a run at turning positive on the year. [Brazil ETFs Tempt]
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positive
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www.etftrends.com
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https://www.etftrends.com/2014/03/brazil-etfs-hold-up-well-after-sp-downgrade
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In the wide-ranging investigation, Boeing failed a check that dealt with the component that blew off the jet, known as a door plug, the report said, citing an FAA presentation viewed by the publication. The plane maker passed 56 of the audits and had a total of 97 instances of alleged noncompliance, according to the presentation. The FAA also conducted 13 product audits for the part of the inquiry that focused on Spirit AeroSystems, and six of those audits resulted in passing grades, while seven resulted in failing ones, the presentation said. MOODY'S REVIEWING BOEING'S CREDIT RATING: On March 26, Moody's placed the Baa2 senior unsecured rating and Prime-2 short-term rating of Boeing on review for downgrade. The rating outlook was previously stable.
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negative
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talkmarkets.com
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https://talkmarkets.com/content/stocks--equities/heres-what-wall-st-experts-are-saying-about-boeing-ahead-of-earnings?post=442494
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"The credit extended by banks to NBFCs has exhibited a consistent upward trend for close to six years and continued its acceleration along with the phased reopening of economies after the Covid-19 pandemic. This growth momentum further accelerated during FY2023 and continued in H1 FY2024," CareEdge Ratings wrote in the report. The merger of HDFC Limited and HDFC bank reduced outstanding exposure of banks to NBFCs, although growth rate was maintained. (US$1 = IDR83.06)
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positive
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asianbankingandfinance.net
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https://asianbankingandfinance.net/lending-credit/news/chart-week-indian-banks-credit-exposure-nbfcs-slows-in-dec
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Clearly, Standard and Poor's fortunes have been grievously affected by this development. The first ever against a credit rating agency, the major accusation of the lawsuit is that the agency provided inflated ratings on $5 billion worth of mortgage related securities and misled investors. The incentive in this case was hundreds of millions of dollars in ratings fees which were paid by the issuers of these securities. Precisely, S&P assigned these ratings in pursuit of lucrative ratings fees and higher market share. However, according to an analyst at BTIG, LLC, Moody's also faces the risk of similar litigation in the near future. This may also have provided S&P ideas for a "similar announcement" shortly, the analyst opined. Moody's shares had taken a hit right after it was leant that rival S&P had been served a civil lawsuit. Share prices had declined even though Moody's posted a 66% jump in net profit in the last quarter of 2012.
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negative
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finance.yahoo.com
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https://finance.yahoo.com/news/ratings-firms-trustworthy-183345541.html
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Calls for Criminal Investigation of Prospect Medical Holdings and Resources for those Affected by Crozer Health Layoffs Deloitte Consulting: Propublica report slams Deloitte consulting role in disappointing Georgia Pathways program results. Inside Deloitte's Multi-Million Promotion of Georgia's Medicaid Experiment — ProPublica Amgen loses Regeneron court challenge : A federal jury in Delaware said on Thursday that biotech company Amgen owes competitor Regeneron more than $406 million for engaging in anticompetitive behavior to increase sales of its cholesterol-reduction drug Repatha at the expense of Regeneron's rival drug Praluent. Amgen owes $406 million for monopolizing cholesterol drug market, US jury says Economy Rating agencies lower U.S. credit rating : "… all three major credit rating firms no longer give the United States their best rating.
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negative
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paulkeckley.com
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https://paulkeckley.com/the-keckley-report/2025/5/19/the-winners-and-losers-in-one-big-beautiful-bill
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Fannie Mae ( FNMA -8.15% ), the other government-sponsored mortgage company, is preparing an alternative structure for later this year that uses mortgage insurance to spread the credit risk. Details on the exact structure of this product aren't yet final, but the takeaway from both products points to a potential and significant change in the business: Investors in mortgage-backed securities may soon be taking on more risk in their MBS portfolios.
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negative
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www.fool.com
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https://www.fool.com/investing/general/2013/08/04/freddie-mac-to-mbs-buyers-were-done-shouldering-al.aspx
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Image Source: Zacks Investment Research SVB, the primary subsidiary of SVB Financial Group, had faced a bank run, wherein it booked $1.8 billion in losses on securities sales to meet deposit withdrawals. Now, amid the growing risks of increased deposit withdrawals, First Republic is eyeing strategic options, including a potential sale, per a Bloomberg article that cited people with knowledge of the matter. The lender is expected to receive takeover interest from larger rivals. The news of the potential sale can also be driven by the company's credit rating being downgraded to speculative grade yesterday. S&P Global Ratings downgraded its long-term issuer credit rating on FRC by four notches to BB+ from A-, whereas Fitch Ratings cut the bank's long-term issuer default rating to BB from A-. These downgrades can increase borrowing costs and raise questions about its financial health.
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negative
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www.zacks.com
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https://www.zacks.com/stock/news/2066660/can-first-republic-frc-navigate-bank-solvency-jitters?cid=SM-twitter-HL-2066660
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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk ( volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. Fortinet ( FTNT ) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day down 0.7%. By the end of trading, Fortinet rose 35 cents (1.7%) to $20.54 on average volume. Throughout the day, 2.5 million shares of Fortinet exchanged hands as compared to its average daily volume of 3.2 million shares. The stock ranged in a price between $20.17-$20.65 after having opened the day at $20.18 as compared to the previous trading day's close of $20.19.
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positive
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www.thestreet.com
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http://www.thestreet.com/story/11792642/1/fortinet-inc-ftnt-todays-featured-computer-software-services-winner.html
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Although it was well-telegraphed, I was still plenty surprised when Standard & Poor's downgraded the United States a notch from the highest credit rating AAA to AA+. But it seems I am now one voice in a growing chorus that believes Standard & Poor's made a massive mistake. Some might think the rating change to be a nuanced difference, but having held the coveted AAA moniker since the inception of credit ratings 70 years ago, the U.S. downgrade was quite significant from a psychological point of view and less so from a financial point of view. I focus on the psychology because the actual report was so light in its fiscal critique–even though I readily admit we have deficit issues that must be addressed. In fact, S&P's report seems to downgrade America's political system more than anything else.
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negative
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www.blackenterprise.com
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https://www.blackenterprise.com/don’t-let-the-debt-downgrade-scare-you
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Fitch says that this rating action reflects the belief that Teva is facing significant operational stress at a time when it needs to reduce debt from the August 2016 acquisition of Actavis' generic drug business. "Pricing pressure in Teva's North American generics segment and erosion of sales of Copaxone will continue to weigh on free cash flow in the near term, requiring the company to continue to sell assets or find external capital resources to meet debt obligations in 2018 and 2019 and beyond," Fitch states. "The Negative Outlook reflects the uncertainty around whether the company's challenges will deepen and the nature and timing of the company's response to such challenges such as whether Teva would seek equity financing to reduce its debt burden," Fitch's statement adds.
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negative
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www.globes.co.il
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http://www.globes.co.il/en/article-fitch-cuts-teva-to-junk-rating-1001210701
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"The status quo with the [Government-Sponsored Enterprises] remaining in conservatorship is the most likely scenario," Zandi tells ResiClub. "This is the most likely scenario as it is consistent with the status quo and current mortgage rates. The housing finance system has worked very well since the GSEs were put into conservatorship in 2008. And the GSEs have been effectively privatized through their credit risk transfers to the private sector. Those advocating for taking the GSEs out of conservatorship need to explain what the benefit of privatization is." 2. Release of Freddie Mac and Fannie Mae with an "implicit government guarantee": 20% probability "Release of the GSEs as systemically important financial institutions (SIFIs) with an implicit government guarantee like that which prevailed prior to the GSEs' conservatorship," says Zandi.
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neutral
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www.fastcompany.com
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https://www.fastcompany.com/91303072/housing-market-mortgage-rates-conservatorship-ends-freddie-mac-fannie-mae
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Lambrechts said as a result of Standard &Poor (S&P) lowering its local currency rating on South Africa to BBB from BBB+, Santam's international counterparty credit and insurer financial strength rating was also lowered to BBB from BBB+. Santam has entered into an agreement with an international reinsurer in terms of which selected Santam business units will be able to use the reinsurer's S&P AA- credit rating. This will enable Santam to profitably grow its business flows from territories outside South Africa in situations where an international credit rating of A- or better is required. Looking ahead, Lambrechts said the group's focus remains on balancing profitable growth with a continued efficiency drive to optimise cost ratio – both in South Africa and emerging markets.
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positive
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www.fanews.co.za
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https://www.fanews.co.za/article/company-news-results/1/santam/1048/santam-remains-steady-amid-tough-economic-climate-and-high-claims/21865
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In addition to retaining his 10% ownership interest in Amil, terms of theacquisition call for the company's founder and CEO to retain his position asAmil's CEO for five years, to acquire and retain for at least five years, $470million of UNH stock, and to join UNH's board of directors. Amil is a leading provider of private health insurance and managed care inBrazil that is currently rated 'AA'(bra) on Fitch's national rating scale.Based on the company's June 30, 2012 financial statements and current exchangerates, the company has $813 million of shareholders' equity and in 2011generated $88 million of net income. Fitch's expectation is that Amil'scontributions to UNH's earnings and EBITDA will be modest for several years.
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neutral
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www.cnbc.com
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https://www.cnbc.com/2012/10/08/textfitch-affirms-unitedhealth-group-ratings.html
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Moody's expects that this will result in Moody's gross adjusted leverage improving to around 4.0x in 2023. However, Flutter is currently more weakly positioned in its rating category given Moody's expectation of delays to its deleveraging trajectory. This is due to the company's weaker than expected profitability in the first half of 2022, the higher debt burden due to the stronger USD, and a lower free cash flow (FCF) forecast in 2023 due to higher capex expected in 2023. Negative rating action is therefore likely if there is further downside deviation to current forecasts.Flutter remains committed to its public net leverage target of 1 to 2 times in the medium-term but Moody's expects Moody's gross adjusted leverage will be 4.8x in 2022 pro forma the consolidation of Sisal, compared with around just above 4.0x as per Moody's previous expectations.
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negative
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finance.yahoo.com
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https://finance.yahoo.com/news/flutter-financing-b-v-moodys-184607550.html
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Both companies' credit rating agencies benefit from strong moats, pricing power, and high-margin business models that act as "toll booths" on global debt issuance, Mizuho said adding that near-term issuance will remain choppy. "Although near-term issuance has been volatile, over the medium-term we see issuance tailwinds due to M&A activity recovering and significant debt maturity walls," analyst said Mizuho prefers S&P Global over Moody's, noting that the historical valuation gap between the two has widened, with Moody's currently trading at a 13% premium to S&P Global versus a long-term average of 2%. The firm expects this premium to narrow as S&P's Market Intelligence division stabilizes and its Ratings segment delivers more conservative growth estimates compared to Moody's.
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positive
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www.investing.com
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https://www.investing.com/news/stock-market-news/mizuho-starts-coverage-on-sp-global-and-moodys-3924703
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Foot Locker shares are down 31% this year, even after jumping 6.2% on Monday to $27. In disclosing his 5% stake in Macy's last week, Kretinsky, who tested positive for the coronavirus in March, said he planned to work with management to improve the department store chain's performance. Macy's was dropped from the S&P 500 benchmark in March and Fitch cut the company's credit rating to junk levels last month.
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negative
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www.crainsnewyork.com
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https://www.crainsnewyork.com/retail-apparel/czech-billionaire-who-bought-macys-stake-bets-foot-locker
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Standard & Poor's said the regional turmoil has hit the financial strength of Hong Kong insurers and has led the US-based agency to downgrade the credit ratings of some.
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negative
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www.scmp.com
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https://www.scmp.com/article/272238/sp-warns-further-downward-pressure
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At this time, the company has informed Moody's that it is negotiating a potential restructuring. Moody's said future ratings adjustments will be impacted by the company's ability to restructure. Moody's noted that the troubles at MLN have the potential to impact residential mortgage-backed securities backed in whole or in part by loans originated or serviced by MLN. Although Moody's feels it is too soon to determine which specific transactions may be affected, the level of impact will depend primarily upon the proportion of loans serviced by MLN as well as the proportion of MLN-originated loans in a given transaction and the performance of these loans. Moody's SQ ratings represent its view of a servicer's ability to prevent or mitigate asset pool losses across changing markets. The rating scale ranges from SQ1 (strong) to SQ5 (weak). Where appropriate, a "+" or "-" modifier will be appended to the relevant rating to indicate a servicer's relative servicing quality within a particular category.
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negative
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www.housingwire.com
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https://www.housingwire.com/articles/moodys-downgrades-mlns-servicer-ratings
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Fitch projects new single-family housing starts will drop 13.1% in 2011 following 5.8% growth in 2010. After falling 14.1% in 2010, new home sales are forecast to decrease about 7% in 2011. Fitch also downgraded the issuer default rating for Beazer Homes USA Inc. [[ BZH]], to CCC from B-, citing similar concerns about the health of the housing market and the likelihood that Beazer's ability to fund working capital will erode over the next 12 to 18 months. At June 30, 2011, Beazer had unrestricted cash of $274.6 million. Fitch expects Beazer to end fiscal 2011 with unrestricted cash of between $350 million to $400 million. IDR at Ryland Group Inc. [[ RYL]] was downgraded to BB- from BB and the ratings outlook was revised to negative from stable. RYL ended the second quarter with $182.3 million of unrestricted cash. Fitch affirmed its stable outlook for luxury builder Toll Bros. (TOL).
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negative
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www.housingwire.com
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http://www.housingwire.com/articles/fitch-downgrades-homebuilders-housing-market-softens
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Moody's and Fitch, two renowned global rating agencies, have highlighted concerns about Punjab National Bank's (PNB) creditworthiness. They have begun a rating watch on the bank, signifying a thorough examination prior to a possible downgrade or modification in outlook. Moody's Investors Service has placed PNB's local and foreign currency deposit ratings of Baa3/P-3, as well as its foreign currency issuer rating of Baa3, under scrutiny for possible downgrading. The primary reason for this examination is the anticipated financial consequences of the fraudulent acts. The key issue driving the rating action is the perceived possibility of a decline in the bank's independent credit profile as a result of the identification of several fraudulent transactions.
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negative
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lawfullegal.in
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https://lawfullegal.in/the-punjab-national-bank-scam-case-study
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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk ( volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet ) -- Tyson Foods (NYSE: TSN ) is trading at unusually high volume Monday with 19.9 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $1.84 (+10.9%) at $18.72 as of 3:51 p.m. ET. Tyson has a market cap of $4.89 billion and is part of the consumer goods sector and food & beverage industry. Shares are down 18.2% year to date as of the close of trading on Friday.
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neutral
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www.thestreet.com
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https://www.thestreet.com/story/11771828/1/tyson-rises-on-unusually-high-volume-tsn.html?cm_ven_int=morefrombox
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The two rating agencies differ on how the authority's creditworthiness is related to that of the Chicago Board of Education, a weaker credit with projected revenue shortfalls of as much as $640 million by 1994. The board's $75 million of outstanding GO debt is rated Baa by Moody's and BBB by Standard & Poor's Corp. Todd Whitestone, a senior vice president at Standard & Poor's Corp., said the rating agency does not make any linkage between the two credits because the authority has its own unlimited property tax levy that is distinct and separate from the board's revenue sources. Moody's, however, takes into consideration the status of the board when rating the authority, according to Paul Devine, a vice president and Great Lakes Region manager at the firm. "The two are inextricably linked," Mr. Devine said. "The credit of the board of education is integral to the credit of the School Finance Authority."
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neutral
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www.americanbanker.com
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https://www.americanbanker.com/news/chicago-school-authority-preliminarily-approves-250-million-refunding
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CONCERNS about Macquarie Bank's profit levels as a result of its exposure to volatile markets has seen the bank suffer its second credit rating downgrade this week. Moody's today cut Macquarie's ratings by one notch from A2 to A3 after a lengthy review of banks and firms operating on global markets. By noon, Macquarie shares were four cents lower at $27.34. Macquarie was trading at around $40 just over 12 months ago. Moody's senior vice-president Patrick Winsbury said the downgrade was a reflection of "ongoing earnings challenges for Macquarie and the evolution of its business model against the backdrop of protracted weakness in financial markets''. The report warns it is hard to predict Macquarie's "sustainability and profitability'' as moves to change its business model while maintaining its traditional "strong capital cover'' and moderate risk appetite and meeting investors' expectations for equity returns.
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negative
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www.perthnow.com.au
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https://www.perthnow.com.au/news/wa/moodys-inflicts-another-downgrade-on-macquarie-bank-ng-fce06b29cfad5ece1745aff9ce7cfa37
|
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk ( volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model Coca-Cola ( CCE ) pushed the Food & Beverage industry lower today making it today's featured Food & Beverage laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Coca-Cola fell $0.80 (-2.2%) to $35.90 on heavy volume. Throughout the day, 7,231,404 shares of Coca-Cola exchanged hands as compared to its average daily volume of 2,570,000 shares. The stock ranged in price between $35.73-$36.88 after having opened the day at $36.76 as compared to the previous trading day's close of $36.70.
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negative
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www.thestreet.com
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https://www.thestreet.com/story/11906465/1/coca-cola-enterprises-inc-cce-todays-featured-food-beverage-laggard.html
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"PLDT Inc.'s persistently high capital expenditure (capex) will continue to weigh on its balance sheet," the credit rater said in a statement. The revision is dated March 31, with S&P pointing out that the funding crunch pushed the bilyonaryo Manny Pangilinan-led telco to incur a 2.8x to 3x debt-to-EBITDA ratio that's well beyond the threshold to remain at "BBB+." The credit rating downgrade meant borrowing abroad will likely be more expensive for PLDT, at a time of rising global interest rates and inflation.
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negative
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bilyonaryo.com
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https://bilyonaryo.com/2023/04/03/p48-billion-spending-scandal-fallout-sp-downgrades-pldt-rating/business/
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Having laid out that explanation, I'm happy to say that I'm holding onto my Lloyds shares, for now. Sure, there are risks to the investment case, but I believe these are built into the stock's low valuation at present. In my view, recent Q3 results looked solid, as underlying profit rose 5% and the bank reported no deterioration in credit risk. With Lloyds shares offering a prospective yield of 5.7% right now, I'm content to sit tight, and pocket the big dividends on offer.
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positive
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www.fool.co.uk
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https://www.fool.co.uk/2018/10/30/5-reasons-lloyds-share-price-is-falling
|
Additionally, they compared the original weighted-average coupon (WAC) on auto loan ABS pools with the cumulative net loss rates generated by offerings that were issued between 2000 and 2010. Analysts said that the weighted average coupon on auto loan pools is a good indicator of credit risk. They added that market participants and regulators can use the WAC as a reliable measure to differentiate the level of credit risk between auto loan pools. According Wells Fargo analysts, the demand for auto loans has risen significantly,citing the bank respondents in the Federal Reserve 's survey, specifically over 1H12. They think this is partly a result of the pent-up demand for autos, which built up in the last few years. "The strength in demand has also helped the auto ABS sector to regain much of its lost vigor," Wells Fargo analysts wrote. "Particularly as lenders have shifted to a greater use of securitization for funding amid strong demand and tighter pricing spreads."
|
positive
|
asreport.americanbanker.com
|
https://asreport.americanbanker.com/news/wells-fargo-auto-abs-credit-risk-fears-overblown
|
Since the blowout preventer on the well failed, if Cameron is found liable for all or part of the spill, its revenues and future outlook could be severely impacted. "The negative spillover effects from the [blowout preventer] failure could relate to other product lines in the pressure control and subsea areas and to its relationships with Transocean and BP, which are major customers. We believe there is a risk that the negative spillover effects over the next few years could result in lower sales orders that would have the potential to directly affect Cameron's cash flows, its business and financial risk profiles, and possibly our view of its credit quality and corporate credit rating," said S&P. Halliburton ( HAL ), which provided the cementing and other well services for the Macondo well, could handle a short-term slowdown in offshore drilling and can afford to make payments for some potential liability for the spill.
|
negative
|
www.aol.com
|
https://www.aol.com/2010/05/24/oil-industry-awaits-federal-spill-report
|
In his 18 years at General Atlantic, he sourced and executed billions of dollars of growth equity investments across the technology services, enterprise software, healthcare, financial services and consumer sectors. Prior to General Atlantic, he worked in Goldman Sachs' Principal Investing and M&A groups in London and New York. Led by Stephen A. Schwarzman, Chairman, CEO and Co-Founder, and Jon Gray, President & COO, Blackstone is one of the world's leading investment firms. Its asset management businesses, with $457 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. FinSMEs 14/01/2019
|
neutral
|
www.finsmes.com
|
https://www.finsmes.com/2019/01/jon-korngold-joins-blackstone-to-lead-new-growth-equity-investing-platform.html
|
One investment that has struggled in recent months is the cinemas chain Odeon, which may have to overhaul its debt pile, credit ratings agency Standard & Poor's claimed last week as it slashed its debt rating.
|
negative
|
www.standard.co.uk
|
http://www.standard.co.uk/business/business-news/guy-hands-britain-must-stay-in-eu-to-prevent-war-9776893.html
|
NBG is Finansbank A.Ş.'s controlling shareholder with 99 percent ownership. Moody's had announced it had downgraded five Greek banks and ratings on review for a further downgrade on Feb. 9. The agency downgraded the long-term deposit and senior debt ratings of five Greek banks: Piraeus Bank SA to Caa2 from Caa1, National Bank of Greece SA to Caa2 from Caa1, Alpha Bank AE to Caa2 from Caa1, Eurobank Ergasias SA to Caa3 from Caa2 and Attica Bank SA to Caa3 from Caa2. All ratings were placed on review for further downgrade.
|
negative
|
www.dailysabah.com
|
https://www.dailysabah.com/economy/2015/02/20/moodys-reviews-finansbank-rating-for-downgrade
|
Despite recent losses which saw Tencent's Q418 profits decline by 32% - its worst quarterly decline since its went public offshore in Hong Kong back in 2004 – the company is still considered a strong investment grade (IG) borrower, which will have wooed investors amid returning risk sentiment. The deal, which was originally targeting a USD5.0bn close, had an issuance quota of just USD6bn from the regulator, the National Development and Reform Commission (NDRC), but this was still a level which helped the deal to double the USD3bn dollar bond deal sold by property developer China Evergrande Group back in January. More broadly, the deal also ranks as the second largest note sale across Asia so far this year – second only to Shanghai Pudong Development Bank's USD7,956mn deal in late March – and the seventh largest debt sale globally.
|
positive
|
www.fitchsolutions.com
|
https://www.fitchsolutions.com/banking-financial-services/risk-asia-dollar-bond-arena-10-04-2019
|
Aviva also cited last night's decision by Standard & Poor's to reaffirm the group's AA credit rating as evidence of its financial stability. The rating agency's move came as German financial services giant Allianz spread more gloom over the European insurance sector with a profits warning that triggered a 12% slump in its share price. Allianz said it lost e350m (£219m) in the second quarter and had abandoned its 2002 profit target of e3bn.
|
negative
|
www.standard.co.uk
|
http://www.standard.co.uk/news/aviva-goes-flat-as-jitters-take-toll-6321703.html
|
Russian companies, including oil giant Rosneft, may face challenges refinancing $112 billion in debt due to mature over the next four years, a report...
|
negative
|
www.themoscowtimes.com
|
https://www.themoscowtimes.com/2014/10/19/russias-debt-rating-slashed-again-by-moodys-as-economy-falters-a40531
|
Telecom Italia's senior unsecured and issuer ratings were lowered one level from Baa2, Moody's said in a statement yesterday. The rating may be cut again, echoing the tough operating environment in Italy, Moody's said.
|
negative
|
www.bloomberg.com
|
https://www.bloomberg.com/news/articles/2013-02-12/telecom-italia-debt-rating-cut-to-one-step-above-junk-by-moody-s
|
S&P Global Ratings on Wednesday lowered its preliminary long-term issuer credit rating on Future Retail and the preliminary long-term issue rating on the company's $500-million senior secured notes to 'CCC-' from 'B-'. The rating action was lowered because S&P believes that Future Retail's liquidity position has weakened due to the extended lockdown in the country due to the novel coronavirus. In March, the Bombay High Court had given relief to the Future Group company and restrained IDBI Trusteeship Services from selling the pledged shares in Future Retail until further orders. Future Corporate Resources and Rural Fairprice Wholesale had approached the court to restrain IDBI Trustee from selling the pledged shares. Future Retail's share price has fallen from Rs 350 on the date of transaction to Rs 303 at the start of March, a senior counsel had argued in court on behalf of the Future Group.
|
negative
|
www.financialexpress.com
|
https://www.financialexpress.com/industry/sp-lowers-future-retail-rating-on-liquidity-position/1937878
|
NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Elanco Animal Health Incorporated (NYSE:ELAN) for potential violations of the federal securities laws. If you invested in Elanco, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/elanco-animal-health-incorporated. Why Did Elanco's Stock Drop? Elanco develops products to treat diseases in animals. Two of the most important treatments in the company's development pipeline are currently being reviewed by the U.S. Food and Drug Administration ("FDA").
|
negative
|
www.globenewswire.com
|
https://www.globenewswire.com/news-release/2024/07/31/2921683/0/en/ELAN-INVESTOR-ALERT-Elanco-is-being-Investigated-for-Securities-Fraud-by-BFA-Law-Investors-that-Suffered-Losses-are-Notified-to-Contact-the-Firm-NYSE-ELAN.html
|
Duff & Phelps Credit Rating Co. evaluates each pool on the basis of individual loan characteristics and determines credit support levels based on defined and published factors and multiples. As the credit quality of pool deteriorates, credit support levels for each rating level will increase. Ironically, despite the declines in mortgage pool characteristics, some transactions not rated by Duff & Phelps are being issued with lower credit enhancement or higher ratings. Duff & Phelps warns investors not to conclude that. lower levels of credit enhancement on those transactions indicate better credit quality. On the contrary, Duff & Phelps believes credit enhancement levels should be higher on those transactions to reflect a reduced level of asset quality.
|
negative
|
www.americanbanker.com
|
https://www.americanbanker.com/news/loan-quality-falls-as-competition-boosts-risk
|
(Views expressed in this article do not necessarily reflect policy of the Mortgage Bankers Association, nor do they connote an MBA endorsement of a specific company, product or service. MBA NewsLink welcomes your submissions. Inquiries can be sent to NewsLink Editor Mike Sorohan at [email protected] or NewsLink Editorial Manager Michael Tucker at [email protected] .)
|
neutral
|
newslink.mba.org
|
https://newslink.mba.org/mba-newslinks/2021/december/mba-newslink-friday-dec-3-2021/sneak-peak-kbra-analysts-look-to-2022-commercial-mortgage-backed-securities-sector
|
That's a trend Fair Isaac Corp., the company behind the popular FICO credit score, wants to help mitigate with the launch of their new FICO Resilience Index on Monday. Similar to a credit score, FICO's new index looks at credit bureau information such as how much credit consumers are using, payment history, number of accounts open, the length of your credit history and the amount you currently owe. But while a credit score is designed to predict a borrower's credit risk without regard to the current economic environment, the FICO Resilience Index uses those same factors to examine a borrower's ability to financially weather periods of economic disruption or volatility.
|
neutral
|
www.cnbc.com
|
https://www.cnbc.com/2020/06/29/fico-launches-new-score-that-calculates-financial-resiliency.html?__source=twitter%7Cinternational
|
In addition to private equity funds managed by Blackstone, other existing investors in Cloverleaf include the Kaplan and Feiges families, the Rumsey family and Medley Management. Wells Fargo Securities and Deutsche Bank Securities Inc. are acting as exclusive financial advisors to Cloverleaf and Blackstone. Kirkland & Ellis LLP is acting as legal advisor to Cloverleaf and Blackstone. About Blackstone Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with $512 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis.
|
neutral
|
picante.today
|
https://picante.today/business-wire/2019/05/02/26040/blackstone-closes-sale-of-cloverleaf-cold-storage-to-americold-realty-trust
|
Fitch Ratings has assigned Garanti Diversified Payment Rights Finance Company's (Garanti DPR) notes a rating of BBB-/Negative, the rating agency said on March 11.
|
negative
|
www.intellinews.com
|
https://www.intellinews.com/turkey-s-garanti-bankasi-secures-150mn-of-5-year-financing-157801
|
On Monday, January 26, global credit ratings agency Standard & Poor's, or S&P, downgraded Russia's sovereign debt to junk level. S&P lowered its long- and short-term foreign currency sovereign credit ratings on the Russian Federation to non-investment grade BB+ from investment grade BBB-.The outlook for long-term ratings is negative. Russia's rating now stands on par with countries such as Turkey and Indonesia. The news of the downgrade caused a 7.4% slide in the VanEck Vectors Russia ETF (RSX) and a 6.3% decline in the iShares MSCI Emerging Markets Eastern Europe ETF (ESR). The RSX portfolio is invested up to 84% in Russia, while ESR's portfolio is invested up to 61.17% in Russian equity.
|
negative
|
marketrealist.com
|
https://marketrealist.com/2015/01/russias-sovereign-credit-ratings-downgraded-junk
|
The downgrade to A1 from Aa3 reflects a vulnerable economic profile indicated by a local labor market struggling to recover recessionary losses, according to Moody's. However, this is balanced by a moderate debt burden and healthy financial position. Explore MORE: Butler County bond refinancing to net $800,000-plus savings Middletown's credit strengths include a healthy financial position, with total liquidity providing a satisfactory cushion to the city's dependence on local income taxes, according to the Moody's report. Draft 2016 figures indicate a $600,000 increase to available fund balance, a key driver of the positive result is the continued growth in local income taxes.
|
negative
|
www.journal-news.com
|
http://www.journal-news.com/news/moody-says-middletown-finances-healthy-but-bond-rating-downgraded/OeUG6975no2AghTN0TMinJ
|
In a note last week to employees, Boeing Co. Chief Executive Jim McNerney wrote that the world's biggest aerospace company by sales is "well positioned" to weather the financial turbulence because it has a solid credit rating and a big backlog of commercial airplane orders. But addressing how the government's financial-industry bailout might affect Boeing's more than $30-billion-a-year defense business, Mr. McNerney said: "No one really yet knows when or to what extent defense spending could be affected, but it's unrealistic to think there won't be some measure of impact."
|
neutral
|
insidedefense.com
|
https://insidedefense.com/insider/insider-daily-digest-oct-6-2017/?page=1005
|
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