Hints and tips:
...From an exhibit attached to an S-1 it filed last year: PishPosh Baby LLC (“Borrowed’) promises to pay Moishe Hartstein (“Noteholder”) in lawful money of the United States of America, the amount of $1,000,000.00...
...S&P has rated the bonds single-B minus, among the riskiest ratings it assigns....
...The bumper debt deal will leave Medline with a high debt-to-earnings ratio of around seven times, according to rating agencies S&P Global and Moody’s....
...Stock markets in both regions have continued to advance this year, with the benchmark Euro Stoxx 600 marginally outpacing the S&P 500....
...The downgrade — to triple B minus, from the triple B issued in August — follows similar reductions earlier this month from S&P’s fellow agencies Moody’s and Fitch, although their ratings remain higher at...
...have greater risk of falling off the edge quicker, but I don’t believe it will be the Armageddon that everyone thinks,” said Perry Mandarino, head of restructuring and co-head of investment banking at B...
...And you don’t hear much complaining when the industry does beat the S&P, as was the case in 2018....
...The triple B rating from S&P follows its first onshore grade of triple A, given earlier this month to a subsidiary of ICBC, the country’s biggest bank....
...I think that B assets are getting priced like A assets and A assets are getting priced like A+ assets,” he says....
...In the case of the single B sector, the absence of EM&M entails a tightening of 50bp since triple C and single B traded at their narrowest spread in late-April....
...Back in October, the rating agency left Italy a notch above the dreaded junk ranking at triple B, one step above Moody’s and in line with Fitch....
...All views expressed are those of the author(s) and should not be taken as reflecting the views of the Financial Times....
...Citing public and political pressure and potential wildfire liabilities, S&P downgraded the company’s credit rating to B from the investment grade level of BBB- and threatened to cut it again by one notch...
...While the Argentine peso steadied on Friday after a savage drop on Thursday, S&P put the country’s B+ credit rating on “creditwatch negative”, which reflects “the risk of worsening creditworthiness due to...
...One is that Moody's had the most negative rating on the bond -- Fitch rates the bond at BB-, while S&P have it a B+....
...Despite a retained deficit of $2.4 billion and an S-1 stating “we have incurred significant losses in the past and do not expect to be profitable for the foreseeable future,” its shares were oversubscribed...
...S&P lowered the country’s foreign currency sovereign credit rating to BB-/B from BB/B — leaving it two notches below investment grade. The outlook on the rating is stable....
...Its B shares carry 10 votes for every class-A vote....
...S&P Global Ratings on Friday upgraded Greece’s long-term sovreign credit rating by one notch to B from B-’ leaving it below investment grade but with a positive outlook....
...In a ratings report on New Zealand asset finance group UDC – which HNA is in the process of buying – the ratings agency said that it had cut this credit profile from B+ to B....
...Altice held on to its B+ long-term credit rating, but the negative outlook implies at least a one in three chance that the rating will be cut in the next 12 months....
...S&P last week cut Swissport’s rating one notch to B-, deeply in “junk” territory, citing the “aggressive acquisition policy, tolerance for high leverage, and contracting liquidity” of HNA....
...S&P cut the company’s rating one notch to B-, deeply in “junk” territory....
...Portugal won back one of its investment grade status on Friday, with S&P raising its rating on the country by a notch from BB+/B to BBB-/A-3....
...Pakistan is rated B3 by Moody’s and B by S&P and Fitch....
International Edition