Hints and tips:
...a small investment company....
...French car parts manufacturer Faurecia, rated BB+, was able to raise €800m from domestic banks last week, for example....
...In our view, this protracted bid process has not delivered fair value to RPC’s shareholders,” said David Cumming, chief investment officer for equities at Aviva Investors....
...RPC, which makes bottle caps, asthma inhalers and paint pots, floated in 1993 and has expanded rapidly by acquisition to reach annual turnover of £3.75bn, with pre-tax profits of £316.6m....
...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....
...S&P rates South Africa’s foreign currency debt at BB, two notches below investment grade. Mr Zuma’s eight years in office were characterised by scandals, corruption allegations and stagnant growth....
...S&P also trimmed the rating on South Africa’s international debt on Friday by one notch, to BB, moving it deeper into non-investment grade territory, sometimes known as junk....
...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....
...SoftBank carries junk ratings of Ba1 and BB+ from Moody’s and S&P respectively, while the domestic Japan Credit Rating Agency pegs it far higher at an investment grade A- level....
...However BB+ remains within the non-investment grade category....
...Says Win Thin, global head of emerging markets strategy at US bank BBH: With S&P quickly cutting Turkey to BB with a negative outlook, one more downgrade by either Moody’s or Fitch would likely lead to...
...The ratings agency lowered its credit rating on IEP from ‘BBB-’ to ‘BB+’ – or one notch into junk territory, citing declining investment values across the firm’s portfolio holdings, lower cash and higher...
...Fosun has aimed to copy the success of Warren Buffett by using its insurance operations to provide fresh investment capital for new deals....
...S&P on Tuesday lowered its outlook on Fosun International’s BB-minus rating to negative, illustrating that even rating agencies cannot agree on the risks of a debt-fuelled deal spree....
...Since the failed coup, S&P has already downgraded Turkey’s credit rating deeper into junk to an all-time low of BB, while Moody’s has put its investment grade status on review for a potential downgrade....
...S&P and Moody’s still have investment grade ratings on the company’s debt....
...New York-based S&P reduced the group’s rating on Thursday to “BB+” from “BBB-” on concerns that its ” weakened operating performance” may last for another year at a minimum....
...Moody’s on Wednesday moved to strip Brazil of its coveted investment grade rating, making it the last of the Big Three ratings agencies to do so....
...Around two-fifths of the companies rated by S&P are judged investment grade....
...Bahrain has been stripped of its investment grade credit rating by Standard & Poor’s amid the swoon in crude prices which is now in its twentieth month....
...S&P cut Brazil’s rating to BB from BB+, as it warned that the country remains at risk of further erosion of its creditworthiness....
...Fitch Ratings said Noble Group should have “sufficient” liquidity as it affirmed its investment grade rating on Thursday....
...The average corporate rating fell by about half a notch at the end of 2015 to between ‘BB+’ and ‘BB’, from that in 2008. Around two-fifths of the companies rated by S&P are judged investment grade....
...The rating agency lowered Casino’s long-term debt by one notch to BB+ on Monday as it called attention to the group’s “significantly weaker than expected” results last year and difficulties in its French...
...S&P said it was lowering its rating on Hong Kong-headquartered Noble to BB+ – which is below investment grade – from BBB-, and put it on review for a further downgrade....
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