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...Popular as a way to ensure smaller businesses get paid up front, the bills have evolved into a key channel for liquidity and credit in the past five years....
...The investor group also includes private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017....
...Berkshire bulls might object that the company has delivered slightly better performance than the S&P since 2019: 15.7 per cent annually to the S&P’s 14.1....
...This is roughly comparable to average default rates observed in companies that receive a B credit rating from S&P (3.4 per cent) and a B3 from Moody’s (4 per cent)....
...That’s really problematic for the rest of us,” said John Duncan, co-lead for the Business Coalition for a Global Plastics Treaty, a group of more than 200 companies including Walmart, PepsiCo, and L’Oréal...
...Goldman estimates that the median short interest in S&P 500 companies is still remarkably low at 1.7 per cent, but is up from 1.5 per cent at the end of 2021....
...Growth in unsecured lending in India now forms nearly 10 per cent of total banking sector loans, according to S&P Global Ratings, which labelled the amount “excessive” in a March report....
...(Alphaville believes that using L’Oréal as an O is cheating, even if it makes your acronym look nicer.)...
...In the 2000s, before global interest rates sank to close to zero following the financial crisis, thinly traded and under-analysed stocks had on average outperformed the biggest companies....
...Smaller, standalone credit card companies such as Bread Financial look most vulnerable, suggests S&P Global. Subprime borrowers account for about 43 per cent of Bread’s balances last year....
...owners, including flexibility in how they manage acceptance of card programmes.”...
...Ørsted, the world’s largest offshore wind developer, has been threatened with a downgrade by credit rating agency S&P after taking huge writedowns on its US projects this week.S&P Global Ratings said it...
...S&P Global warned in November of a “poverty trap” in low-income countries hit by climate change....
...So a new report from S&P Global Ratings on payment-in-kind bonds – aka PIKs – is going to really irritate them....
...The crunchy acronym was coined by Goldman Sachs for pharma companies GSK and Roche, Dutch chip company ASML, Switzerland’s Nestlé and Novartis, Danish drugmaker Novo Nordisk, France’s L’Oréal and LVMH, the...
...L&G said it had reported “no material property or credit writedowns” in the first half of 2023, and has had zero defaults on the credit backing its annuities since 2010....
...According to S&P Global Ratings, average discounted loan recoveries for 2022 to 2023 were just 61.5 cents on the dollar, nearly 12 percentage points below their long-term average to the end of September....
...Ørsted, the world’s largest offshore wind developer, has been threatened with a downgrade by credit-rating agency S&P after taking huge writedowns on US projects it abandoned this week.S&P Global Ratings...
...In its annual report, the company argued it should be measured against large financial-data providers such as US-based S&P Global, and that higher pay is necessary to hire and retain executives....
..., UK, US: S&P Global/HCOB services purchasing managers’ index (PMI) figures Indonesia: Q4 GDP figures Mexico: Constitution Day holiday....
...We’ll just note that S&P currently rates Paramount Global one notch above junk with a stable outlook....
...He is currently a partner and chief economist at Apollo Global. He spoke with Unhedged last week....
...Vince, founder of energy company Ecotricity, is expected to donate £5mn to the opposition party. Here are more details from the case....
...University of California, San Diego, for example, returned a leading 11 per cent in fiscal 2023 by virtue of its nearly one-third allocation to the S&P 500....
...So it was fascinating to see this chart in the latest edition of the Credit Suisse UBS Global Investment Returns Yearbook 2024 (a summary edition of which is available online): The data looks a little different...
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