Hints and tips:
...The last big merger between two banks occurred almost five years ago, when regional lender BB&T bought SunTrust for about $28bn in a $66bn deal, forming Truist....
...The first being the $66bn deal between BB&T and SunTrust, which decided to go by the unfortunate name Truist. Here’s what the deal tells us....
...French car parts manufacturer Faurecia, rated BB+, was able to raise €800m from domestic banks last week, for example....
...This was followed by a downgrade by Standard and Poor’s, which then cut Casino’s financial rating from BB negative outlook to BB- negative outlook, pushing the retailer’s rating further into junk territory...
...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+....
...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....
...It also sliced the rating on South Africa’s international debt further into the speculative category, to BB from BB+....
...The downgrade will see DWCP’s credit rating lowered to BB from BBB- and Wanda HK to ‘BB- from BB+....
...The more important move was cutting the country’s local currency credit rating from BBB to BB+, meaning that too is now considered speculative....
...The agency, which already rates South Africa speculative-grade, kept its rating on hold at BB+ and said that, “while a number of developments point to a weaker fiscal outlook and consequent faster pace of...
...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....
...Ratings agency S&P Global said on Thursday it was raising the US airline’s corporate credit rating one notch, from BB+ to BBB-, lifting it out of junk territory....
...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....
...Bahrain is rated BB- by S&P and BB+ by Fitch, both with a negative outlook. BNP Paribas, Citigroup, Gulf International Bank, JP Morgan and National Bank of Bahrain acted as bookrunners....
...The ratings agency said JLR’s ratings remained constrained by those on its Indian parent company although these too have been lifted to BB+ from BB....
...On Wednesday as the shares sank 20 per cent under a glut of sell orders, and Japanese agency R & I downgraded Toshiba’s credit rating from BBB minus to BB, Tokyo traders said the market was trying to price...
...The agency maintained its long-term rating on the country at BB+, leaving it in junk territory....
...S&P retained its BB- rating on CGD, keeping the lender on credit watch but with a positive outlook....
...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...
...Ratings agency Standard & Poor’s has downgraded its long-term corporate credit rating on Mitsubishi Motors by two notches to BB minus, following the Japanese carmaker’s scandal over falsified fuel-consumption...
...S&P on Tuesday switched its outlook on Fosun International’s BB-minus rating to negative. That comes just a month after rival Moody’s went from negative to stable, writes Jennifer Hughes....
...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...
...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 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....
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