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...of B&V rather than an expert group not previously associated with Drax....
...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)....
...The group’s purchase of the bonds tied to Nielsen underlines the group’s appetite for junk-rated debt....
...The complexity of Thames Water’s capital structure means that bondholders are now jostling for position, with rival groups banding together and hiring restructuring advisers....
...“It’s heavily skewed towards stuff . . . that’s been downgraded over time from single B.” Triple C issuers listed on Ice BofA’s index include Dish, the TV group that recently merged with EchoStar....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...Communications Q1 Tuesday Bank of England chief economist Huw Pill speaks at the London campus of the University of Chicago, Booth School of Business EU, France, Germany, India, Italy, Japan, UK, US: S&P...
...In contrast, the S&P 500’s price-to-book ratio is close to the record 5 times it touched in 2021 and 2000 (the Nasdaq’s P/B ratio is close to 7.5 times)....
...You can get a deal done for a double-B senior loan at a 300-350bp spread all day long. That market’s wide open....
...The P/B ratio measures the market value relative to its book value....
...It will bring together senior leaders from North America’s leading asset and wealth management firms, including Capital Group, BlackRock and Goldman Sachs....
...However, the vast majority are single B rated or double B rated borrowers, who should have access to capital. Lower-rated companies, however, may struggle with refinancing....
...Kiran Raichura, property economist at Capital Economics, projects a peak-to-trough price decline across property types of about 20 per cent....
...The IEA forecasts crude consumption to increase by 1.3mn barrels per day this year while Opec this week maintained its growth estimates of 2.25mn b/d for 2024....
...While the Rio de Janeiro-based group was given priority over the pre-salt resources and dominates the activities, it operates many fields in consortiums with international groups such as Shell, TotalEnergies...
...The US Energy Information Administration estimates average prices of about $83/b for the year....
...“They’ve been burning cash throughout the last year or so,” said Oliver Vande Stouwe, an analyst at S&P....
...Polman, Branson and Brodin are all members of the B Team, a group of corporate veterans founded to promote responsible business....
...The downgrade from double B plus, S&P’s highest non-investment grade, to double B came after SoftBank’s tech-heavy Vision Funds this month posted record annual investment losses of $39bn....
...Across weaker companies and weaker properties, capital structures and valuations need updating, but not every B-grade office building is facing the bulldozer....
...B&V was also selected by Drax in 2021 to help the company with research, engineering and technical support over a three-year period.Under the UK rules, at least 70 per cent of a power generator’s woody biomass...
...A number of once-small US-based buyout groups such as Vista, Thoma Bravo, Platinum Equity, HIG Capital, Insight Partners and Clearlake Capital expanded rapidly but now face their first financial downturn...
...H1, ArcelorMittal FY, AstraZeneca Q3, Auto Trader H1, B&M European Value Retail H1, Flutter Entertainment Q3, Leonardo Q3, National Grid H1, News Corp Q1, Pirelli Q3, SoftBank Q2, Sony Group Q2, Tate &...
...to the website of B Lab, the non-profit group that runs the certification programme....
...Then, starting in 2013, Gilead of the US delivered a series of breakthrough treatments for hepatitis B....
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