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....
...Mr Ramaphosa, who took over as head of state in February after the ruling African National Congress forced Mr Zuma to resign, has vowed to fight corruption and appointed technocrats to important financial...
...South Africa has one of deepest financial markets across emerging economies....
...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....
...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....
...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....
...“What really makes this unique is that this is truly an exploration project,” Tim Duncan, president and chief executive of Talos, the block’s operator, told the Financial Times....
...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....
...Toshiba is expected to turn to Sumitomo Mitsui Financial Group and Mizuho Financial Group, its main banks, for support once the scale of the impairment loss is calculated....
...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 said that the group’s non-financial assets accounted for 45 per cent of its total assets, but 81 per cent of its revenues at the end of last year....
...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...
...According to S&P, Fosun’s non-financial assets accounted for 45 per cent of its total assets, but 81 per cent of its revenues at the end of last year....
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