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...Rating agency S&P downgraded the company three notches on Thursday to triple C on “non-payment risk” and estimated it had only $200mn, or half the required funds, currently available....
...The other three are Mike Ashley’s Frasers Group, F&C Investment Trust and Unite Group....
...And in Citizens United vs F.E.C., it ruled that corporations had a First Amendment right to spend money on elections....
...Campaigners and politicians have also called for curbs on executive pay as the gulf widens between the C-suite and lower level employees....
...Upcoming highlights this week include Maggie O’Farrell, Michael Morpurgo, Abi Elphinstone, Louise Minchin and Peter Stothard. On until October 1....
...S&P Global Ratings downgraded Evergrande this month to triple C, deeper into speculative grade territory, as it noted a recent rise in contractor disputes....
...By June next year, S&P Global is predicting the US default rate will rise to 4.5 per cent, up from 1.7 per cent at the start of 2023....
...Big global equity trusts F&C (FCIT), Brunner (BUT) and Alliance Trust (ATST) have all outperformed the MSCI World index in the past year, thanks to their portfolios having less exposure to underperforming...
...A motivational speech commonly attributed to preacher Eric Thomas....
...Among those invited were Barclays chief C.S....
...The initiative also helps to save lions and rhinos and, most recently, koalas in Australia through the Wildlife Conservation Network. tiffany.com F is for Fashion ExpressionsPrada Group has partnered with...
...C Coaching After Wimbledon, the men’s tour will trial allowing coaching during matches....
...S&P downgraded its ratings on Evergrande’s bonds from B plus in January to double C by September, before they were removed at the request of the company last week....
...Fitch on Wednesday became the latest group to issue a warning, slashing Evergrande’s foreign currency credit rating from triple C plus to double C and saying that a default of some kind “appears probable...
...Aside from Evergrande, Guangzhou R&F has been one of the developers to come under the most scrutiny....
...S&P lowered its rating of the company, which has $88m in coupon payments due by Friday, to triple C minus, saying it “may not be able to service its debt in time” and pointing to a potential debt restructuring...
...In its final report on Oceanwide early last year, S&P lowered its rating to triple C and warned of the “rising repayment risk of Oceanwide’s near-term debt maturities”....
...Fantasia was last week downgraded to triple C by S&P, which noted “heightened execution risk on repayment” in relation to the bond due on Monday....
...S&P Global Ratings the same month downgraded the company’s credit rating to triple C, deeper into speculative territory....
...S&P estimates Rmb100bn ($15.4bn) of them come due this year....
...Reporting by Thomas Hale, Wang Xueqiao and William Langley...
...S&P Global Ratings cut the company’s rating by two notches to triple C this month....
...Late on Thursday, S&P Global Ratings downgraded Evergrande for the second time in weeks to triple C minus, deeper into speculative grade, and said that the developer’s liquidity position was “eroding more...
...But the overall combined ratio for the P&C business — claims and expenses as a proportion of income — came in at 95.2 per cent, a 1.3 percentage point year-on-year improvement....
...Sony, Japan’s tech giant, obtained the highest score, but the grade was nothing to be proud of: C+....
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