Latest Credit rating agency Stories
But Will High Quality Get Tight Credit Spreads They Deserve? NEW YORK, May 21, 2013 /PRNewswire/ -- According to a Securities and Exchange Commission filing, three Ohio subsidiaries of FirstEnergy Corp. - The Cleveland Electric Illuminating Company, Ohio Edison Company and The Toledo Edison Company - are planning to offer up to $505 million of Pass-Through Certificates. The certificates represent undivided interests in a trust that includes debt instruments issued by three separate...
MUMBAI, India, May 13, 2013 /PRNewswire/ -- Rolta India Limited ("Rolta") today announced the successful pricing of 10.75% Senior Notes (the "Notes") in the international markets, aggregating to USD 200 million by its wholly owned subsidiary, Rolta, LLC. This offering was oversubscribed by 2 times, with demand from a high quality investor base (over 70 accounts globally), split among asset managers (72%), banks (10%), and retail accounts (18%). The offering was well-subscribed across...
WASHINGTON, May 9, 2013 /PRNewswire/ -- Next Tuesday's Securities and Exchange Commission Credit Ratings Roundtable will include open source ratings advocate, Marc Joffe. A former Senior Director at Moody's Analytics, Joffe has been using open source technologies to evaluate sovereign and municipal bond issuers since last year. Recently, Joffe's group, Public Sector Credit Solutions, developed a credit scoring model for California cities at the request of a unit of the State...
MONTREAL, May 9, 2013 /CNW Telbec/ - Air Canada announced today the closing of its previously announced private offering of three tranches of enhanced equipment trust certificates, in the aggregate face amount of U.S. $714,534,000. The private offering is comprised of Class A certificates, Class B certificates and Class C certificates. The Class A certificates have an interest rate of 4.125% per annum and a final expected distribution date of May 15, 2025. The Class B certificates...
AKRON, Ohio, March 19, 2013 /PRNewswire/ -- The Board of Directors of FirstEnergy Corp. (NYSE: FE) today declared an unchanged quarterly dividend of 55 cents per share of outstanding common stock. The dividend will be payable June 1, 2013, to shareholders of record as of May 7, 2013. FirstEnergy is a diversified energy company dedicated to safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric...
TORONTO, March 18, 2013 /PRNewswire/ - Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA: PREB) is pleased to announce that one of its credit rating agencies has recently upgraded the Company's credit rating. On March 15, 2013, Standard & Poor´s Rating Services raised its corporate credit and senior unsecured debt rating on Pacific Rubiales Energy Corp. to "BB+" from "BB". The rating outlook is stable. "The upgrade is based on the Company's improved...
MORRISTOWN, N.J., March 14, 2013 /PRNewswire/ -- Jersey Central Power & Light (JCP&L) announced today that it will join the New Jersey Preparedness Emergency Communication Network which is expected to help provide quicker responses during emergencies in northern New Jersey and better coordinate the actions of first responders during major storms. JCP&L is the first New Jersey utility to join the emergency communications system network. (Photo:...
AKRON, Ohio, March 1, 2013 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) today announced that the financing condition related to the previously announced tender offers by FirstEnergy Solutions Corp. ("FES") and Allegheny Energy Supply Company, LLC ("AE Supply" and together with FES, the "Companies") to purchase for cash any and all outstanding 5.75% Notes due 2019 issued by AE Supply, any and all outstanding 6.75% Notes due 2039 issued by AE Supply, any and all outstanding 6.80% Senior...
NEW YORK, Feb. 4, 2013 /PRNewswire/ -- Standard & Poor's Rating Services ("S&P"), a subsidiary of The McGraw-Hill Companies, Inc. (NYSE: MHP) today disclosed that the Civil Division of the United States Department of Justice ("DOJ") has informed the Company that it intends to file a civil lawsuit against S&P focusing on its ratings in 2007 of certain U.S. collateralized debt obligations ("CDOs"): "A DOJ lawsuit would be entirely without factual or legal...
ATLANTA, Dec. 27, 2012 /PRNewswire/ -- Jan. 1 is just around the corner, meaning it's time to start thinking about resolutions for the new year, and for many, that involves better money management. As 2013 approaches, Equifax is sharing tips to help take control of your finances, including your credit, in the coming year. (Logo: http://photos.prnewswire.com/prnh/20060224/CLF037LOGO) One of the most important ways to become empowered financially is to reduce debt. First, get honest...
