Latest Credit rating Stories
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...
LONDON, April 16 2013 /PRNewswire/ -- Western European CDS spreads have experienced a relatively stable quarter, despite receiving news that Cypriot banks - after taking a hit on their investment in Greek bonds - were insolvent, according to S&P Capital IQ's latest quarterly Global Sovereign Debt Credit Risk Report. A last minute bail out of Cyprus prevented a default as upfront prices fluctuated 7pts towards the end of the quarter. However, default risks remain high at 70%...
- The rating outlook was revised from "stable" to "positive" BOGOTA, Colombia, March 11, 2013 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) reports that the credit rating agency Fitch Ratings has maintained its international ratings for both the company's local and foreign currency at BBB and BBB- respectively, and has revised the rating outlook from "stable" to "positive." The improved rating outlook for Ecopetrol S.A. is consistent with the change that...
TEL AVIV, Israel, January 7, 2013 /PRNewswire/ -- Elbit Imaging Ltd. ("EI" or the "Company") (TASE, NASDAQ: EMITF) announced today, that Midroog Ltd., an affiliate of Moody's Investors Services, has decided to change the rating of all of the Company's Series A thought Series G Notes and Series 1 Notes, which are traded on the Tel Aviv Stock Exchange, from "Baa3/Negative" credit rating, to "B2" credit rating on credit watch. About Elbit Imaging Ltd. Elbit Imaging...
BOGOTA, Colombia, Dec. 12, 2012 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) announces that the credit rating agency Standard & Poor's has maintained the company's international foreign currency rating at BBB- with a "positive" outlook. This rating encompasses the issuances of debt by Ecopetrol S.A. in international markets. With these ratings, the company retains its investment grade status. (Logo: http://photos.prnewswire.com/prnh/20090209/ARM001LOGO ) The...
HOCKESSIN, Del., Nov. 26, 2012 /PRNewswire-USNewswire/ -- ACTS Retirement-Life Communities announced today that Fitch Ratings services has given its affiliate Peninsula United Methodist Homes, Inc. (PUMH), a Delaware-based owner of three continuing care retirement communities (CCRCs), a positive assessment of its financial health by affirming its 'BBB' credit rating and upgrading its rating outlook from Stable to Positive. According to Fitch, the rating assessment of PUMH reflects...
PITTSBURGH, Nov. 20, 2012 /PRNewswire/ -- Mylan Inc. (Nasdaq: MYL) today reported that Moody's Investors Service ("Moody's") has upgraded the company's credit ratings to Baa3 from Ba1 and that Standard & Poor's Ratings Services ("S&P") has upgraded the company's credit ratings to BBB- from BB+. Mylan also announced today that its Board of Directors has approved the repurchase of up to $500 million of the company's common stock in the open market or through other methods....
CELAYA, Guanajuato, Mexico, Aug. 29, 2012 /PRNewswire/ -- Industrias Bachoco S.A.B. de C.V. ("Bachoco" or "the Company") (NYSE: IBA; BMV: Bachoco), Mexico's leading producer and processor of poultry and other food products, announced today that it has successfully issued bonds for Ps. 1,500 million through the public issuance of local bonds ("Certificados Bursatiles") in the local debt capital markets for a tenor of 5 years, maturing in 2017. The bonds issued by Bachoco will have interest...
TEL AVIV, Israel, August 20, 2012 /PRNewswire/ -- Elbit Imaging Ltd. ("EI" or the "Company") (TASE, NASDAQ: EMITF) announced today, that Midroog Ltd., an affiliate of Moody's Investors Services, has decided to change the rating of all of the Company's Series A thought Series G Notes and Series 1 Notes, which are traded on the Tel Aviv Stock Exchange, from "Baa1/Negative" credit rating, to "Baa3/Negative" credit rating. About Elbit Imaging Ltd. Elbit Imaging Ltd....
SCHAUMBURG, Ill., Aug. 8, 2012 /PRNewswire/ -- Experian Automotive today announced that consumers continued to make timely automotive loan payments in Q2 2012, lowering the average delinquency rate across all lending organizations, including banks, captive finance arms, finance companies and credit unions. The analysis showed that the 30-day delinquency rate was 2.52 percent, compared to 2.59 percent in Q2 2011, and the 60-day delinquency rate was 0.58 percent in Q2 2012, down...
