Core Insights - Moody's (MCO) is expected to report its fourth-quarter and full-year 2025 results on February 18, with a focus on revenue growth across its divisions [1][9]. Corporate Finance - The Corporate Finance line, the largest revenue contributor within the Moody's Investors Service (MIS) division, is projected to see a revenue increase of 22.7% year-over-year, with estimates at $467.4 million, driven by healthy bond and loan issuance volumes [3][9]. - Global bond issuance activity remained robust in the fourth quarter, despite seasonal slowdowns in December, supporting issuance volumes [2]. Financial Institutions and Other Business Lines - The Financial Institutions business line is estimated to generate revenues of $173.4 million, reflecting a year-over-year increase of 3.8% [4]. - Public, Project, and Infrastructure Finance revenues are expected to reach $139.1 million, indicating a growth of 20.1% [4]. Structured Finance - Structured Finance revenues are anticipated to rise to $149.8 million, suggesting an 8.5% increase, supported by strong issuance volumes in collateral debt obligations and asset-backed securities [5]. Moody's Analytics Division - The Moody's Analytics (MA) division is projected to report revenues of $945 million, representing a 9.1% growth year-over-year, driven by rising demand for analytics and efforts to enhance profitability [6][7]. Overall Revenue and Earnings Expectations - The total revenue for the MIS division is expected to be $993.9 million, indicating a 15.8% year-over-year rise [5][9]. - The consensus estimate for earnings is pegged at $3.46, reflecting a 32.1% increase from the previous year [11]. 2025 Outlook - Moody's anticipates adjusted earnings per share between $14.50 and $14.75, with GAAP earnings projected at $13.15 to $13.40 per share, and expects revenue growth in the high-single-digit percent range for both MIS and MA segments [13].

Group 1 - Caisse Française de Financement Local plans to issue €100,000,000 Fixed Rate Obligations Foncières on 11 February 2026, which will be assimilated with an existing issue of €500,000,000 due 20 January 2042 [2] - The new issuance is part of the €75,000,000,000 Euro Medium Term Note Programme established in June 2025 [1] - A Stabilisation Manager has been appointed for the issuance as per the Final Terms [2] Group 2 - The Base Prospectus and Final Terms for the issuance are accessible on the Issuer's website, the AMF website, and the Luxembourg Stock Exchange website [3]

Group 1 - SATO Corporation issues EUR 50 million of unsecured notes to refinance existing indebtedness and for general corporate purposes [1] - The notes are issued under the Company's EMTN programme as an increase to the existing bond maturing on 12 June 2030, with an issue price of 95.332% and an issue date of 13 February 2026 [1] - OP Corporate Bank plc acted as the dealer for the bond issue [2] Group 2 - SATO Corporation is one of Finland's largest rental housing providers, owning around 27,000 rental homes in the Helsinki Metropolitan Area, Tampere, and Turku [3] - The company aims to provide excellent customer experience and a comprehensive range of urban rental housing alternatives with good access to public transport and services [4] - SATO promotes sustainable development and works in open interaction with stakeholders, investing profitably and sustainably with a long-term view [4]

Global publicly syndicated bond issuance has reached $1 trillion in record time as borrowers seize soaring demand to lock in relatively cheap costs https://t.co/vchfIMpK8V ...

Brazil will tap international markets more often in 2026 with bond issuances denominated in Chinese renminbi, its national treasury said in a plan released Wednesday. https://t.co/saI6knPPbN ...

Angola is weighing plans to issue a $1.7 billion bond on international capital markets this year https://t.co/5eJ45uBd4p ...

Gulf countries accelerated bond issuance in January as investors shifted toward emerging markets https://t.co/LhAA2lkuKX ...

Core Viewpoint - Crédit Agricole Assurances is launching a buyback offer for two series of subordinated fixed-rate bonds and intends to issue new Tier 2 subordinated notes, subject to market conditions [1][6]. Group 1: Buyback Offer Details - The buyback offer targets two series of subordinated bonds issued in 2016 and 2018, each with a principal amount of €1 billion, with fixed annual interest rates of 4.75% and 2.625% respectively [2][3]. - The buyback offer will commence on January 8, 2026, and conclude on January 15, 2026, at 16:00 Central European Time [4]. - The maximum acceptance amount for the buyback will be determined by Crédit Agricole Assurances and may be adjusted at their discretion [3]. Group 2: New Subordinated Notes - The new subordinated notes are expected to be eligible as Tier 2 capital under Solvency II and are anticipated to be rated BBB+ by S&P Global Ratings [6]. - The new notes will have a fixed interest rate and are set to mature in December 2036 [1][6]. Group 3: Company Overview - Crédit Agricole Assurances is the leading insurer in France, offering a range of insurance products and services, and had a revenue of €43.6 billion in 2024 [8]. - The company employs over 6,700 staff and distributes its products through the Crédit Agricole banking group in France and nine other countries [8].

Group 1 - L'Oréal has successfully priced a bond offering totaling €1.750 billion, consisting of three tranches [1][2] - The proceeds from the bond will be utilized for general corporate purposes, including financing an additional 10% stake in Galderma [1] - The bonds are expected to receive ratings of AA (Stable) from S&P and Aa1 (Stable) from Moody's, and will be traded on Euronext Paris starting January 12, 2026 [2] Group 2 - The bond offering includes a €650 million 2-year floating rate bond with a coupon of Euribor 3M + 20bps p.a., a €500 million 3-year fixed rate bond with a coupon of 2.5% p.a., and a €600 million 6-year fixed rate bond with a coupon of 2.875% p.a. [6] - L'Oréal generated sales of €43.48 billion in 2024, supported by a workforce of over 90,000 employees and a diverse geographical presence [4] - The company has been recognized as the most innovative company in Europe by Fortune magazine in 2025, highlighting its commitment to innovation across various industries [5]

Core Viewpoint - Orange has successfully priced a bond issuance totaling 6 billion US dollars, which was significantly oversubscribed, indicating strong investor interest [1][2]. Group 1: Bond Issuance Details - The bond issuance consists of 5 tranches with varying terms and coupon rates, including: - 750 million USD due in January 2029 with a 4.00% coupon - 1.25 billion USD due in January 2031 with a 4.25% coupon - 1.5 billion USD due in January 2033 with a 4.75% coupon - 2 billion USD due in January 2036 with a 5.00% coupon - 500 million USD due in January 2056 with a 5.75% coupon [1] - The weighted average coupon for this issuance is 4.72% with an average maturity of 9 years [2]. Group 2: Use of Proceeds - The proceeds from the bond issuance will be used for general corporate purposes, including the repayment of certain outstanding debts related to the acquisition of the remaining 50% of MasOrange [1]. Group 3: Company Overview - Orange is a leading telecommunications operator with revenues of 40.3 billion euros in 2024 and a global workforce of 124,100 employees as of September 30, 2025 [2]. - The company serves a total customer base of 310 million worldwide, including 270 million mobile customers and 23 million fixed broadband customers [2]. - Orange operates in 26 countries and is also a prominent provider of global IT and telecommunication services to multinational companies under the brand Orange Business [3].