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KBRA Affirms Ratings for Farmers National Banc Corp.
Businesswire· 2025-10-07 22:58
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA affirms the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Canfield, Ohio-based Farmers National Banc Corp. (NASDAQ: FMNB) ("Farmers" or "the company†). In addition, KBRA affirms the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for its subsidiary, The Farmers National Bank of Canfield. The Out ...
US government shutdown negative for credit rating, Europe's Scope warns
Yahoo Finance· 2025-10-01 14:48
LONDON (Reuters) -European rating agency Scope has said that the shutdown of the U.S. government is another negative for the country's downgrade-threatened credit score. Scope, which currently rates the U.S. 'AA' with a 'negative outlook', said it showed deepening political polarisation in the world's largest economy and also comes amid mounting worries about President Donald Trump's attacks on the Federal Reserve. "The administration’s increasingly unconventional policy approach has placed pressure on t ...
Treasury yields are flat as investors wait to see how long government shutdown lasts
CNBC· 2025-10-01 11:23
The 10-year Treasury yield was basically flat at 4.14%, and the 2-year Treasury yield lost 1 basis point to 3.594%. The 30-year bond yield rose just over one basis point to 4.7447%. One basis point equals 0.01% and yields and prices have an inverse relationship.U.S. Treasury yields were little changed on Wednesday as investors monitored the consequences of the government shutdown after lawmakers failed to reach an agreement on the federal funding bill.The U.S. government shut down after the Republican-contr ...
Li Ka-shing-controlled CK Hutchison's bond sale gets strong rating from Fitch, S&P
Yahoo Finance· 2025-09-23 09:30
Hong Kong-listed conglomerate CK Hutchison Holdings, which is in the midst of a controversial ports divestment, secured an upper medium-grade rating for its planned bond issuance on Tuesday. Fitch Ratings assigned the Li Ka-shing-controlled group's notes an A- and flagged them as a potential catalyst for a rating upgrade, while S&P Global Ratings gave them an A. The size and pricing of the notes, to be issued through a special-purpose vehicle and guaranteed by the company, have yet to be set. The proceed ...
Press release: AFL acknowledges the downgrade to A+ (stable outlook) of its long-term rating by Fitch Ratings
Globenewswire· 2025-09-22 07:33
Press releaseLyon, September 22, 2025 AFL acknowledges the downgrade to A+ (stable outlook) of its long-term rating by Fitch Ratings Following the decision by Fitch Ratings to downgrade the French government's long-term rating from AA- (negative outlook) to A+ (stable outlook), AFL, the bank for local authorities, announces that its own long-term rating assigned by Fitch Ratings has been revised from AA- (negative outlook) to A+ (stable outlook) on September 18, 2025. Its short-term rating remains unchanged ...
Ignitis Group has retained ‘BBB+' credit rating
Globenewswire· 2025-09-19 06:30
AB “Ignitis grupė” (hereinafter – the Group) informs that an international credit ratings agency, S&P Global Ratings, after performing annual review of the Group’s credit rating, reaffirmed ‘BBB+’ (stable outlook) credit rating. For additional information, please contact: CommunicationsValdas Lopeta+370 621 77993valdas.lopeta@ignitis.lt ...
S&P Global Ratings affirmed Oma Savings Bank Plc's credit rating and changed outlook to negative
Globenewswire· 2025-09-10 10:25
OMA SAVINGS BANK PLC STOCK EXCHANGE RELEASE 10 SEPTEMBER 2025 AT 1.25 P.M. EET, OTHER INFORMATION DISCLOSED ACCORDING TO THE RULES OF THE EXCHANGE S&P Global Ratings affirmed Oma Savings Bank Plc's credit rating and changed outlook to negative On 10.9.2025 June 2025, S&P Global Ratings (S&P) has affirmed that the short-term and long-term issuer credit ratings of Oma Savings Bank Plc (OmaSp or the Company) remain unchanged and are BBB/A-2. At the same time, S&P has changed OmaSp's outlook from stable to nega ...
Moody's upgraded LHV Group's senior ratings
Globenewswire· 2025-09-02 05:00
Group 1 - Moody's Investors Service upgraded LHV Group's long-term issuer and senior unsecured ratings to Baa2 with a positive outlook, indicating a strong financial position and capitalization [1] - LHV Group's proposed subordinated notes received a Ba1 rating from Moody's, reflecting expectations of further strengthening of solidity [1] - The long-term deposit rating for LHV Group carries a positive outlook, with a long-term counterparty risk assessment of A3(cr) and a short-term counterparty risk rating of Prime-2 [3] Group 2 - LHV Group is the largest domestic financial group and capital provider in Estonia, with key subsidiaries including LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited [2] - As of the end of July, LHV Pank serves 476,000 customers, LHV's pension funds have 109,000 active customers, and LHV Kindlustus protects 177,000 customers [2] - LHV Bank Limited holds a banking license in the UK and provides services to international financial technology companies and loans to small and medium-sized enterprises [2]
Why New Fortress Energy Stock Sank Today
The Motley Fool· 2025-05-21 20:37
Core Viewpoint - New Fortress Energy's stock has significantly declined due to disqualification from a key government auction in Puerto Rico, alongside disappointing Q1 results and worsening credit issues [1][2][5][6] Group 1: Stock Performance - Shares of New Fortress Energy fell by 14.5% as of market close, coinciding with broader market declines in the S&P 500 and Nasdaq Composite [1] - The stock's decline is attributed to negative news regarding the company's exclusion from a government auction [1][2] Group 2: Auction Disqualification - New Fortress Energy has been disqualified from a Puerto Rican government auction aimed at securing temporary power generation, specifically for an 800-megawatt contract [2] - The company has reached out to Puerto Rico's Governor requesting reconsideration of the disqualification [3] Group 3: Financial Performance - The company recently announced Q1 results that did not meet Wall Street's expectations, contributing to negative market sentiment [5] - New Fortress Energy sold its Jamaican LNG import terminal in Montego Bay for $1 billion, which, while providing immediate cash, poses a risk to future revenue streams [5] Group 4: Credit Rating and Leverage - The company's credit rating has deteriorated further, exacerbating its ongoing financial challenges as it is heavily leveraged [6] - There are multiple issues facing New Fortress Energy, leading to a lack of a compelling turnaround case in the near future [6]
2 Recession-Proof Stocks to Buy With a Better Credit Rating Than the U.S. Government
The Motley Fool· 2025-04-20 11:30
Group 1: U.S. Credit Ratings - In 2011, S&P Global Ratings downgraded the U.S. long-term credit outlook from AAA to AA+ due to budgetary issues, with Fitch downgrading U.S. credit again in 2023 and Moody's considering a similar move [1] - The 2024 fiscal deficit has ballooned to over $1.8 trillion, exacerbating debt and fiscal issues [1] Group 2: Microsoft - Microsoft holds AAA and Aaa ratings from S&P and Moody's, respectively, and has seen its stock fall about 12% this year, outperforming peers in the "Magnificent Seven" [4][6] - The company has a diverse business model across various tech sectors, including cloud, video games, and AI, and was an early investor in OpenAI [4] - Microsoft has a strong balance sheet with over $71.5 billion in cash and equivalents, approximately $40 billion in long-term debt, and equity exceeding $302 billion, resulting in a low debt-to-equity ratio [6] Group 3: Johnson & Johnson - Johnson & Johnson is the only other U.S. company with top credit ratings and recently announced an acquisition of Intra-Cellular Therapies for $14.6 billion, which may impact its credit rating due to increased debt [7] - The stock has performed well, up nearly 9% this year, and the company raised its full-year revenue outlook to $91.4 billion from $89.4 billion [8] - Johnson & Johnson's CFO indicated that the guidance includes a $400 million impact from tariffs, which could affect stock performance if trade tensions with China persist [9] - At the end of 2024, Johnson & Johnson had over $24 billion in cash, about $30.6 billion in long-term debt, and over $71 billion in total equity, maintaining a strong balance sheet despite the recent acquisition [10]