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Mercado Libre Achieves Full Investment Grade Rating with S&P's upgrade to ‘BBB-'
Globenewswire· 2025-07-11 12:30
MONTEVIDEO, July 11, 2025 (GLOBE NEWSWIRE) -- Mercado Libre, the leading e-commerce and fintech platform in Latin America, announces that S&P Global Ratings has upgraded its rating to investment grade ‘BBB-’, with a Stable Outlook. This marks the second major credit agency assigning an investment grade rating to Mercado Libre, following a similar action by Fitch Ratings in October 2024, making Mercado Libre a full investment grade rating company.In its report, S&P highlighted Mercado Libre’s strong operatin ...
DT Midstream Achieves Investment Grade Rating with All Three Major Credit Rating Agencies
Globenewswire· 2025-07-08 20:15
DETROIT, July 08, 2025 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) announced today that it has achieved an investment grade rating with all three major credit rating agencies: Fitch Ratings upgraded DTM’s credit rating to BBB- with a stable outlook on October 3, 2024;Moody’s Ratings upgraded DTM’s credit rating to Baa3 with a stable outlook on May 16, 2025; andS&P Global Ratings upgraded DTM’s credit rating to BBB- with a stable outlook on July 8, 2025. “The investment grade ratings are a recognition ...
Trinity Capital Inc. Receives New Investment Grade Rating from Moody's
Prnewswire· 2025-05-05 20:05
Core Viewpoint - Moody's has assigned Trinity Capital an investment grade long-term issuer rating of Baa3 with a stable outlook, reflecting the company's strong performance and investment expertise [1][2]. Company Overview - Trinity Capital Inc. is an international alternative asset manager focused on delivering consistent returns through private credit markets, having deployed over $4 billion across 400 investments since its inception in 2008 [3]. - The company operates across five complementary verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset-Based Lending, and Life Sciences [3]. Rating Factors - Moody's cited several factors for the Baa3 rating, including Trinity Capital's investment expertise, growing performance record, low reliance on secured funding, and strong capitalization and liquidity [2]. - The company's increased scale and diversification, particularly through new business verticals, were also highlighted as positive developments [2]. Management Commentary - The Chief Financial Officer of Trinity Capital expressed satisfaction with the Baa3 rating, indicating it affirms the strength of the company's platform and will facilitate access to capital at more favorable rates [3].