Credit Rating

Fitch alerts possible shift | Bangkok Post: business

The tax incentives encouraging Thai banks to merge could lead to a significant shift in the local sector landscape, with one or two of the largest domestic banks emerging in dominant positions, says Fitch Ratings. Larger national champions would be in a stronger position to cope with competition from regional rivals, which is set to intensify along with Asean banking integration. Thailand is in bilateral negotiations with Malaysia, Indonesia and Myanmar under the Asean Banking Integration Framework (ABIF), which would…

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Netflix goes big to fund more shows, selling US$1.9b in junk debt

MOLLY SMITH Last updated 10:25, April 24 2018 Netflix is tapping the junk-bond market again to help finance its next wave of shows. The world’s largest online television network is selling US$1.9 billion (NZ$2.7 billion) of senior bonds in its largest-ever dollar-denominated offering. That’s up from a planned US$1.5b, according to a statement on Monday. The 10.5-year notes may yield 5.875 per cent, within the initially discussed range of 5.75 per cent to 6 per cent, according to people with knowledge…

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Paraguay’s ruling Colorado party keeps strong presence…

By Reuters Published: 16:47 EDT, 23 April 2018 | Updated: 16:47 EDT, 23 April 2018 By Hugh Bronstein and Daniela Desantis ASUNCION, April 23 (Reuters) – Paraguay’s business-friendly ruling party performed better than expected in Sunday’s Senate election, losing fewer seats than polls had projected and ensuring strict fiscal policies while lessening chances of a tax hike on the key soy sector. Farmers in the world’s No. 4 soybean exporter had feared that the new Senate might approves a measure,…

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Ulster Bank raises €1bn as new chief executive lined up

Ulster Bank has raised €1 billion from its first sale of mortgage-backed bonds in more than a decade, as the lender prepares to parachute a new chief executive from its parent, Royal Bank of Scotland (RBS), into the business. The Dublin-based bank, which required a £15 billion (€17.1 billion) bailout from RBS during the financial crisis, said on Monday that the sale of residential mortgage-backed securities (RMBS) through its Ardmore Securities Number 1 vehicle was oversubscribed, with strong interest from…

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McDermott Board of Directors Rejects Unsolicited, Non-Binding Proposal from Subsea 7 – Credit Rating News Today

McDermott Board of Directors Rejects Unsolicited, Non-Binding Proposal from Subsea 7 – Credit Rating News Today – EIN News Trusted News Since 1995 A service for global professionals · Monday, April 23, 2018 · 443,534,531 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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Beef takes FMDs to another record

BEEF producers are driving yet another record year in farm management deposits (FMDs) on the back of ongoing solid cattle prices. That doesn’t mean reinvestment on-farm is lagging. In fact big agriculture lenders and farm accountant specialists believe cattle operations are achieving a healthy balance between spending to improve productivity and planning ahead to secure a buffer for tougher years. There had been a significant shift in thinking towards longer term planning and offsetting the effects of seasons and market…

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Furniture giant Steinhoff′s shareholders not sitting pretty | Business| Economy and finance news from a German perspective | DW

About 400 shareholders of South African-German furniture retailer Steinhoff International Holdings met for an annual general meeting in Amsterdam on Friday to discuss ways out of the hole the company finds itself in.  Many others back in South Africa watched the event broadcast live to a conference center in Cape Town.  South Africa’s Public Investment Corp — which manages the pension funds of government workers and has a 10-percent stake — was particularly well represented. “It will be turbulent as it is about…

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Vele: PNG’s global rating misconceived

Treasury Secretary Dairi Vele has criticised PNG’s ratings which didnt show recent data and facts Secretary for Treasury, Dairi Vele, yesterday criticised global rating agency Standard & Poor’s (S&P) for downgrading PNG’s credit rating from B+ to B saying it was misconceived. Mr Vele said it was unfortunate because it was based on “outdated data and failed to comprehend fully the more positive fiscal out turn in 2017 and early 2018. “The S&P conclusions about rising debt and debt service…

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Independent rater? There are flaws with how Big Three rate Emerging Market Economies

The three top ratings agencies, S&P, Moody’s and Fitch together make for 90% of the global market. (Reuters) India has again raised the proposal for a BRICS credit ratings agency, this time at the meeting of BRICS finance ministers and central bank governors. The three top ratings agencies, S&P, Moody’s and Fitch together make for 90% of the global market. India has, on various occasions, viewed their ratings action as biased, especially their fastidious assessment of emerging markets which are…

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2 Big Worries About Realty Income – Realty Income Corporation (NYSE:O)

By The Valuentum Team The real estate investment trust (REIT) sector is a favorite for income-oriented investors, and perhaps even a bigger favorite for dividend growth investors. Though there are many monthly dividend ideas to choose from, there is only one Monthly Dividend Company, and that is Realty Income (O). A member of the coveted S&P 500 High Yield Dividend Aristocrats Index (SDY), Realty Income has paid more than 570 consecutive monthly dividends, a track record that includes 95+ dividend…

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Drowning in debt | Sunday Standard

Africa’s economic managers are walking a tightrope in the face of spiralling external debt largely fuelled by rising fiscal deficits and the depreciation of exchange rates, especially in commodity exporting countries. This information is contained in the World Bank’s 17th edition of Africa Pulse report released this past Wednesday. According to the report findings debt sustainability risk in the region has increased significantly over the past five years with 18 countries at high risk of debt distress as at March…

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State treasurer candidate visits Norwalk

While working as the Findlay city treasurer and auditor, Sprague balanced city budgets and according to information from his campaign, he also “helped finance a massive recovery effort after historic floods and the 2008 economic crash ravaged the city.”  Sprague shared some of his financial background and his plans as the state treasurer during a short interview with the Reflector. “I have a M.B.A. with an emphasis in finance from the University of North Carolina. (I) formerly worked for Ersnt & Young,…

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Capitol Conversation: How Do You Solve A Problem Like PERA?

A major piece of legislation to reform the state’s pension plan is making its way through the state legislature during the final days of the session. One in 10 Coloradans receives a public pension through the Public Employees Retirement Association (PERA). But PERA has unfunded liabilities totaling about $32 billion, and lawmakers are divided over how best to shore up the program. Statehouse reporter Bente Birkeland spoke with Marianne Goodland with Colorado Politics and Ed Sealover with the Denver Business…

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Congress Set To Repeal Legislation Against Predatory Auto Loans

Black folks can expect to see an avalanche of discriminatory auto loans after Congress completes its repeal of an Obama-era policy. See Also: Bank Of America Charges Fee To Customers Who Can’t Afford It It’s anticipated that the House will soon pass legislation that would remove restraints on discriminatory auto loans. The Senate passed the measure on Wednesday, and the White House has already signaled its approval. The Senate’s roll back of President Barack Obama’s policy has “emboldened banks and…

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Ontario NDP is bold and (relatively) responsible

Ontario’s fast-approaching election is shaping up as a classic danger/opportunity situation for the province’s New Democrats and their leader, Andrea Horwath. Danger, because they risk being squeezed out in a classic show-down between Kathleen Wynne’s Liberals and Doug Ford’s rising Progressive Conservatives. Opportunity, because voters’ distaste for both of the above might just allow the Ontario NDP to make significant gains. Whichever scenario becomes reality will depend very much on how the campaign unfolds between now and June 7. And…

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Block-chain based microfinancing for Kenyan food stall owners

DURBAN – IBM Research and Twiga Food will be extending access to microloans to 220 food stall retailers across Kenya using a block-chain based financing system. Twiga Foods which is a business to business logistics platform for kiosks and food stalls were looking to extend their logistic services into a total market ecosystem by adding financial services. According to Isaac Markus, the IBM Kenya Researcher, IBM has been looking to spearhead efforts for block-chain rollout on their open standards. They…

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