Credit Rating

An Income Investor’s Dream or a Ticking Yield Trap? — The Motley Fool

The story of Icarus and Daedalus is supposed to remind us that overambition and hubris can lead to the direst of punishments. Perhaps I’m being a little histrionic, but I can’t think of a more succinct way of describing the pipeline, processing, and logistics business in North America. It is an industry that rewards modesty, and companies that try to fly too high with overambitious growth numbers tend to get punished by the market.  Pipeline giant Enbridge (NYSE:ENB) has arguably…

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IL&FS Financial Services MD and CEO Ramesh Bawa resigns- The New Indian Express

By PTI MUMBAI: IL&FS Financial Services’ MD and CEO Ramesh C Bawa has resigned from the company amid crisis in the IL&FS group for alleged defaults in loan payment and corporate governance issues. In a filing to the BSE, IL&FS Financial Services said Bawa has resigned as managing director and chief executive officer. The company’s independent directors — Renu Challu, Surinder Singh Kohli, Shubhalakshmi Panse and Uday Ved — too have put in their papers. Non-Executive Director Vibhav Kapoor has…

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Rising costs and uncertain environment prevent Africa’s airlines from soaring

Political as opposed to economic factors are the major downside risks to the airline industry and many carriers will continue to grapple with politically driven objectives, says Kapil Kapa, the CEO at the Centre for Asia Pacific Aviation. Uncertain global politics and rising oil prices are expected to generate challenges for carriers, including SA Airways, and the sector could see a big shakeup over the next three years. A tougher outlook for the global aviation sector comes as SAA grapples…

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Another vote of confidence in Govt’s economic management

Saturday, 22 September 2018, 12:24 pmPress Release: New Zealand Government Hon Grant RobertsonMinister of Finance 22 September 2018 PĀNUI PĀPĀHO MEDIA STATEMENT Another vote of confidence in the Coalition Government’s economic management The Coalition Government is welcoming another sign that our economic plan and decisions to run surpluses and pay down debt are paying off for New Zealand, Finance Minister Grant Robertson says. International credit rating agency Moody’s last night reaffirmed its Aaa rating with a stable outlook on the…

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Ontario finance minister projects $15B deficit for province

TORONTO — Ontario’s finance minister said the province will have to make sacrifices as it grapples with a newly revised $15-billion deficit, a message critics predicted would pave the way for significant cuts to government services. In a speech to the Economic Club in Toronto on Friday, Vic Fedeli said the province had chosen to adopt the accounting practices used by the auditor general in reviewing the recently defeated Liberal government’s budget and projections, and found greater deficits than had been reported. “The hole…

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Banks behaving badly can lead to a better deal for customers

AS banks are in the bad books for surprise interest rate rises and the damning royal commission, this has created an opportunity for customers to get a better deal. Whether it’s home loans, credit cards, savings accounts or other products, there are ways to extract more value from your bank — particularly while they’re bending over backwards to retain frustrated customers, money specialists say. “No one’s ever going to care more about your money than you do,” certified financial planner…

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Tesla: Someone Should Wake Up

… it downgraded Tesla's credit rating just six months ago (bold … ;s downgraded Tesla's credit rating back in March. (Source: cnbc … cut the company's credit rating again. Rising interest rates also … Source link

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S&P maintains ‘A+/A-1’ rating for ‘stable’ China

S&P Global Ratings yesterday maintained its “A+/A-1” rating for the People’s Republic Of China, citing the Chinese government’s reform agenda, growth prospects and strong external metrics. The outlook for China is “stable,” S&P said, which reflects the rating agency’s view that the naiton would maintain its GDP growth and improved fiscal performance for the next three to four years. “Policy changes have helped to rein in credit growth and reduce the reliance of economic growth on public investment. If these…

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Adobe to purchase marketing software firm Marketo for USD 4.75 billion

The US Photoshop maker is sharpening its focus on the fast-growing cloud business. Adobe Systems Inc on Thursday agreed to buy Marketo Inc for USD 4.75 billion from private equity firm Vista Equity Partners Management, adding heft to its cloud-based digital marketing business. The US Photoshop maker is sharpening its focus on the fast-growing cloud business, a fiercely competitive market dominated by Microsoft Corp, Oracle Corp and Salesforce. Marketo’s business-to-business marketing applications will complement Adobe’s digital marketing business, which provides…

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S&P raises Australia’s budget outlook to stable, reaffirms its AAA credit rating

Updated September 21, 2018 15:12:11 Ratings agency Standard & Poor’s (S&P) has raised Australia’s budget outlook to stable, up from the negative label it gave two years ago, and reaffirmed its AAA sovereign credit rating. Key points: The outlook means Australia is likely to keep its AAA rating for the foreseeable future S&P lowered Australia’s outlook from stable into the negative category after the 2016 federal budget S&P still expects property prices to “continue their orderly unwind” The ratings agency…

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Ind-Ra assigns IND A1+ rating for GHCL Ltd’s Commercial Paper

India Ratings & Research, one of the Credit Rating Agency, has assigned highest rating IND A1+ to GHCL Limited for issuance of Commercial Paper of Rs. 1000 million, which is yet to be issued and shall be carved out of the existing working capital of the Company. The CP proceeds will be used for fulfilling working capital requirements / refinancing of debt / bridge finance / capital expenditure. Shares of GHCL LTD. was last trading in BSE at Rs.252.85 as…

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Credit freezes are now free. Here’s why you should do it

Starting Friday, you’ll be able to do it free of charge. Identity thieves can use information in your credit report to open credit cards and bank accounts, and take out loans. But a credit freeze restricts your credit report so that it can’t be accessed by a new lender. If a lender can’t see your credit report, they won’t issue a new account in your name. Credit card companies and banks where you have existing accounts will still be able…

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Adobe to buy marketing software firm Marketo for $4.75 billion

(Reuters) – Adobe Systems Inc on Thursday agreed to buy Marketo Inc for $4.75 billion from private equity firm Vista Equity Partners Management, adding heft to its cloud-based digital marketing business. An Adobe Systems Inc software box is seen in Los Angeles, California, U.S., March 13, 2017. REUTERS/Lucy Nicholson The U.S. Photoshop maker is sharpening its focus on the fast-growing cloud business, a fiercely competitive market dominated by Microsoft Corp, Oracle Corp and Salesforce. Marketo’s business-to-business marketing applications will complement…

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Equifax Slapped With UK’s Maximum Penalty Over 2017 Data Breach

Credit rating giant Equifax has been issued with the maximum possible penalty by the UK’s data protection agency for last year’s massive data breach. From a report: Albeit, the fine is only 500,000 Pound (roughly $6,62,000) because the loss of customer data occurred when the UK’s prior privacy regime was in force — rather than the tough new data protection law, brought in via the EU’s GDPR, which allows for maximum penalties of as much as 4% of a company’s…

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Equifax fined £500,000 over cyber attack that affected 15mln UK customers

Credit rating agency has been fined £500,000 by the UK regulator for failing to protect 15 million Britons whose personal details were stolen in a data breach last year. A cyber attack hit in the US between May 13 and July 30 last year, exposing the records of 146 million people worldwide, mainly in the US. Personal details that were stolen included names, dates of birth, telephone numbers and driving licence numbers. READ: Number of people affected by…

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