Credit Rating

S&P cuts Brazil debt rating as pension reform doubts grow

By Reuters Published: 19:21 EST, 11 January 2018 | Updated: 19:21 EST, 11 January 2018 By Jake Spring and Lisandra Paraguassu BRASILIA, Jan 11 (Reuters) – Ratings agency Standard & Poor’s cut Brazil’s credit rating further below investment grade on Thursday as doubts grew about a presidential election in October and a push to trim its costly pension system, seen as vital to closing a huge fiscal deficit. S&P lowered its long-term rating for Brazil sovereign debt to BB- from…

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S&P cuts Brazil credit rating as pension reform doubts…

By Reuters Published: 18:05 EST, 11 January 2018 | Updated: 18:05 EST, 11 January 2018 BRASILIA, Jan 11 (Reuters) – Ratings agency Standard & Poor’s cut Brazil’s credit rating on Thursday as doubts grew about the result of a presidential election in October and a push to trim its costly pension system, seen as vital to closing a huge fiscal deficit. S&P lowered its long-term rating for Brazil sovereign debt to BB- from BB previously, with a stable outlook, citing…

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Ratings snub raises questions about Wanda’s financial health –China Economic Net

The liquidity position of Dalian Wanda Commercial Property Co Ltd, the property developer owned by Chinese billionaire Wang Jianlin, has drawn market attention and raised questions about the developer’s financial health after its credit ratings were cut to junk. Global credit ratings agency Fitch Ratings downgraded Wanda Commercial by two notches to BB+, a junk rating, from BBB, citing the company’s inability to access offshore funding channels to boost its offshore liquidity in a timely manner. The move followed the…

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Burr Ridge Board threatens lawsuit over state Rep. Durkin campaign fliers

Burr Ridge Village Board members are threatening to sue state Rep. Jim Durkin of Western Springs for allegedly slandering the village with his political advertisements. Durkin, the Illinois House Republican leader, is running for re-election in the 82nd House District and Burr Ridge Mayor Mickey Straub, also a Republican, has filed to run against him in the primary. The district includes all or portions of Burr Ridge, La Grange and Western Springs. Board member Albert Paveza said a group called…

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Zuma exit not discussed by South African ruling party, official says

EAST LONDON, South Africa (Reuters) – The new leadership of South Africa’s ruling party did not discuss President Jacob Zuma’s future on Wednesday, an official said, disappointing investors who hoped it would seek to remove him from power. Zuma’s replacement as party leader by his deputy, Cyril Ramaphosa, last month prompted widespread expectations of an early end to his time in office, which has been marred by persistent allegations of graft. On Wednesday the rand weakened as much as 1.7…

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Text of 2018 Indiana State of the State speech

(Above: Video of the entire speech of Gov. Eric Holcomb’s State of the State address.) INDIANAPOLIS (WISH) — Here is the text, as provided in advance, of the 2018 State of the State Address by Gov. Eric Holcomb. The speech was delivered to a joint meeting of the Indiana House of Representatives and Senate in the House chamber in the Indiana Statehouse. “Mr. Speaker, Mr. President, Madam Chief Justice, Lt. Governor, members of the General Assembly, my fellow Hoosiers: It’s…

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Alejo takes over Board of Supervisors chairmanship, faces challenge on assignments

Salinas >> It didn’t take long for the mantle of leadership to weigh heavily on the shoulders of District 1 Supervisor Luis Alejo. Alejo, who assumed the chairmanship of the Board of Supervisors on Tuesday, marked the occasion with a Martin Luther King Day ceremony featuring NAACP Monterey Branch President Regina Mason reading from a fiery speech given by the civil rights icon more than half a century ago on the “three evils of society,” including racism, materialism and militarism,…

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Tyler Morning Telegraph – Smith County to issue three bonds totaling $39.5 million

Smith County government officials are moving forward with borrowing $39.5 million to fund new road projects. The Smith County Commissioner’s Court is planning to borrow the money through three separate general obligation bonds – $12 million in 2018, $12 million in 2019, and $15.5 million in 2020 – each with a term of 10 years. However, on Tuesday, the commissioners approved a resolution that would allow them to spend up to $1 million on road projects now and later reimburse…

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Do You Want to Buy a Home in Rural Areas? Consider USDA Loans!

Imagine living in a quiet neighborhood and away from the hustle-bustle of the city. Isn’t that quite appealing? Surprisingly, a lot of potential homebuyers crave this kind of living. For homebuyers who are thinking of living in rural areas, a beneficial mortgage program always comes to mind: USDA loans. If you’re want to qualify for this program, here’s everything you need to know about it. USDA Loans: the basics The USDA loan is probably one of the best home financing…

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Revealed: Another 4,000 victims of tracker scam ‘still to be identified’

Stock image Photo: Deposit Revealed: Another 4,000 victims of tracker scam ‘still to be identified’ Independent.ie An international credit ratings agency has questioned Central Bank claims that most of the tracker overcharging cases have been identified. https://www.independent.ie/business/personal-finance/property-mortgages/revealed-another-4000-victims-of-tracker-scam-still-to-be-identified-36470885.html https://www.independent.ie/irish-news/article36457846.ece/488fa/AUTOCROP/h342/housestockimage.jpg Email An international credit ratings agency has questioned Central Bank claims that most of the tracker overcharging cases have been identified. The Central Bank said in December that 33,700 tracker overpayment cases have emerged, and this was the majority of cases. John…

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FIBRA Prologis to Host Fourth Quarter 2017 Earnings Conference Call January 26

MEXICO CITY, Jan. 8, 2018 /PRNewswire/ — FIBRA Prologis (bmv:FIBRAPL 14), the leading owner and operator of Class-A logistics real estate in Mexico, will host a webcast and conference call with senior management to discuss fourth quarter results, current market conditions and future outlook on Friday, January 26, at 9:00 a.m. CT/10:00 a.m. ET. To access a live broadcast of the call, dial +1 877 256 7020 (toll-free from the United States and Canada), 01 800 926 9157 (toll-free from Mexico)…

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Why I Am Remaining Bullish On AIG – American International Group Inc (NYSE:AIG)

I am often asked why I am still invested in American International Group (AIG), and my response over the last year has not changed — I believe that the insurer has a great business and that its current management team is more than capable of exposing [and working through] the skeletons in the closet (i.e., reserve issues). I have, however, not been rewarded for staying the course with this global insurer over the last year. Source: Nasdaq On the other…

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Options before Finance Minister Arun Jaitley- The New Indian Express

MUMBAI: Finance Minister Arun Jaitley is an unlucky man having to prepare the Budget amid a slowing economy, falling revenue and rising debt. Lower crude oil prices and better-than expected revenue helped the government adhere to the fiscal consolidation path in FY17, but this year’s target is constipated due to demonetisation, GST, weak private consumption and investments.In the current context, Jaitley should work like a fiscal hawk, donning a fiscal straitjacket, but considering the election year, his government expects him to…

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Anil Ambani: Why Anil Ambani’s third business avatar will be his biggest test

Anil Ambani’s once sprawling business group is as close to fighting for survival as it has ever been. There was the Anil Ambani of some dozen years back. The split of the Reliance empire in 2005 was still playing out and Anil Ambani led the growth businesses of energy and telecom with the companies listed on a booming stock market. New Wicket In the last decade, most Indian conglomerates woke up to the growing opportunities in defence and aerospace sector.…

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FICO Prof David Howe Says Financially Disadvantaged Children Victimized Compared to Children from Resourceful Families – Credit Rating News Today

Credit educator and CEO says increased suffering for children victimized by identity fraud because providers struggle financially and complacency from Congress Of course, this challenging money and credit dilemma is exactly why children are routinely victimized every day in the U.S.A.” — David Howe, SubscriberWise CEO and US Credit Czar WASHINGTON, D.C., UNITED STATES OF AMERICA, January 6, 2018 /EINPresswire.com/ — SubscriberWise, the nation’s largest issuing CRA for the communications industry and the leading protector of children victimized by identity…

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House of Fraser asks landlords for rent cuts – what could it mean for Birkenhead store?

Department store chain House of Fraser is asking landlords of some of its stores for help after the company recored a significant drop in earnings. The news could fuel concern over the future of the Birkenhead store, formerly Beatties, but the company insists it is “driving forward” with what it calls a “transformation programme.” Half-year results showed the firm recording an £8.6m loss – down from a £900,000 profit in 2016. The introduction of a new web platform is believed…

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