Credit Rating

Bad Apples? You might not get that loan if you own an Android phone

A recent paper by Tobias Berg of the Frankfurt School of Finance and Management in Germany and his collaborators showed that a person’s digital footprint can be as predictive of financial behaviour as a credit score. One of their findings, for example, is that the difference in loan default rates between iPhone and Android owners “is equivalent to the difference in default rates between a median ‘FICO’ credit score and the 80th percentile of the FICO score”. So iPhone ownership,…

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Power Sector: Rating bodies to assess loan quality of stressed projects

The government identified 34 power plants with 40,000 MW capacity with an outstanding debt of Rs 1.74 lakh crore as stressed assets in the power sector. Lenders to thermal power projects have decided to assign rating agencies to determine the “sustainable debt” levels of completed plants with existing power purchase agreements (PPAs) and coal supply arrangements. Bankers, led by State Bank of India, had met earlier this week in Mumbai to decide the fate of 16 such projects. “Interest for…

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Borsa Istanbul expected to soar in post-election era

The BIST 100 index’s growth expectations with serious returns after the elections have raised the appetite of some speculative investors, Borsa Istanbul Chairman Himmet Karadağ said Friday. Exchange and interest rates as well as rating agencies that released statements lacking keen analysis calculate to get Turkish bonds at a bargain price and sell at high prices after the elections while steering the perception of foreign investors on Turkish markets, the BIST chairman claimed. “Ongoing public offerings and other foreign investors…

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American Family, Main Street America Reveal Plan to Merge

Madison, Wisconsin-based American Family Insurance group and Florida-based The Main Street America Group will pursue a merger, the companies announced today. The combined equity of the merged entities is expected to be more than $9 billion. Upon completion of the merger, Main Street America will operate as a stand-alone brand with its own name and marketing within American Family Insurance group, similar to The General and Homesite, acquired in 2012 and 2013, respectively. The companies said the merger, approved by…

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Car finance and leasing: What can impact your credit rating? And how can it be improved?

Applying for car finance can sometimes feel like trying to drive off in the wrong gear – slow, frustrating and clumsy. And if you have suffered from missed payments and debt issues in the past, the route to driving your dream car can be even more complex with plenty of diversions and false starts. One of the main reasons motorists might struggle to find car finance or a leasing deal is due to a low credit rating, a common issue…

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JSPL: ICRA upgrades Jindal Steel and Power Limited’s outlook to stable

Kolkata: ICRA Limited has upgraded Jindal Steel and Power Limited’s (JSPL’s) long-term and short-term credit ratings on expectations of a “stable outlook”. The rating upgrade includes long-term and short-term bank facilities amounting to Rs. 25,288 crore and long-term rating for the Rs 1549.60 crore NCD programme. “The credit rating upgrade to stable outlook by ICRA is an encouraging development testifying the growth potential of JSPL. We aim at achieving optimal capacity utilizations at all our plants, including Angul and Oman,…

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Turkey Rate Increase Unlikely To Benefit Lira, USD Marginally Lower After FOMC

The is showing signs of momentary weakness after the latest indicated to investors that the Federal Reserve will not raise US interest rates at a faster pace than has already been priced into the market. One of the main takeaways from the statement is that the Federal Reserve acknowledged that inflation is close to its target, but it appears this will not dictate the central bank accelerating its path of gradually raising US interest rates. Where the US dollar could…

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Asian Shares Mixed As US-China Trade Talks Begin

Asian stocks turned in a mixed performance on Thursday after the U.S. Federal Reserve left interest rates unchanged in a widely expected move and senior U.S. officials arrived in Beijing for trade talks. The Japanese market was closed for a public holiday. China’s Shanghai Composite index rose 0.64 percent to 3,100.86 as top U.S. and Chinese officials prepared to kick off crucial trade talks in Beijing. A breakthrough is highly unlikely as the U.S. Embassy in Beijing said the delegation…

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PosBossIT, a Certified Moodle Partner in East Asia, Announces Partnership with IntelliBoard – Credit Rating News Today

PosBossIT, a Certified Moodle Partner in East Asia, Announces Partnership with IntelliBoard – Credit Rating News Today – EIN News Trusted News Since 1995 A service for global professionals · Thursday, May 3, 2018 · 445,230,478 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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Budget to show NDIS fully funded: Cormann

By Australian Associated Press Published: 21:46 EDT, 2 May 2018 | Updated: 21:46 EDT, 2 May 2018 Finance Minister Mathias Cormann insists next week’s federal budget will show the National Disability Insurance Scheme is fully funded without the need for an increase in the Medicare levy. Global credit ratings agency Fitch Ratings on Wednesday raised concerns in its latest report on Australia, saying that the Turnbull government’s decision to scrap the Medicare levy increase while committing to fully funding the…

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Global Switch First in Singapore to Adopt Design for Manufacturing and Assembly Methods for Data Centre Construction

SINGAPORE–(BUSINESS WIRE)–May 2, 2018–Global Switch, a leading owner and operator of large scale carrier and cloud neutral data centres in Europe and Asia-Pacific, announced that its Singapore Woodlands data centre, is the first project in the island state to adopt prefabricated mechanical and electrical and plumbing (MEP) modular techniques on a large scale. The data centre is due to launch later this year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180502006290/en/ Global Switch Singapore Woodlands (Photo: Business…

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Realty Income Corporation: A Good Passive Income Investment? – Realty Income Corporation (NYSE:O)

Investment Thesis Realty Income Corporation (O) has a long track record of paying out monthly dividend to its shareholders and delivered 81 consecutive quarters of dividend increases. The company has delivered a 15.7% compounded average annual shareholder return since its NYSE listing in 1994. O has demonstrated in the past that it can maintain and grow its dividend over economic cycles and provide dependable passive income to its shareholders. E-commerce giants have put considerable pressure on REIT stocks recently, and…

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Azerbaijan sets guarantee to mortgage loan ratio

Baku, Azerbaijan, May 2 Trend: President of Azerbaijan Ilham Aliyev signed on May 2 a decree amending the “Decree on Ensuring the Activity of the Azerbaijan Mortgage and Credit Guarantee Fund”, dated Nov. 29, 2017. According to the amendment, when determining the ratio of the guarantee to the loan, the following ratios of collateral to the loan are taken as a basis, taking into account the risk categories. Ratio of collateral to loan Risk…

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Tanger: The Bag Is Ripped – Tanger Factory Outlet Centers, Inc. (NYSE:SKT)

Image Source: Fotolia Tanger Factory Outlet (SKT) reported earnings yesterday and the headline results were a beat, with FFO coming in ahead of expectations. However, just like the multiple times I have covered Tanger before, once you look underneath those numbers, there is a lot to be worried about. At the time of writing this article, shares were down over 5% after-hours due to Tanger lowering full-year guidance and posting negative same-center NOI. In addition to those two items, I…

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Why David Einhorn Is Mistaken On Assured Guaranty – Assured Guaranty Ltd. (NYSE:AGO)

Introduction Assured Guaranty (AGO) is one of the most undervalued stocks that I am aware of, mostly due to concerns about company’s insured exposure to the bonds of Puerto Rico. The company trades at a roughly $2.75 billion discount to its $6.839 billion book value and at about 46% of its adjusted book value of $9.02 billion. The company has been enormously profitable over the last five years despite dramatically increasing reserves for Puerto Rico. While estimating ultimate Puerto Rico…

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AMP’s credit rating at risk of downgrade amid Australia inquiry fallout -S&P

SYDNEY, May 2 (Reuters) – The credit worthiness AMP Ltd is at risk of being downgraded, S&P Global said on Wednesday, as the reputation of Australia’s largest-listed wealth manager gets savaged by a country-wide inquiry into financial sector misconduct. S&P said it would lower AMP’s ‘A’ rating by a notch to ‘A-‘ if damaging revelations of misconduct at the Royal Commission were to impact the firm’s core wealth management business or if the risk of fines and legal actions increased…

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