Credit Rating

Superior Plus Updates Evolution 2020 Goals and Will Host 2018 Investor Day

TORONTO — Superior’s (TSX: SPB) 2018 Investor Day will be held today at the One King West hotel in Toronto, Ontario, with the formal presentation scheduled to begin at 9 a.m. EDT. An overview of the acquisition of NGL Propane and a detailed update on Superior’s current operations, integration of Canwest Propane, financial position and Evolution 2020 will be presented. Evolution 2020 is a strategic initiative which historically has included an aspirational goal to increase EBITDA from operations by a…

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Morningstar’s Rally Is Stretched – Morningstar, Inc. (NASDAQ:MORN)

We hit upon quite a remarkable graph, a real beauty: Just from the all green for the last two months, there must really be some good stuff going on here, but also the shares are about to close in on the world record for highest RSI. It presently stands at the unprecedented level of 95.34. We don’t remember having seen anything like this. Will gravity ever set in here? Morningstar (MORN) is a research outfit for investors, you can see…

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Rise in May exports expected; labour-intensive field may continue to suffer

India’s exports in May – figures for which are set to be released later today – are expected to show growth based on global factors but may not be able to bring out labour-intensive sectors out of their current contraction. Spurred by double-digit growth in shipment of engineering goods and pharma products, exports rose by 5.71 per cent at $25.91 billion in April. This was a recovery since exports had dipped 0.66 per cent…

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Banks facing billion-dollar hit — NationNews Barbados — Local, Regional and International News nationnews.com

The balance sheets of three of Canada’s leading commercial banks in Barbados may take a billion-dollar hit as a result of the suspension of loan payments to foreign lenders. The Canadian Imperial Bank of Commerce, Royal Bank of Canada and ScotiaBank were among the largest lenders to the Freundel Stuart Administration in the last decade. Following the May 24 election which saw the Democratic Labour Party unable to win a seat in the House of Assembly, the Mia Amor Mottley…

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WSFS gets high rating for debt

For a third consecutive year, Kroll Bond Rating Agency (KBRA) has reaffirmed the senior debt rating of A- for WSFS Financial Corporation, the parent company of WSFS Bank. The A- debt rating is among the highest that KBRA issues under its Bank Financial Strength Ratings scale. KBRA also reaffirmed WSFS’ subordinated debt rating of BBB+ and a short-term debt rating of K2. WSFS Bank, the company’s main subsidiary, received strong credit ratings as well, including an A rating for deposit…

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More steps mulled to curb monetary risks –China Economic Net

China should make great efforts to identify, warn of and handle financial risks as early as possible so that the risks can be “nipped in the bud”, said Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission. “By making prudential monitoring indicators, conducting pressure tests, straightening up standards and implementing early intervention, we have effectively contained the accumulation of risks in certain areas that have comparatively large hidden hazards of posing a systemic risk to the financial system,…

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Flailing Eskom out of options | Business

Eskom’s severe financial constraints, outlined in stark detail in court papers, reveal why it has stuck to its 0% wage offer, a rare move for a state-owned entity. It is asking the courts to compel the National Energy Regulator of South Africa (Nersa) to review its most recent tariff decision of a 5.23% increase for the 2018-2019 financial year. The plea, served on Nersa on June 7, reveals Eskom’s still-precarious financial position. A key element of the application is the threat…

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KBRA Releases Rating Report for the MTA Transportation Authority Transportation Revenue Bond Anticipation Notes Series 2018B

On June 13, 2018, Kroll Bond Rating Agency (KBRA) assigned a short-term rating of K1+ to the Metropolitan Transportation Authority (MTA) Transportation Revenue Bond Anticipation Notes (BANs) Series 2018B consisting of Subseries 2018B-1 and 2018B-2. The two Subseries are scheduled to mature on May 15, 2020 and May 15, 2021, respectively. Concurrently, KBRA affirmed the long-term rating of AA+ with a Stable Outlook on the MTA Transportation Revenue Bonds and short-term rating of K1+ on the MTA’s Transportation Revenue BANs…

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How General Mills Stacks Up To Kraft Heinz And Kellogg – General Mills, Inc. (NYSE:GIS)

I am still on my quest for quality companies in the consumer staples sector. I am still sure that the packaged food sub-sector does offer value at the current prices. While the companies in this sector suffer from hardships, it resembles the hardships in the oil industry in 2014. The obstacles hit the entire sector, and just like with the energy sector, the stronger will survive, and may even be a leaner more efficient company. In previous articles I analyzed…

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multibaggers: This Mumbai finance pro gave up top job to turn stock investor, has a knack for picking multibaggers

The best time to judge a business is when it is going through a difficult phase, which comes in the life of every enterprise. The management’s response to such situations is a very important input for an investor. This bit of wisdom coming from a 43-year-old speaks volumes about this stock investor from Kandivali, Mumbai, who has made money with both hands in a couple of multibagger stocks that he discovered early, but still does not shy away from talking…

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BE AN ENTREPRENEUR. HAVE YOUR OWN BUSINESS. THIS IS THAT ONCE IN A LIFETIME OPPORTUNITY – Credit Rating News Today

BE AN ENTREPRENEUR. HAVE YOUR OWN BUSINESS. THIS IS THAT ONCE IN A LIFETIME OPPORTUNITY – Credit Rating News Today – EIN News Trusted News Since 1995 A service for global professionals · Thursday, June 14, 2018 · 451,588,935 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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AAC Holdings Announces S&P Global Has Affirmed its Credit Rating and Positive Outlook on Improved Business Fundamentals

BRENTWOOD, Tenn., June 14, 2018 /PRNewswire/ — AAC Holdings, Inc. AAC, -0.49% today announced that S & P Global (“S&P”) has maintained its B- corporate credit rating and positive outlook on the Company in a report released earlier today. In that report, S&P also affirmed the company’s B- rating on the entity’s senior secured credit facility, which…

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Moody’s affirms Australian triple-A rating

By Australian Associated Press Published: 07:17 EDT, 14 June 2018 | Updated: 07:17 EDT, 14 June 2018 Credit rating agency Moody’s has given the Australian economy the thumbs-up, keeping the country on a triple-A rating with a stable outlook. Australia has now notched up the rating from all three major agencies, with Moody’s citing the country’s strong growth, institutions, economic diversity and flexibility. Moody’s on Thursday acknowledged the federal government’s commitment to fiscal consolidation, and its ongoing aim to restrain…

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Artificial intelligence can predict the future – and it looks grim

A computer has been taught to gaze five minutes into the future and foresee events which have not yet happened Scientists have taught a computer to predict events five minutes in advance in a chilling demonstration of the power of artificial intelligence. A team from the University of Bonn used artificial intelligence to guess what a chef was going to do before they did it. Bunch of idiots destroy 320,000,000 years of history in a few stupid seconds Their program…

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S&P confirms ratings of private Uzbek bank

Baku, Azerbaijan, June 14 By Fikret Dolukhanov – Trend: The international rating agency S&P Global Ratings confirmed the long-term and short-term credit ratings of the issuer of the Uzbek Orient Finance PJSCB at the level of “B-/B” with the “stable” forecast on June 13, 2018, S&P Global Ratings stated in its press release. “Confirmation of the ratings reflects our view that there is a slight decrease in the risk of negative intervention on the part of the regulator, as the…

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