Credit Rating

Regulator slashes Eskom’s revenue – Moneyweb

Energy regulator Nersa on Friday announced that it granted Eskom little more than a quarter of the 19.9% tariff increase it applied for for 2018/19 and in fact slashed its revenue to considerably less than it was entitled to in the current year. Electricity tariffs will increase by an average 5.23% on March 31 next year for Eskom’s direct clients. The average percentage increase for municipalities will be determined in January and will be implemented on June 1. Nersa will…

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BZ WBK takeover of Deutsche Bank Polska rating neutral – Fitch

Fitch rating agency analysts assume that the acquisition of a part of Deutsche Bank Polska will not affect the credit rating of BZ WBK, due to the small scale of transactions and the planned increase in BZ WBK’s capital in connection with the acquisition. “The transaction will increase BZ WBK’s gross loans, deposits, and assets… This content is for Silver 6 months, Gold 1 Year and Bronze 2 weeks members only.Log In Buy Subscription Source link

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Governor LePage’s Letter to Legislative Leadership Outlining Principles of Medicaid Expansion

By Governor Paul R. LePage Medicaid expansion, as passed by the voters on November 7, 2017, will become law shortly. The Legislature must now step up and identify a way to fund this, and it is your duty to the people of Maine to identify a way to pay for expansion that is both fiscally prudent and sustainable. Implementation and funding of Medicaid expansion must be based on the cost estimates of the Maine Department of Health and Human Services,…

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Colcap Falls Slightly On Bancolombia’s Downgrade By S&P

(Agencia CMA Latam) – Colcap, the main index of the Colombian Stock Exchange, traded down 0.12% near the end of the Thursday’s trade at 1,470.94 points as Bancolombia’s shares dropped after Standard & Poor’s downgraded the company’s credit rating. Marcela Ramírez, an analyst at Acciones & Valores, noted that S&P’s decision is influencing the performance of the bank’s shares, which have shown volatility during the last few sessions. The shares of ISA (+1.87%), Canacol (+1.33%), Cemargos (+1.30%), Grupo Aval (+0.39%),…

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Indian stocks look to mirror China’s 2017 performance

Investors hold a tolerance level of about 12 to 18 months for new initiatives to flow into these economies and produce results Emerging markets are beginning to encounter headwinds. Following positive returns in the year to date, the temptation to take profits surfaces as political concerns grow particularly in the Middle East, South America and Southern Africa. Within the emerging market asset class, Asian equities remain attractive, supported by pro-growth policies and robust economic dynamics resulting from rising domestic and…

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Iowa does well in national study | News, Sports, Jobs

There is a Delawaare corporation — 24/7 Wall St. LLC — that runs a financial news and opinion company. For eight years, it has annually reviewed economic indicators, budget allocations, balance sheets and assorted social measures to evaluate – and rank — each of the 50 American states in terms of how well-run they are. In the most recent 24/7 Wall St. study, which was published Dec. 6, Iowa ranks an impressive No. 3 in the nation. It is only…

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Recession chances receding as business gains momentum and budget deficit shrinks

Updated December 17, 2017 13:05:46 Photo: A little less bearish. Strategist Gerard Minack says improved business conditions over the past six months has reduced the chance of recession. (Flickr: Janne Aaltonen) First, the good news. Gerard Minack, one of the most astute, if bearish, of market strategists has significantly dialled down his odds of an Australian recession next year. The week ahead: MYEFO release expected to show budget $4bn better off than original forecast (Monday) RBA minutes no change, rates…

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Why business could prosper under a Corbyn government | Business

While the Daily Mail, with Pavlovian regularity, persists in ringing the “Marxist” alarm bell, the Financial Times is a little more measured. “Labour has a fair wind” with business leaders, the paper argued this month, “with many terrified of a hard Brexit”. At the CBI’s annual conference in November, leaders of industry gave Jeremy Corbyn a distinctly warmer welcome than they gave Theresa May. That should come as no surprise, given the destabilising extremism of the Conservative Brexiters. Their echoing…

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Rebuild SARS skills base to tackle tax evasion – business leader

Johannesburg – Investec Banking SA CEO Richard Wainwright has argued SA’s ability to tackle transfer pricing, trade misinvoicing and illicit financial outflows is directly linked to the internal capacity of the SA Revenue Service (SARS). “It’s fairly common knowledge that [SARS] institutional skill base needs to be rebuilt,” he said. The Financial Intelligence Centre (FIC) estimates that nearly R60bn left the country illicitly in 2015/2016. Parliament’s Standing Committee on Finance, meanwhile, has spoken out about the slow pace of curbing…

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Zuma calls for party unity as ANC meets to elect new…

By Alexander Winning and Nqobile Dludla JOHANNESBURG, Dec 16 (Reuters) – South Africa’s Jacob Zuma gave his last speech as African National Congress head on Saturday, as the only party in power since the end of apartheid prepared to pick its next leader, and likely future president, in a vote that was too close to call. The election is perhaps the most pivotal moment for the ANC in its 23 years of power. Scandal and corruption allegations have tainted Zuma’s…

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Impel the Growth of Transcatheter Aortic Valve Replacement System Market in Future – Credit Rating News Today

Transcatheter Aortic Valve Replacement System Market Increasing Prevalence of Chronic Diseases is Expected to Impel the Growth of Transcatheter Aortic Valve Replacement System Market in Future BROOKYLN, NEW YORK, UNITED STATES, December 16, 2017 /EINPresswire.com/ — “Transcatheter Aortic Valve Replacement System Market: Global Demand Analysis & Opportunity Outlook 2024” The global transcatheter aortic valve replacement system market is segmented by surgery method such as transfemoral, transaortic, trans-subclavian, transapical access, transcarotid, and transcaval. Among these segments, transfemoral segment is anticipated to…

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India Ratings & Research reaffirms credit ratings of Welspun India

India Ratings & Research, a Fitch Group Company has reaffirmed the credit rating of Welspun India Limited. The Long term issuer rating has been reaffirmed as IND AA-/Stable. The Short term issuer rating is reaffirmed as IND A1+. The Commercial Paper rating is reaffirmed as IND A1+. Shares of WELSPUN INDIA LTD. was last trading in BSE at Rs.68.9 as compared to the previous close of Rs. 68.25. The total number of shares traded during the day was 139493 in…

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Fitch upgrades Ireland’s credit rating to A+

Ratings agency Fitch has up upgraded Ireland’s sovereign credit rating. One of the world’s three main credit rating agencies, Fitch cited the significant reduction in Ireland’s annual debt service costs, progress in restoring the banking system and favourable developments in eliminating contingent liabilities of the State as the reasons for the move. It means Ireland’s sovereign credit rating with the agency is now A+, while Fitch also moved Ireland’s short-term rating to the highest category of F1+. The upgrade follows…

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Fitch Places Global Logistic Properties’ ‘BBB+’ Ratings on Watch Negative

(The following statement was released by the rating agency) HONG KONG/SHANGHAI, December 15 (Fitch) Fitch Ratings has placed Global Logistic Properties Limited’s (GLP) ‘BBB+’ Long-Term Foreign-Currency Issuer Default Rating (IDR), its senior unsecured rating and rating of all its outstanding bonds on Rating Watch Negative (RWN). A full list of rating actions is at the end of this commentary. GLP’s ratings have been placed on RWN pending a review of GLP’s operational and financing plan after its proposed privatisation in…

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BRIEF-S&P says El Salvador Outlook Revised To Positive; ‘CCC+/C’ Ratings Affirmed‍​

Dec 15 (Reuters) – S&P: * S&P – EL SALVADOR OUTLOOK REVISED TO POSITIVE ON EXPECTATION OF A MIDTERM FINANCING AGREEMENT; ‘CCC+/C’ RATINGS AFFIRMED‍​ * S&P – REVISING OUTLOOK ON EL SALVADOR TO POSITIVE FROM STABLE AND AFFIRMING OUR ‘CCC+/C’ SOVEREIGN CREDIT RATINGS‍​ * S&P – IN EL SALVADOR FAILURE TO PROMOTE PRIVATE INVESTMENTS WILL LIKELY IMPEDE ECONOMIC GROWTH IN THE COMING YEARS.‍​ * S&P-REACHING AGREEMENT IN EL SALVADOR‘S CONGRESS WOULD RESOLVE DOUBTS ABOUT GOVERNMENT‘S ABILITY TO REFINANCE FUTURE AMORTIZATIONS…

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Fitch Affirms Western Union’s IDR at ‘BBB+’; Outlook Stable

(The following statement was released by the rating agency) CHICAGO, December 14 (Fitch) Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) and senior unsecured debt ratings of The Western Union Company (Western Union) at ‘BBB+’ and the Short-Term IDR at ‘F2’. The Rating Outlook is Stable. See the full list of ratings at the end of this release. KEY RATING DRIVERS Strong Competitive Position: Fitch believes Western Union operates from a strong competitive position, particularly with regard to…

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