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Petersburg’s credit rating increase smoothes way for new projects
22 Nov 2024 22:19 GMT
On Tuesday, the Standard & Poor's Global Ratings upgraded Petersburg’s general obligation bond rating to AA- from A+.
The city said on its website the 2024 bond proceeds will finance the new courthouse, the renovation of a new police station, the …
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City of Omaha receives high bond rating from major credit rating agencies
22 Nov 2024 18:24 GMT
OMAHA, Neb. (WOWT) - After reviews from Moody’s Investors Services and S&P Global, Omaha’s bond rating will remain high between both organizations.
Following their review of Omaha’s 2023 financial condition, S&P assigned a AA+ rating with a stable …
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S&P Warns It May Downgrade Chicago’s Credit Rating Amid Budget Fight
20 Nov 2024 17:41 GMT
(Bloomberg) -- Chicago’s credit rating is at risk as Mayor Brandon Johnson and the city council spar over how to close a nearly $1 billion deficit in next year’s budget. Most Read from Bloomberg S&P Global Ratings late Tuesday put the city on “ …
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Rand volatility persists despite credit rating upgrade offering glimmer of hope
20 Nov 2024 04:11 GMT
Nicola Mawson
The rand continued its wild ride as one of the world’s most volatile currencies yesterday, weakening 0.7% to R18.07 by 4pm and pulling back from a one-week high of R17.95/$1 reached on Monday following an uplift from S&P Global …
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VF Corp. Credit Rating Downgraded to Junk Status
19 Nov 2024 19:46 GMT
S&P Global Ratings downgraded VF Corp.’s credit rating in large part because of continuing declines at its top four brands, most notably Vans.
Last week, S&P said VF’s credit rating is now BB – which is considered junk status – down from BBB-, …
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S&P upgrades Petersburg’s bond rating to AA-, reflecting financial resurgence
21 Nov 2024 13:30 GMT
S&P Global Ratings has upgraded the city of Petersburg’s general obligation (GO) bond rating to AA- from A+, a move that highlights the city’s strengthened financial health and steady progress toward fiscal stability. The upgrade underscores Petersburg …
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S&P Global Market Intelligence Report Finds Commercial Real Estate Lenders Feeling Stress But Weathering The Storm
20 Nov 2024 22:55 GMT
(MENAFN- PR Newswire)
NEW YORK, Nov. 20, 2024 /PRNewswire/ -- Changes in post-pandemic behavior and a larger debt service due to higher interest rates presents challenges to the viability of many commercial Real estate borrowers. While those …
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Magazine Luiza (MGLU3) Selic-proof? S&P raises credit risk outlook; check it out
20 Nov 2024 15:20 GMT
(Image: Disclosure/ Magazine Luiza)
The risk rating agency S&P Global raised the outlook for the country’s national credit rating Magazine Luiza (MGLU3) to “brAA-”. The company went from negative to stable status, due to the results presented in …
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S&P affirms Commercial Bank’s rating at A-/Stable/A-2
20 Nov 2024 08:43 GMT
Doha: Standard & Poor’s (S&P) Global Ratings has affirmed Commercial Bank’s issuer credit ratings at A-/A-2 with a stable outlook.
According to S&P, “The stable outlook on Commercial Bank reflects our view that the Bank will continue to …
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What are the challenges Donald Trump's treasury chief pick Scott Bessent faces?
23 Nov 2024 10:38 GMT
President-elect Donald Trump announced on Friday that billionaire Scott Bessent is his choice for the next Treasury Secretary.
“Scott has long been a strong advocate of the
America First Agenda…he will help me usher in a new Golden Age for the United …