* James Longsdon says should have better view of US by summer. * Fitch already has tariff assumptions baked into ratings. * UK rating has more 'headroom' that France's for now. By Marc Jones.
Scorpio Tankers Inc (SBBA): * ANNOUNCES SUCCESSFUL PLACEMENT OF 5-YEAR SENIOR UNSECURED BONDS. * PLACED USD 200 MILLION OF NEW SENIOR UNSECURED BONDS IN NORDIC BOND MARKET. * NET PROCEEDS FROM BOND ISSUE SHALL BE USED TO REFINANCE EXISTING USD 70.6 MILLION SENIOR UNSECURED NOTES.
-Property developer China Vanke told some investors on Wednesday that it had no plans to extend the maturity dates of its bonds amid a market sell-off, financial news outlet REDD reported, citing two persons briefed by the company on the matter.
S&P Global Ratings revised Nissan Motor's (NSANF) credit outlook to negative from stable and affirmed its BB+ rating, as it expected it would take the Japanese automaker longer to improve its business performance.
S&P Global Ratings revised Nissan Motor's (NSANF) credit outlook to negative from stable and affirmed its BB+ rating, as it expected it would take the Japanese automaker longer to improve its business performance.
Japan's service-sector sentiment improved in December but companies expect conditions to sour ahead, a government survey showed on Tuesday, a sign the rising cost of living was weighing on household spending.
Chemtrade Logistics Income Fund : * CHEMTRADE LOGISTICS INCOME FUND ANNOUNCES PRICING OF $125 MILLION REOPENING OF SENIOR UNSECURED NOTES BY ITS WHOLLY-OWNED SUBSIDIARY, CHEMTRADE LOGISTICS INC. * CHEMTRADE LOGISTICS INCOME FUND - NOTES ISSUED AT $1,002.50 PER $1,000 PRINCIPAL AMOUNT.
* FITCH: OUTLOOK FOR AUSTRIA'S ECONOMY REMAINS SUBDUED, WITH A FORECAST OF WEAK REAL GDP GROWTH OF 0.8% FOR 2025. * FITCH REVISES AUSTRIA'S OUTLOOK TO NEGATIVE; AFFIRMS AT 'AA+' * FITCH ON AUSTRIA: A MORE SUBSTANTIAL ECONOMY RECOVERY IS ONLY EXPECTED IN 2026 Source text: Further company coverage: [ ]
* S&P: PARAGUAY OUTLOOK REVISED TO POSITIVE ON POTENTIAL IMPROVEMENT IN GROWTH AND FISCAL TRAJECTORY; 'BB+/B' RATINGS AFFIRMED. * S&P ON PARAGUAY: POSITIVE OUTLOOK INDICATES A ONE-IN-THREE CHANCE OF AN UPGRADE IN THE NEXT 12-24 MONTHS IF CONSISTENTLY STRONG ECONOMIC GROWTH.
Fitch: * FITCH: REMOVAL OF ALL OF U. S. STEEL'S RATINGS FROM RATING WATCH POSITIVE REFLECTS INCREASED UNCERTAINTY ABOUT COMPLETION OF NIPPON STEEL DEAL. * FITCH: AFFIRMS U. S. STEEL AT 'BB' AND REMOVES RATING WATCH POSITIVE; OUTLOOK STABLE. * FITCH: TO CONSIDER PLACING U. S. STEEL'S RATINGS BACK ON RWP IF PROGRESS IS MADE IN LITIGATION TO REVERSE ORDER OR IF NIPPON STEEL DEAL IS MORE LIKELY.
Argentina's state-controlled oil company YPF said on Thursday it had launched an offer for some $757 million worth of bonds maturing in July 2025, carrying an interest rate of 8.5%. The offer expires on Jan. 15, YPF said, and the settlement is set to take place on Jan. 17.
Credit ratings agency Moody's on Monday raised Sri Lanka's long-term foreign currency issuer rating to 'Caa1' from 'Ca' with a stable outlook, after the country's creditors approved a $12.55 billion debt overhaul last week.
Credit ratings agency Moody's on Monday raised Sri Lanka's long-term foreign currency issuer rating to 'Caa1' from 'Ca', after the country's creditors approved a $12.55 billion debt overhaul last week. Ratings agency Fitch had on Friday raised its long-term foreign-currency default rating on the island nation to 'CCC+' from 'restricted default'.
Moody's: * MOODY'S RATINGS UPGRADES SRI LANKA TO CAA1 AND ASSIGNS DEFINITIVE CAA1 RATINGS TO THE NEW USD-DENOMINATED ISSUANCES; OUTLOOK STABLE. * MOODY'S: UPGRADE ISSUER RATING TO CAA1 DRIVEN BY CONCLUSION OF RESTRUCTURING OF SRI LANKA'S INTERNATIONAL BONDS HELD BY PRIVATE-SECTOR CREDITORS. * MOODY'S ON SRI LANKA: STABLE OUTLOOK REFLECTS BALANCED RISKS TO RATINGS.
Fitch: * FITCH RATINGS: LIFE INSURANCE CREDIT LOSSES TO RISE WITHIN RATINGS EXPECTATIONS IN 2025. * FITCH: NORTH AMERICAN LIFE INSURER CREDIT LOSSES TO REMAIN BENIGN IN 2025 Source text:
Fitch: * FITCH UPGRADES SRI LANKA TO 'CCC+' * FITCH: ALSO UPGRADED SRI LANKA'S LOCAL-CURRENCY IDR TO 'CCC+' * FITCH: UPGRADE REFLECTS FITCH'S ASSESSMENT THAT SRI LANKA HAS NORMALISED RELATIONS WITH A MAJORITY OF CREDITORS. * FITCH ON SRILANKA: RESTRUCTURING OF DEBT OWED TO OFFICIAL CREDITORS IS EXPECTED TO BE COMPLETED BY END-2024.
German consumer sentiment is
expected to improve slightly at the start of next year but at a
low level as high food and energy prices and job insecurity
weigh on households, a survey showed on ...
Casella Waste Systems Inc (CWST): * CASELLA WASTE SYSTEMS, INC. ANNOUNCES PRICING OF UP TO $45.0 MILLION OF FINANCE AUTHORITY OF MAINE SOLID WASTE DISPOSAL REVENUE BONDS.
Starwood Property Trust Inc (STWD): * STARWOOD PROPERTY TRUST ANNOUNCES PRIVATE OFFERING OF SUSTAINABILITY BONDS. * Starwood Property Trust Inc (STWD) - TO OFFER $400 MILLION IN SENIOR NOTES DUE 2030. * Starwood Property Trust Inc (STWD) - PROCEEDS TO REPAY $400 MILLION OF 3.750% SENIOR NOTES DUE 2024 Source text: Further company coverage:
ATS Corp (ATS): * ATS ANNOUNCES OFFERING AND PRICING OF UPSIZED REOPENING OF $200 MILLION SENIOR NOTES DUE 2032. * ATS Corp (ATS) - ANNOUNCES UPSIZED REOPENING OF $200 MILLION SENIOR NOTES DUE 2032. * ATS Corp (ATS) - TO SELL ADDITIONAL $200 MILLION OF 6.50% SENIOR UNSECURED NOTES Source text: Further company coverage:
Xcel Energy Inc (XEL): * XCEL ENERGY ANNOUNCES THE PRICING TERMS AND UPSIZING OF ITS CASH TENDER OFFERS FOR OUTSTANDING FIRST MORTGAGE BONDS ISSUED BY NORTHERN STATES POWER COMPANY. * Xcel Energy Inc (XEL) - UPSIZES TENDER OFFERS TO $166 MILLION Source text: Further company coverage:
Moody's Ratings said it had raised China's 2025 GDP growth forecast to 4.2% from 4.0%, as it expected credit conditions to stabilise and Beijing's stimulus efforts since September to mitigate some impact from potentially higher U.S. tariffs.
- The Slovak Finance Ministry has criticised a credit downgrade announced by ratings agency Moody's late on Friday, saying it was based on an incorrect political evaluation. Moody's cut the country's rating by one notch to A3 and changed its outlook to stable from negative, alongside a cut in the rating of France.
- S&P Global Ratings on Tuesday downgraded chipmaker Intel Corp's (INTC) credit rating to 'BBB' from 'BBB+', on slow business recovery and uncertainty following management changes. The chipmaking icon's revenue for the first nine months of this year, which was roughly flat year-on-year at $38.84 billion, was below the ratings agency's expectations, S&P Global said.
S&P Global Ratings on Tuesday downgraded chipmaker Intel Corp's (INTC) credit rating to 'BBB' from 'BBB+', on slow business recovery and uncertainty following management changes. The chipmaking icon's revenue for the first nine months of this year, which was roughly flat year-on-year at $38.84 billion, was below the ratings agency's expectations, S&P Global said.
Eaton Vance Municipal Bond Fund (EIM) : * EATON VANCE MUNICIPAL BOND FUND ANNOUNCES COMMENCEMENT OF TENDER OFFER Source text: Further company coverage:
Manulife Financial Corp (MFC): * MANULIFE CAUTIONS INVESTORS REGARDING NEW YORK STOCK AND BOND LLC OFFER FOR SHARES. * Manulife Financial Corp (MFC): NO WAY ASSOCIATED WITH NEW YORK STOCK AND BOND AND DOES NOT RECOMMEND OR ENDORSE ACCEPTANCE OF UNSOLICITED OFFER. * MANULIFE FINANCIAL (MFC): BEEN NOTIFIED OF UNSOLICITED MINI-TENDER OFFER MADE BY NEW YORK STOCK AND BOND LLC Source text: Further company coverage:
VICI Properties Inc (VICI): * VICI PROPERTIES ANNOUNCES PRICING OF PUBLIC OFFERING OF $750 MILLION OF SENIOR UNSECURED NOTES. * VICI Properties Inc (VICI) - PRICES $750 MILLION OF 5.125% SENIOR UNSECURED NOTES DUE 2031 Source text: Further company coverage:
* EM FX flat; stocks up 0.57% * Lebanon's dollar bonds rally. * China Politburo implies more policy easing. By Pranav Kashyap. Turkish construction and cement company shares surged on Monday, buoyed by expectations that they will benefit from rebuilding in neighbouring Syria.
S&P : * S&P SAYS SLOVENIA OUTLOOK REVISED TO POSITIVE FROM STABLE ON FAVORABLE ECONOMIC OUTLOOK; 'AA-/A-1+' RATINGS AFFIRMED. * S&P SAYS SLOVENIA'S OUTLOOK REFLECTS EXPECTATION OF ONE-IN-THREE LIKELIHOOD THAT ECONOMIC GROWTH WILL REMAIN RESILIENT OVER NEXT TWO YEARS. * S&P SAYS REVISED SLOVENIA'S OUTLOOK TO POSITIVE AS REAL GROWTH PROSPECTS FROM 2025 REMAIN STRONGER THAN PEERS'
FITCH: * FITCH REVISES HUNGARY'S OUTLOOK TO STABLE; AFFIRMS AT 'BBB' * FITCH: POLITICAL CONSIDERATIONS WILL CONTINUE TO LIMIT HUNGARY'S FULL ACCESS TO EU FUNDS. * FITCH ON HUNGARY SAYS EXPECT PRIVATE CONSUMPTION TO ACCELERATE NEXT YEAR GIVEN THE HIGH LEVEL OF SAVINGS AND SOLID REAL WAGE GROWTH Source text:
A group of climate vulnerable nations is using a U.N. meeting this week to push for a credit ratings overhaul, arguing ratings should reflect climate resilience measures, an advisor to the group told Reuters.
* FITCH RATINGS: CHINA'S HOMEBUILDERS BRACE FOR ANOTHER TOUGH YEAR IN 2025. * FITCH RATINGS - HOME SALES IN CHINA WILL CONTINUE TO DECLINE BY 15% Source text:
Doman Building Materials Group Ltd (CWXZF) : * Doman Building Materials Group Ltd (CWXZF). ANNOUNCES OFFERING AND PRICING OF REOPENING OF $100 MILLION SENIOR NOTES DUE 2029. * Doman Building Materials Group Ltd (CWXZF) - TO SELL ADDITIONAL $100 MILLION OF 7.50% SENIOR UNSECURED NOTES Source text: Further company coverage:
Fitch: * FITCH: SECTOR OUTLOOK FOR U.S. BANKS REVISED TO NEUTRAL IN 2025 FROM DETERIORATING IN 2024. * FITCH: U.S. BANKS WILL BENEFIT FROM A MORE SUPPORTIVE OPERATING ENVIRONMENT IN 2025 Source text:
Qube Holdings Ltd (QUBHF): * QUBE SUCCESSFULLY PRICES A$600 MILLLION OF SENIOR UNSECURED NOTES. * 7 YEAR NOTES PRICED AT A YIELD OF APPROXIMATELY 5.65% * SETTLEMENT OF ISSUANCE IS SCHEDULED ON 11TH DEC Further company coverage:
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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