* MOODY'S RATINGS DOWNGRADES SENEGAL TO B1, PLACES RATINGS ON REVIEW FOR DOWNGRADE. * MOODY'S ON SENEGAL: DOWNGRADE IS DRIVEN BY A SIGNIFICANTLY WEAKER FISCAL AND DEBT POSITION THAN WE HAD PREVIOUSLY ASSESSED. * MOODY'S: SENEGAL'S LOCAL & FOREIGN CURRENCY COUNTRY CEILINGS HAVE BEEN LOWERED TO BAA3 AND BA1, RESPECTIVELY.
Fitch is unlikely to upgrade Brazil's credit rating in the near-term, despite its better-than-expected economic growth, because of doubts the country will be able to significantly improve public finances, a director in its sovereign ratings group said. Fitch currently rates Brazil's credit as BB, two notches below investment grade, with a stable outlook.
Keysight Technologies Inc (KEYS): * KEYSIGHT TECHNOLOGIES ANNOUNCES PRICING OF PUBLIC OFFERING OF SENIOR UNSECURED NOTES. * Keysight Technologies Inc (KEYS) - PRICES $600 MILLION PUBLIC OFFERING OF SENIOR UNSECURED NOTES. * Keysight Technologies Inc (KEYS) - NOTES MATURE IN 2034 WITH 4.950% ANNUAL INTEREST RATE Source text for Eikon: Further company coverage:
Ferguson Enterprises Inc (FERG): * REG-Ferguson Enterprises Inc (FERG). FERGUSON PRICES $750 MILLION OF SENIOR UNSECURED NOTES. * Ferguson Enterprises Inc (FERG) - PRICED A PUBLIC OFFERING OF $750 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF 5.000% SENIOR UNSECURED NOTES DUE 2034 Source text for Eikon: Further company coverage:
Ratings agency Moody's upgraded Brazil's long-term issuer and senior unsecured bond ratings to Ba1 from Ba2 on Tuesday, leaving Latin America's largest economy just one step away from regaining investment grade. A higher rating reflects improved creditworthiness, enabling countries to issue debt at lower interest rates.
S&P: * S&P SAYS ISRAEL LONG-TERM RATINGS LOWERED TO 'A' FROM 'A+' ON HEIGHTENED SECURITY RISK; OUTLOOK NEGATIVE. * S&P: INCREASING LIKELIHOOD THAT ISRAEL'S CONFLICT WITH HEZBOLLAH BECOMES MORE PROTRACTED AND INTENSIFIES, POSING SECURITY RISKS FOR ISRAEL. * S&P SAYS DOWNGRADE REFLECTS FALLOUT ON ISRAEL'S ECONOMY AND PUBLIC FINANCES FROM A WORSENING CONFLICT WITH HEZBOLLAH IN LEBANON.
Ratings agency Moody's upgraded Brazil's long-term issuer and senior unsecured bond ratings to Ba1 from Ba2 on Tuesday, maintaining a positive outlook for the country. The move leaves Latin America's largest economy just one step away from regaining an investment grade rating. A superior rating reflects enhanced creditworthiness, allowing nations to issue debt at reduced interest rates.
F&G Annuities & Life Inc (FG): * F&G ANNUITIES & LIFE PRICES SENIOR UNSECURED NOTES OFFERING. * F&G Annuities & Life Inc (FG) - PRICES $500 MILLION SENIOR NOTES DUE 2034 Source text for Eikon: Further company coverage:
Moody's: * MOODY'S RATINGS UPGRADES BRAZIL'S RATINGS TO BA1 AND MAINTAINS POSITIVE OUTLOOK. * MOODY'S ON BRAZIL: UPGRADE REFLECTS MATERIAL CREDIT IMPROVEMENTS WHICH WE EXPECT TO CONTINUE. * MOODY'S ON BRAZIL: IN NEXT FEW YEARS, SEE GROWTH TO REMAIN BROAD-BASED WITH DOMESTIC DEMAND PROPELLED BY A RELATIVELY STRONG LABOR MARKET.
* MOODY'S RATINGS: DOWNGRADES DIRECTV'S CFR TO B1, PLACES RATINGS ON REVIEW FOR DOWNGRADE FOLLOWING AGREEMENT TO ACQUIRE DISH DBS Source text for Eikon: Further company coverage:
Ameren Corp (AEE): * AMEREN MISSOURI ANNOUNCES PRICING OF GREEN FIRST MORTGAGE BONDS DUE 2055. * Ameren Corp (AEE) - PRICES $450 MILLION OF 5.125% FIRST MORTGAGE BONDS DUE 2055 AT 99.881% OF PRINCIPAL AMOUNT Source text for Eikon: Further company coverage:
US Foods Holding Corp (USFD): * US FOODS ANNOUNCES PRICING OF PRIVATE OFFERING OF $500 MILLION OF SENIOR UNSECURED NOTES. * US Foods Holding Corp (USFD) - PRICES $500 MILLION OF 5.75% SENIOR UNSECURED NOTES DUE 2033 Source text for Eikon: Further company coverage:
US Foods Holding Corp (USFD): * US FOODS ANNOUNCES PRIVATE OFFERING OF $500 MILLION OF SENIOR UNSECURED NOTES. * US Foods Holding Corp (USFD) - ANNOUNCES $500 MILLION OFFERING OF SENIOR UNSECURED NOTES DUE 2033. * US Foods Holding Corp (USFD) - PROCEEDS TO REPAY PORTION OF TERM LOAN FACILITY Source text for Eikon: Further company coverage:
Starwood Property Trust Inc (STWD) : * STARWOOD PROPERTY TRUST ANNOUNCES PRICING OF PRIVATE OFFERING OF SUSTAINABILITY BONDS. * Starwood Property Trust Inc (STWD) - PRICES $400 MILLION IN 6.000% NOTES DUE 2030. * Starwood Property Trust Inc (STWD) - NOTES PRICED AT 100% OF PRINCIPAL AMOUNT, SETTLEMENT EXPECTED OCT 10 Source text for Eikon: Further company coverage:
Stella-Jones Inc (STLJF): * STELLA-JONES ANNOUNCES PRIVATE OFFERING OF C$400 MILLION OF 7-YEAR SENIOR UNSECURED NOTES Source text for Eikon: Further company coverage:
Royal Caribbean Cruises Ltd (RCL): * ROYAL CARIBBEAN GROUP ANNOUNCES COMPLETION OF $1.5 BILLION OFFERING OF SENIOR UNSECURED NOTES TO REFINANCE EXISTING INDEBTEDNESS Source text for Eikon: Further company coverage:
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 FINANCE OR REFINANCE ELIGIBLE GREEN AND SOCIAL PROJECTS Source text for Eikon: Further company coverage:
* MOODY'S: POSITIVE OUTLOOK REFLECTS THAT TAJIKISTAN'S IMPROVING DIALOGUE WITH INTERNATIONAL PARTNERS, RAISES POSSIBILITY FOR FUNDING SUPPORT. * MOODY'S: POSITIVE OUTLOOK ALSO REFLECTS A HIGHER LIKELIHOOD THAT TAJIKISTAN'S GOVERNMENT CAN MAINTAIN ITS PUBLIC DEBT AT MODERATE LEVEL.
* * Thames is UK's largest water firm serving 16 million customers. * Problems are a crisis for new UK government. By Marc Jones. S&P and Moody's slashed the credit rating of Thames Water on Wednesday with both firms warning that Britain's largest and most troubled water provider was fast running out of money and on the brink of default.
Rating firm Moody's downgraded Britain's Thames Water's corporate family rating deeper into junk territory on Wednesday, the second time in two months, after raising doubts about the country's largest water provider securing new equity funds to stay afloat. The CFR of debt-laden Thames Water has been downgraded to "Caa1" from "Ba2".
* FITCH: EXPECT U.S. FEDERAL RESERVE MONETARY POLICY-EASING CYCLE TO BE MILD & SLOW BY HISTORICAL STANDARDS. * FITCH: CORPORATE BALANCE SHEETS REMAIN HEALTHY AND OUTLOOK FOR NORTH AMERICA IG CORPORATES IS CURRENTLY NEUTRAL Source text for Eikon: Further company coverage: [ ]
China's central bank lowered the cost of its medium-term loans to banks on Wednesday in a move consistent with broad policy easing measures announced a day earlier to shore up a flailing economy.
S&P Global. * S&P : JAMAICA OUTLOOK REVISED TO POSITIVE FROM STABLE ON INSTITUTIONAL STRENGTHENING. * S&P: CAUTIOUS PUBLIC SECTOR MANAGEMENT WITH MACROECONOMIC POLICY THAT ENHANCE ECONOMIC RESILIENCE, COULD STRENGTHEN JAMAICA'S INSTITUTIONAL FRAMEWORK.
GFL Environmental Inc (GFL): * GFL Environmental Inc (GFL). ANNOUNCES PROPOSED OFFERING OF US$210 MILLION OF TAX-EXEMPT INDUSTRIAL REVENUE BONDS Source text for Eikon: Further company coverage:
Cion Investment Corp (CION): * CION INVESTMENT CORPORATION ANNOUNCES THE ISSUANCE OF ADDITIONAL $100 MILLION FLOATING RATE SENIOR UNSECURED NOTES DUE 2027. * Cion Investment Corp (CION) - NOTES TO BEAR INTEREST AT SOFR PLUS 3.90% CREDIT SPREAD. * Cion Investment Corp (CION) - PROCEEDS TO REPAY DEBT, INVEST IN PORTFOLIO COMPANIES, AND FOR WORKING CAPITAL Source text for Eikon: Further company coverage:
Fitch: * FITCH REVISES PORTUGAL'S OUTLOOK TO POSITIVE; AFFIRMS IDR AT 'A-' * FITCH-POSITIVE OUTLOOK REFLECTS CONTINUED PROGRESS IN REDUCING PUBLIC DEBT,COMMITMENT TO PRUDENT FISCAL POLICY,WHICH REDUCE PORTUGAL'S VULNERABILITIES. * FITCH-POSITIVE OUTLOOK REFLECTS CONTINUED PROGRESS IN ONGOING EXTERNAL DELEVERAGING WHICH REDUCE PORTUGAL'S VULNERABILITIES.
Moody's: * MOODY'S RATINGS CHANGES PERU'S OUTLOOK TO STABLE FROM NEGATIVE, AFFIRMS BAA1 RATINGS. * MOODY'S ON PERU: OUTLOOK CHANGE REFLECTS ASSESSMENT THAT ADOPTION OF POLITICAL REFORMS ALLEVIATES MEDIUM-TERM CONCERNS ABOUT INSTITUTIONAL STABILITY Source text for Eikon:
Morgan Stanley on Friday downgraded earnings estimates for computer chip equipment maker ASML, the latest brokerage to do so following weakness in the memory chip market and concerns over demand from Chinese chipmakers and Intel (INTC). MS followed UBS and Deutsche Bank in cutting estimates and reducing share price targets for ASML after the company's share price slid 30% in July and August.
Asante Gold Corp (ASGOF): * ASANTE ANNOUNCES APPROVAL OF BASE SHELF PROSPECTUS FOR GHANAIAN BOND OFFERING UP TO US$400 MILLION. * Asante Gold Corp (ASGOF) - GHANA BOND OFFERING TO BE MADE IN GHANAIAN CEDIS, INDEXED TO USD/GHS Source text for Eikon: Further company coverage:
* FITCH: U.S. BANKS IMPROVE IRR MANAGEMENT; WELL-POSITIONED FOR ANTICIPATED RATE CUTS. * FITCH ON U.S. BANKS: SHORTER ASSET DURATIONS WILL LEAD TO FASTER REPRICING OF FIXED-RATE ASSETS, POTENTIALLY INCREASING NET INTEREST INCOME VOLATILITY.
Moody's: * MOODY'S RATINGS UPGRADES COSTA RICA'S RATINGS TO BA3, MAINTAINS POSITIVE OUTLOOK. * MOODY'S: UPGRADE DRIVEN BY ASSESSMENT OF COSTA RICA'S STRENGTHENED FISCAL PROFILE BENEFITTING FROM IMPROVEMENT IN DEBT AFFORDABILITY. * MOODY'S: COSTA RICA'S GOVERNMENT LIQUIDITY HAS MATERIALLY IMPROVED WITH TREASURY DEPOSITS REPORTING CONSISTENTLY HIGHER LEVELS THAN IN PAST.
Royal Caribbean Cruises Ltd (RCL): * ROYAL CARIBBEAN GROUP ANNOUNCES UPSIZING AND PRICING OF $1.5 BILLION OFFERING OF SENIOR UNSECURED NOTES TO REFINANCE EXISTING INDEBTEDNESS. * Royal Caribbean Cruises Ltd (RCL) - PRICES $1.5 BILLION OF 5.625% SENIOR UNSECURED NOTES DUE 2031 Source text for Eikon: Further company coverage:
Fitch: * FITCH UPGRADES TUNISIA TO 'CCC+' * FITCH ON TUNISIA: UPGRADE REFLECTS INCREASED CONFIDENCE IN GOVERNMENT'S ABILITY TO MEET ITS LARGE FISCAL FINANCING NEEDS. * FITCH ON TUNISIA: PERSISTENT EXTERNAL SUPPORT, FALLING EXTERNAL AMORTISATIONS, SHOULD ALLOW TUNISIA TO BALANCE ITS NET EXTERNAL FINANCING BY 2026. * FITCH: BELIEVE DOMESTIC BANKING SECTOR COULD HELP MEET TUNISIA'S FINANCING NEEDS.
Royal Caribbean Cruises Ltd (RCL): * ROYAL CARIBBEAN GROUP ANNOUNCES PROPOSED OFFERING OF SENIOR UNSECURED NOTES TO REFINANCE EXISTING INDEBTEDNESS. * Royal Caribbean Cruises Ltd (RCL) - COMMENCES PRIVATE OFFERING OF $1 BILLION SENIOR UNSECURED NOTES DUE 2031. * Royal Caribbean Cruises Ltd (RCL) - PROCEEDS TO REPAY SILVER DAWN FINANCE LEASE OBLIGATIONS.
* MOODY'S RATINGS CHANGES GREECE'S OUTLOOK TO POSITIVE FROM STABLE, AFFIRMS BA1 RATINGS. * MOODY'S ON GREECE:OUTLOOK CHANGE TO POSITIVE REFLECTS AN INCREASED LIKELIHOOD OF SUSTAINED STRENGTHENING IN BANKING SECTOR HEALTH. * MOODY'S ON GREECE SAYS SEE UPSIDE RISKS TO FISCAL PERFORMANCE Source text for Eikon: Further company coverage: [ ]
* S&P SAYS TOGO OUTLOOK REVISED TO POSITIVE ON PROSPECT OF IMPROVED BUDGETARY AND EXTERNAL POSITIONS; 'B/B' RATINGS AFFIRMED. * S&P: OUTLOOK REVISION REFLECTS OUR VIEW THAT TOGO'S ECONOMIC GROWTH WILL REMAIN RESILIENT Source text for Eikon: Further company coverage: [ ]
* S&P SAYS SAUDI ARABIA OUTLOOK REVISED TO POSITIVE ON SUSTAINED REFORM MOMENTUM; 'A/A-1' RATINGS AFFIRMED. * S&P: POSITIVE OUTLOOK REFLECTS POTENTIAL THAT SAUDI ARABIA GOVERNMENT'S WIDE-RANGING REFORMS & INVESTMENTS TO UNDERPIN DEVELOPMENT OF NON-OIL ECONOMY.
Moody's: * MOODY'S RATINGS PLACES BOEING'S RATINGS ON REVIEW FOR DOWNGRADE. * MOODY'S ON BOEING: A PROLONGED STRIKE WOULD FRACTURE RECOVERY OF THE COMMERCIAL AIRPLANES BUSINESS, WHICH REMAINS IN ITS EARLY STAGES. * MOODY'S ON BOEING: BELIEVE PRODUCTION OF 737 MAX NARROWBODY INCREASED TO NEAR 30 PER MONTH FOR JULY & AUGUST.
- Fitch and Moody's on Friday joined S&P Global Ratings in warning that a prolonged strike at Boeing's (BA) factories in U.S. West Coast may lead to a ratings downgrade, a headache for the planemaker that is saddled with massive debt. "If the current strike lasts a week or two, it is unlikely to pressure the rating.
Fitch and Moody's on Friday joined S&P Global Ratings in warning that a prolonged strike at Boeing's (BA) factories in U.S. West Coast may lead to a ratings downgrade, a headache for the planemaker that is saddled with massive debt. "If the current strike lasts a week or two, it is unlikely to pressure the rating.
* FITCH RATINGS: PROLONGED BOEING STRIKE COULD POSE DOWNGRADE RISK. * FITCH ON BOEING SAYS EXTENDED STRIKE COULD HAVE MEANINGFUL OPERATIONAL & FINANCIAL IMPACT, INCREASING RISK OF DOWNGRADE. * FITCH ON BOEING: BOEING MANAGEMENT WOULD LIKELY NEED TO ACCESS NEW LIQUIDITY SOURCES IN AN EXTENDED STRIKE SCENARIO TO ADHERE TO ITS CASH TARGETS.
U.S. Treasury yields rose on Thursday as economic data did not upend expectations the Federal Reserve will begin a gradual decrease in interest rates next week, and as the European Central Bank cut rates but gave little clarity on future easing. U.S. producer prices increased slightly more than expected in August, but the trend remained consistent with subsiding inflation.
U.S. Treasury yields were roughly unchanged on Thursday after economic data cemented investor expectations the Federal Reserve will begin a gradual decrease in interest rates next week. U.S. producer prices increased slightly more than expected in August, but the trend remained consistent with subsiding inflation.
Doman Building Materials Group Ltd (CWXZF) : * Doman Building Materials Group Ltd (CWXZF). ANNOUNCES OFFERING AND PRICING OF $265 MILLION SENIOR NOTES. * Doman Building Materials Group Ltd (CWXZF) - TO SELL $265 MILLION AGGREGATE PRINCIPAL AMOUNT OF 7.50% SENIOR UNSECURED NOTES DUE 2029 Source text for Eikon: Further company coverage:
UBS Asset Management has been selling corporate bonds in its global portfolios during market rallies, a senior fund manager said, citing concerns that a slowing economy or the looming U.S. election could spark volatility and wipe out returns.
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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