S&P: * S&P: NIGERIA OUTLOOK REVISED TO POSITIVE FROM STABLE; 'B-/B' RATINGS AFFIRMED. * S&P: REVISED NIGERIA'S OUTLOOK BASED ON POTENTIAL FOR CONTINUED GAINS, PARTICULARLY IN OUR EXTERNAL & MONETARY ANALYSIS. * S&P: IN OUR VIEW, MONETARY, ECONOMIC, & FISCAL REFORMS BEING IMPLEMENTED BY NIGERIAN AUTHORITIES WILL YIELD POSITIVE BENEFITS OVER MEDIUM TERM.
Oracle Corp (ORCL) bonds have taken a hit in recent days following a report that the cloud and artificial intelligence service provider plans to add another $38 billion to its heavy debt load to fund its AI infrastructure, according to analysts and investors. Oracle did not immediately respond to a request for comment.
S&P Global Ratings said on Friday it has downgraded its rating of Nissan Motor's (NSANF) credit by one notch on continuing pressure on its profitability, while taking a negative view of the outlook for the Japanese automaker. The credit-rating firm cut its long-term rating on the company and its overseas subsidiaries to "BB-" from "BB".
* December 3 EGM to vote on convertible bond, warrants and share issues. * Co to issue up to 15.5 billion shares at HK$0.6 apiece to repay shareholder loan. * Existing shareholders' stakes to be significantly diluted after scheme completion.
Credit rating agency Fitch Ratings has downgraded British automaker Aston Martin's debt ratings, citing the luxury sports car maker's persistent negative cash flow and uncertainty around its U.S. customer base. In a Thursday report, Fitch analysts noted Aston Martin's sales fell 17% year over year as of September's end, while their decline has accelerated quarter over quarter.
Credit rating agency Moody's Ratings has downgraded several of global footwear and apparel retailer Nike's (NKE) debt ratings. In downgrading Nike's (NKE) senior unsecured debt by one notch on Wednesday, Moody's analysts cited cost pressures from higher tariffs among other factors in the agency's decision.
XPLR Infrastructure LP (XIFR): * XPLR INFRASTRUCTURE, LP ANNOUNCES THE PRICING OF $750 MILLION OF 7.750% SENIOR UNSECURED NOTES DUE 2034 Source text: Further company coverage:
XPLR Infrastructure LP (XIFR): * XPLR INFRASTRUCTURE, LP ANNOUNCES THE OFFERING OF $750 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES. * XPLR Infrastructure LP (XIFR) - XPLR OPCO TO USE FUNDS FOR 2026 NOTES PURCHASE OFFER Source text: Further company coverage:
Verizon Communications (VZ) is looking to raise about $10 billion in the corporate bond market to fund its $20 billion deal for Frontier, Bloomberg News reported on Monday, citing a person familiar with the matter. The wireless carrier filed for a five-part bond sale, earlier in the day, without disclosing a size. Verizon did not immediately respond to a Reuters request for comment.
Verizon Communications (VZ) is looking to raise about $10 billion in the corporate bond market to fund its acquisition of Frontier Communications, Bloomberg News reported on Monday, citing a person familiar with the matter.
* S&P to publish ratings review for Poland on Friday. * Fitch and Moody's already changed ratings outlook to 'negative' * Political standoff hampers consolidation measures, agencies say. By Karol Badohal.
* S&P to publish ratings review for Poland on Friday. * Fitch and Moody's already changed ratings outlook to 'negative' * Political standoff hampers consolidation measures, agencies say. By Karol Badohal.
Google owner Alphabet is tapping the U.S. dollar and euro debt markets in a multi-tranche senior unsecured notes offering. The digital media and tech giant will use the proceeds from the note sale for general corporate purposes, including the potential repayment of a portion of its outstanding debt, according to a Monday report by Moody's Ratings.
Google owner Alphabet is tapping the U.S. dollar and euro debt markets in a multi-tranche senior unsecured notes offering. The digital media and tech giant will use the proceeds from the note sale for general corporate purposes, including the potential repayment of a portion of its outstanding debt, according to a Monday report by Moody's Ratings.
Google owner Alphabet is tapping the U.S. dollar and euro debt markets in a multi-tranche senior unsecured notes offering. The digital media and tech giant will use the proceeds from the note sale for general corporate purposes, including the potential repayment of a portion of its outstanding debt, according to a Monday report by Moody's Ratings.
CMS Energy Corp (CMS/PB): * CMS ENERGY ANNOUNCES PROPOSED OFFERING OF $750 MILLION OF CONVERTIBLE SENIOR NOTES DUE 2031. * CMS Energy Corp (CMS/PB) - GRANTS OPTION FOR ADDITIONAL $112.5 MILLION NOTES. * CMS Energy Corp (CMS/PB) - PROCEEDS TO RETIRE $250 MILLION OF 3.60% SENIOR NOTES DUE 2025 Source text: Further company coverage:
EPE Capital Partners Ltd: * JSE: EPE - OPTASIA LISTING, EXCHANGEABLE BONDS UNBUNDLING, OFFER FOR RESIDUAL ASSETS, CAUTIONARY ANNOUNCEMENT AND CHANGE OF CEO. * EPE CAPITAL PARTNERS LTD: RECEIVED AN UNSOLICITED OFFER. * EPE CAPITAL PARTNERS LTD: CO'S CEO ANTHONIE DE BEER, HAS TENDERED HIS RESIGNATION TO BOARD. * EPE CAPITAL PARTNERS LTD: JONATHAN MATTHEWS HAS BEEN APPOINTED BY BOARD AS CEO.
S&P: * S&P: BOEING CO. OUTLOOK REVISED TO STABLE FROM NEGATIVE ON INCREASING PRODUCTION; 'BBB-' RATINGS AFFIRMED. * S&P ON BOEING: STABLE OUTLOOK REFLECTS OUR VIEW THAT CREDIT MEASURES WILL APPROACH OUR EXPECTATIONS FOR THE RATING NEXT YEAR. * S&P ON BOEING: BOEING FACES SEVERAL NEAR-TERM CHALLENGES BEYOND THE 777X DELAY THAT WE VIEW AS RELATIVELY MANAGEABLE.
Ratings agency Moody's Ratings on Friday put global auto parts supplier Tenneco's credit ratings on negative outlook, while affirming its current credit standing. Tenneco's leverage has remained relatively high, while its revenue margins have stayed tight in recent quarters, Moody's analysts wrote on Friday.
Social media giant Meta Platforms (META) will raise up to $30 billion in its biggest bond offering ever, it said in a filing on Thursday, as Big Tech rushes to fund the costly expansion of artificial intelligence infrastructure.
Meta Platforms Inc (META) is targeting at least $25 billion in a bond sale, Bloomberg News reported on Thursday, citing people familiar with the matter. Fixed-income news service IFR said the parent of Facebook and Instagram has filed for a six-part bond sale without disclosing a size, and was marketing bonds with maturities ranging from five to 40 years.
-S&P Global (SPGI) raised its annual earnings forecasts on Thursday, as robust bond issuance activity drove growth in its ratings business, sending its shares up 2.4% before the bell. Credit spreads, a crucial gauge of the health of the corporate sector, were relatively tight in the third quarter, creating a favorable environment for bond issuance.
S&P Global (SPGI) raised its annual earnings forecasts on Thursday, as robust bond issuance activity drove growth in its ratings business, sending its shares up 2.4% before the bell. Credit spreads, a crucial gauge of the health of the corporate sector, were relatively tight in the third quarter, creating a favorable environment for bond issuance.
-Social media giant Meta Platforms (META) will raise up to $30 billion in its biggest bond offering ever, it said in a filing on Thursday, as Big Tech rushes to fund the costly expansion of artificial intelligence infrastructure.
Meta Platforms Inc. (META) is targeting at least $25 billion in a bond sale, Bloomberg news reported on Thursday citing people familiar with the matter.
Empire Company Ltd (EMLAF): * SOBEYS RE-ENTERS DEBT CAPITAL MARKET; ANNOUNCES PRICING OF $300 MILLION NOTE OFFERING. * Empire Company Ltd (EMLAF) - SOBEYS PRICES $300 MILLION 3.10% SENIOR UNSECURED NOTES DUE 2028 Source text: Further company coverage:
MOODY'S: * MOODY'S: JAPAN RATING ACTION REFLECTS TRACTION ON REFLATION & FISCAL POLICY GEARED TOWARDS CONSOLIDATION. * MOODY'S: DO NOT EXPECT RECENT LEADERSHIP TRANSITION TO SIGNIFICANTLY REVERSE JAPAN'S GAINS IN FISCAL CONSOLIDATION. * MOODY'S: JAPAN'S LOCAL- AND FOREIGN-CURRENCY COUNTRY CEILINGS REMAIN UNCHANGED AT AAA.
-European rating agency Scope downgraded the United States' credit rating by a notch on Friday, citing sustained deterioration in public finances and a weakening of governance standards. Scope cut the U.S. local and foreign currency long-term issuer and senior unsecured debt ratings to "AA-", from "AA", but revised the outlook to "stable" from "negative".
European rating agency Scope downgraded the United States' credit rating by a notch on Friday, citing sustained deterioration in public finances and a weakening of governance standards. Scope cut the U.S. local and foreign currency long-term issuer and senior unsecured debt ratings to "AA-", from "AA", but revised the outlook to "stable" from "negative".
SCOPE: * SCOPE DOWNGRADES THE UNITED STATES OF AMERICA'S CREDIT RATINGS TO AA- AND REVISES OUTLOOKS TO STABLE. * SCOPE: US RATINGS DOWNGRADE DRIVEN BY SUSTAINED DETERIORATION OF PUBLIC FINANCES REFLECTED IN PERSISTENTLY ELEVATED FEDERAL DEFICITS. * SCOPE: US RATINGS DOWNGRADE DRIVEN BY WEAKENING OF GOVERNANCE STANDARDS, PARTICULARLY EROSION OF WELL-ESTABLISHED CHECKS AND BALANCES.
S&P: * S&P: NVIDIA OUTLOOK REVISED TO POSITIVE ON STRONG AI MOMENTUM AND SUSTAINED MARKET LEADERSHIP, RATINGS AFFIRMED Source text: Further company coverage:
By Leo Marchandon. -Europe's largest cloud provider OVHcloud reported annual revenue growth of nearly 10% on Tuesday, crossing the threshold of 1 billion euros for the first time, but a weaker than expected guidance for 2026 sent its shares falling. OVHcloud's shares fell around 18% by 0842 GMT, on track for their biggest single-day drop ever if the losses hold.
Moody's: * MOODY'S RATINGS DOWNGRADES CHINA VANKE'S RATINGS TO CAA2/CAA3; OUTLOOK REMAINS NEGATIVE. * MOODY'S: DOWNGRADE & NEGATIVE OUTLOOK REFLECT FURTHER DETERIORATION IN CHINA VANKE'S LIQUIDITY OVER NEXT 6-12 MONTHS. * MOODY'S: EXPECT CHINA VANKE TO FACE INCREASING REFINANCING RISK FOR SIZABLE DEBT MATURITIES OVER NEXT 6-12 MONTHS Source text: Further company coverage:
South African Reserve Bank Governor Lesetja Kganyago said on Thursday that developing nations should be able to challenge ratings agencies' methodologies to ensure greater transparency. Speaking at a press conference following the conclusion of the Group of 20 finance chiefs meetings in Washington, Kganyago stated that transparency in ratings could yield better outcomes for developing countries.
Consumer finance fintech Upgrade said on Thursday it raised $165 million in its latest funding round, nearly four years after its last external financing during the height of the 2021 fintech boom. The round valued Upgrade at $7.3 billion pre-money, according to a source familiar with the matter, a 21.7% premium to its previous valuation.
Moody's: * MOODY'S RATINGS UPGRADES MONGOLIA'S RATING TO B1; OUTLOOK STABLE. * MOODY'S: UPGRADE OF MONGOLIA'S RATINGS TO B1 REFLECTS OUR EXPECTATION OF MORE STABLE ECONOMIC GROWTH. * MOODY'S: RAISED MONGOLIA'S LOCAL-CURRENCY COUNTRY CEILINGS TO BA2 FROM BA3 PREVIOUSLY. * MOODY'S ON MONGOLIA: UPGRADE ALSO REFLECTS CONTINUED TRACTION ON REFORMS IN GOVERNANCE AND INSTITUTIONAL EFFECTIVENESS.
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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