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:
MOODY'S: * MOODY'S RATINGS CHANGES HUNGARY'S OUTLOOK TO NEGATIVE FROM STABLE, AFFIRMS BAA2 RATINGS. * MOODY'S: DECISION TO CHANGE OUTLOOK TO NEGATIVE REFLECTS DOWNSIDE RISKS RELATED TO QUALITY OF HUNGARY'S INSTITUTIONS & GOVERNANCE. * MOODY'S ON HUNGARY SAYS EXPECT DEBT AFFORDABILITY TO BE PARTIALLY REVERSED BY 2025 Source text:
-China-based property developer Kaisa said on Friday it would hold an extraordinary general meeting of its shareholders on Dec. 18 to seek various approvals in relation to its $12.27 billion debt restructuring agreement. The developer has been working to restructure its debt since defaulting on $12 billion in offshore bonds in late 2021.
Moody's Ratings changed Nissan
Motor's (NSANF) credit outlook to negative from stable while affirming its Baa3 ratings, taking into account the Japanese carmaker's worsening free cash flows from struggling businesses. Nissan (NSANF) earlier this month announced plans to axe 9,000 jobs and 20% of its manufacturing capacity globally to cut costs following sales slumps in China and the United States.
Chemours Co (CC): * THE CHEMOURS COMPANY ANNOUNCES COMPLETION OF PRIVATE OFFERING OF $600,000,000 AGGREGATE PRINCIPAL AMOUNT OF 8.000% SENIOR UNSECURED NOTES DUE 2033 Source text: Further company coverage:
Idorsia plans to restructure its debt, implement cost-cutting measures and could shed up to 270 jobs in a bid to spur profitability, the Swiss pharma company said on Wednesday.
Idorsia plans to restructure its debt, implement cost-cutting measures and could shed up to 270 jobs in a bid to spur profitability, the Swiss pharma company said on Wednesday.
-Adani Group's troubles deepened on Tuesday as two more credit rating agencies cut their outlook for the Indian conglomerate, whose billionaire founder Gautam Adani has been charged by U.S. authorities over an alleged $265 million bribery scheme.
* MOODY'S RATINGS: TAKES RATING ACTIONS ON 7 ADANI GROUP ENTITIES. * MOODY'S RATINGS TAKES RATING ACTIONS ON 7 ADANI GROUP ENTITIES. * MOODY'S - ADANI GREEN ENERGY LIMITED RESTRICTED GROUP BA1 RATINGS AFFIRMED; OUTLOOK CHANGED TO NEGATIVE FROM STABLE. * MOODY'S RATINGS: ADANI TRANSMISSION STEP-ONE LIMITED BAA3 RATINGS AFFIRMED; OUTLOOK CHANGED TO NEGATIVE FROM STABLE.
* Sri Lanka finance, foreign ministries weigh allegations. * Fitch puts Adani bonds on negative watch. * Moody's changes outlook on seven group firms to negative. * Adani stock losses reach $34 billion. * Adani dollar bonds steady after three days of falls. By Uditha Jayasinghe, Scott Murdoch and Chris Thomas.
* S&P- PHILIPPINES OUTLOOK REVISED TO POSITIVE ON IMPROVED INSTITUTIONAL ASSESSMENT; 'BBB+/A-2' RATINGS AFFIRMED. * S&P ON PHILIPPINES: EXPECT REAL GDP GROWTH OF 5.5% IN 2024 Source text: https://tinyurl.com/y6vkxf9s.
Ratings agency Fitch has put some Adani Group bonds on watch for a possible downgrade after U.S. authorities indicted some key executives of the Indian conglomerate on bribery charges. Adani Energy Solutions Ltd, Adani Electricity Mumbai and some of Adani Ports and Special Economic Zone rupee and dollar bonds are now on "watch negative", Fitch said in a statement.
-Adani Group's troubles deepened on Tuesday as two more credit rating agencies cut their outlook for the Indian conglomerate, whose billionaire founder Gautam Adani has been charged by U.S. authorities over an alleged $265 million bribery scheme.
A two-notch upgrade of Cyprus' debt by Moody's is a vote of confidence in the island's economy, the country's president said on Saturday. Moody's upgraded Cyprus' long-term issuer and senior unsecured ratings to A3 from Baa2, citing a "material improvement" in fiscal and debt metrics that the rating agency expected to be sustained.
CTP NV: * CTP ANNOUNCES THE SUCCESSFUL PLACEMENT OF A ?500 MILLION GREEN BOND AND ?200 MILLION TENDER OFFER. * PLACES ?500 MILLION GREEN BOND WITH 8-YEAR MATURITY AND 3.875% COUPON. * TENDER OFFER SETTLEMENT EXPECTED ON 25 NOVEMBER 2024. * PROCEEDS TO BE USED FOR TENDER OFFER AND GENERAL CORPORATE PURPOSES. * ISSUANCE SAW STRONG DEMAND FROM INVESTORS AND ACHIEVED AN OVERSUBSCRIPTION OF 5.5 TIMES.
S&P Global Ratings lowered its outlook on three Adani Group entities to negative from stable on Friday, citing risks to funding access following a U.S. indictment of the conglomerate's billionaire founder, Gautam Adani, on bribery charges.
Casella Waste Systems Inc (CWST): * Casella Waste Systems Inc (CWST) - OFFERING OF UP TO $45.0 MILLION OF FINANCE AUTHORITY OF MAINE SOLID WASTE DISPOSAL REVENUE BONDS SERIES 2024 Source text: Further company coverage:
Gildan Activewear Inc (GIL): * GILDAN ANNOUNCES PRIVATE OFFERING OF C$700 MILLION SENIOR UNSECURED NOTES. * Gildan Activewear Inc (GIL): INTENDS TO USE NET PROCEEDS OF OFFERING FOR REPAYMENT OF INDEBTEDNESS OUTSTANDING UNDER ITS CREDIT FACILITIES. * Gildan Activewear Inc (GIL) - PROCEEDS TO BE USED FOR REPAYMENT OF INDEBTEDNESS Source text: Further company coverage:
Ramaco Resources Inc (METCB): * RAMACO RESOURCES, INC. ANNOUNCES PROPOSED PUBLIC OFFERING OF SENIOR UNSECURED NOTES DUE 2029 Source text: Further company coverage:
Alibaba (BABA) has raised $5 billion in a dual-currency bond, China's biggest e-commerce company said on Wednesday, marking the largest deal of its kind in the Asia-Pacific this year. The company priced an offering of aggregate principal amount of $2.65 billion in U.S. dollar-denominated notes and 17 billion yuan worth of offshore yuan-denominated bonds.
Alibaba Group Holding Ltd (BABA): * ALIBABA GROUP PRICES US$2.65 BILLION OFFERING OF U.S. DOLLAR-DENOMINATED SENIOR UNSECURED NOTES AND RMB17 BILLION OFFERING OF RMB-DENOMINATED SENIOR UNSECURED NOTES. * OFFERING OF USD NOTES IS EXPECTED TO CLOSE ON NOVEMBER 26, 2024. * OFFERING OF RMB NOTES IS EXPECTED TO CLOSE ON NOVEMBER 28, 2024.
-Alibaba (BABA) has raised $5 billion in a dual-currency bond, China's biggest e-commerce company said on Wednesday, marking the largest deal of its kind in the Asia-Pacific this year. The company priced an offering of aggregate principal amount of $2.65 billion in U.S. dollar-denominated notes and 17 billion yuan worth of offshore yuan-denominated bonds.
* S&P SAYS CONGO-BRAZZAVILLE LOCAL CURRENCY RATING RAISED TO 'CCC+' ON FINALIZED DEBT EXCHANGE; FC RATING AFFIRMED; OUTLOOK STABLE Source text: Further company coverage: [ ]
Methanex Corp (MEOH): * METHANEX ANNOUNCES UPSIZE AND PRICING OF SENIOR UNSECURED NOTES. * Methanex Corp (MEOH) - OFFERING SIZE INCREASED TO $600 MILLION FROM $500 MILLION. * Methanex Corp (MEOH): INTENDS TO USE NET PROCEEDS TO FUND A PORTION OF CASH PURCHASE PRICE OF DEAL TO ACQUIRE OCI GLOBAL'S INTERNATIONAL METHANOL BUSINESS Source text: Further company coverage:
MOODY'S: * MOODY'S: DOWNGRADED GOV OF BANGLADESH'S LONG-TERM ISSUER AND SENIOR UNSECURED RATINGS TO B2 AND AFFIRMED SHORT-TERM ISSUER RATINGS AT NOT PRIME. * MOODY'S ON BANGLADESH: DOWNGRADE REFLECTS HEIGHTENED POLITICAL RISKS AND LOWER GROWTH. * MOODY'S: NEGATIVE OUTLOOK REFLECTS DOWNSIDE RISKS TO BANGLADESH'S GROWTH OUTLOOK BEYOND OUR CURRENT EXPECTATIONS.
La Francaise des Jeux SA: * FDJ ANNOUNCES SUCCESSFUL PLACEMENT OF ITS INAUGURAL BOND ISSUE FOR EUR 1.5 BLN TO REFINANCE KINDRED'S ACQUISITION. * EUR 500 MLN BONDS MATURING 2036 WITH 3.625% COUPON. * EUR 500 MLN OF BONDS MATURING ON 21 NOVEMBER 2033, WITH AN ANNUAL COUPON OF 3.375% * FINALISES EUR 400 MLN SYNDICATED LOAN TO BE REPAID OVER 5 YEARS.
China's biggest e-commerce company Alibaba Group (BABA) is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter. The company confirmed plans for bond fundraising in a regulatory filing on Monday but said the size, interest rate and maturity would be determined as the transaction progressed.
China's biggest e-commerce company Alibaba Group (BABA) is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter. The company confirmed plans for bond fundraising in a regulatory filing on Monday but said the size, interest rate and maturity would be determined as the transaction progressed.
- Fitch Ratings on Friday downgraded the long-term credit rating of Spirit Airlines (SAVE) to 'CC' from 'CCC', bringing it below the low-cost carrier's North America peers and warning that a near-term default appears probable. Earlier this week, the carrier said that it was in talks with creditors and was continuing to explore strategic alternatives to improve liquidity.
Fitch Ratings on Friday downgraded the long-term credit rating of Spirit Airlines (SAVE) to 'CC' from 'CCC', bringing it below the low-cost carrier's North America peers and warning that a near-term default appears probable. Earlier this week, the carrier said that it was in talks with creditors and was continuing to explore strategic alternatives to improve liquidity.
Spirit Airlines Inc (SAVE): * FITCH DOWNGRADES SPIRIT AIRLINES TO 'CC' * FITCH ON SPIRIT AIRLINES: REFINANCING EFFORTS HAVE BEEN HAMPERED BY ONGOING OPERATING LOSSES AND CASH OUTFLOWS. * FITCH ON SPIRIT AIRLINES: A NEAR-TERM DEFAULT NOW APPEARS PROBABLE. * FITCH ON SPIRIT AIRLINES: UNCERTAINTY ALSO DRIVES COMPLEXITY INTO NETWORK PLANNING AND HIRING DECISIONS FOR YEAR.
S&P Global Ratings revised Ireland's outlook to "positive" from "stable" on Friday, citing extraordinary overperformance in corporate tax receipt collections, while peer agency Fitch affirmed its ratings at "AA" with a "stable" outlook.
S&P Global Ratings revised Ireland's outlook to "positive" from "stable" on Friday, citing extraordinary fiscal overperformance, sustained economic growth and external resilience of the country's economy.
Fitch: * FITCH UPGRADES ARGENTINA TO 'CCC' * FITCH: DOLLAR INFLOWS HAVE BEGUN TO LIFT ARGENTINA'S INTERNATIONAL RESERVES & SHOULD CONTINUE TO DO. * FITCH: ARGENTINA'S UPGRADE ON CONFIDENCE IN ABILITY TO MAKE FOREIGN-CURRENCY BOND PAYMENTS WITHOUT SEEKING RELIEF Source text:
Mexico's outlook was moved to negative from stable by Moody's Ratings on Thursday, as the major credit rating agency pointed to institutional and policy weakening that risks undermining the economy as well as government accounts.
Credit ratings agencies could downgrade their outlook on Mexico from stable to negative in coming months on the back of a deterioration in economic growth and the political outlook, as well as weakening public finances, Citibanamex said in a research note on Tuesday.
Bayer on Tuesday lowered its full-year operating earnings guidance and took billions in write-downs on agricultural markets in Latin America, becoming the latest maker of farming supplies to be burdened further by low demand.
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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