BAA2

Moody’s Upgrades Assured Guaranty Corp.’s Rating and Affirms Assured Guaranty Municipal’s Rating

Retrieved on: 
Wednesday, May 1, 2024
Asset Management, Professional Services, Finance, Guarantee, AGC, Risk, BAA2, Security (finance), Insurance, Assured Investment Management, AGM, Risk management

Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, Assured Guaranty) announced that Moody’s Investors Service (Moody’s) upgraded to A1 from A2 the insurance financial strength (IFS) rating of Assured Guaranty Corp. (AGC).

Key Points: 
  • Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, Assured Guaranty) announced that Moody’s Investors Service (Moody’s) upgraded to A1 from A2 the insurance financial strength (IFS) rating of Assured Guaranty Corp. (AGC).
  • Moody’s affirmed the A1 ratings of Assured Guaranty Municipal Corp. (AGM) and its subsidiary Assured Guaranty UK Limited (AGUK).
  • Assured Guaranty continues to offer a uniquely beneficial value proposition to both issuers and fixed income investors.”
    Additionally, Moody’s affirmed the Baa1 long-term issuer rating of Assured Guaranty Ltd.
  • It also affirmed the senior (Baa1) and junior subordinated (Baa2) debt ratings of Assured Guaranty US Holdings Inc. and Assured Guaranty Municipal Holdings Inc.

Sandoz successfully issues EUR 2.0 billion inaugural Eurobonds

Retrieved on: 
Wednesday, November 8, 2023
FOR, J. P. Morgan, EBITDA, Person, Mizuho, NOT, OR, BNP Paribas, KID, Linklaters, BBB, Media release, S&P, AND, CHF, Security (finance), Bank, Novartis, BAA2, EUR, EEA

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

Key Points: 
  • NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
    Inaugural Eurobonds priced earlier today; three tranches of EUR 700 million, EUR 700 million and EUR 600 million
    Basel, November 8, 2023 – Sandoz, the global leader in generic and biosimilar medicines, today announced the issuance of three highly successful inaugural Eurobonds, with total gross proceeds of EUR 2.0 billion.
  • Following a debut transaction in CHF last month, this issuance marks the entry of Sandoz into the EUR debt capital market.
  • Colin Bond, Sandoz CFO said: "These inaugural bonds represent a further milestone for Sandoz, establishing us firmly as a new issuer in the EUR bond market and creating a diversified and well-balanced financing profile from a currency and maturity perspective."
  • The proceeds, together with those from last month’s CHF issuance, will be used for the repayment of the EUR 2.4 billion bridge loan and for general corporate purposes.

Sandoz successfully issues CHF 750 million in inaugural bonds

Retrieved on: 
Thursday, October 26, 2023
EBITDA, Person, BNP Paribas, BBB, Media release, S&P, UBS, Failure, CHF, Security (finance), Bank, Novartis, BAA2

Two tranches of CHF 400 million and CHF 350 million with maturities of 3 and 8 years, carrying 2.125% and 2.600% fixed coupons, respectively

Key Points: 
  • Two tranches of CHF 400 million and CHF 350 million with maturities of 3 and 8 years, carrying 2.125% and 2.600% fixed coupons, respectively
    Basel, October 26, 2023 – Sandoz, the global leader in generic and biosimilar medicines, today announced the issuance of two highly successful inaugural CHF bonds with gross proceeds of CHF 750 million.
  • This debut transaction was driven by overwhelming investor demand and marks a solid entry for Sandoz as a borrower in debt capital markets.
  • The bonds carry 2.125% and 2.600% fixed coupons with tenors of 3 and 8 years, maturing on 17.11.2026 and 17.11.2031, respectively.
  • Sandoz continues to target a net debt to core EBITDA ratio of 1.7 to 2.0 times and to maintain its solid investment grade rating.

Constellation Reports Second Quarter 2023 Results

Retrieved on: 
Thursday, August 3, 2023
Nuclear, Energy, Utilities, Oil, Gas, Constellation, Carbon, Hydrogen, Electric Power Research Institute, BAA2, Table, Share repurchase, Electricity, Microsoft, CEG, Wind, Criterion, Hillabee, ZEC, Nuclear energy, EBITDA, Acquisition, Foster Natural Gas/Oil Report, Natural gas, Climate, NRG Energy, Siemens Energy, Renewable energy, Bookkeeping

Adjusted EBITDA (non-GAAP) for the second quarter of 2023 increased to $1,031 million from $603 million in the second quarter of 2022.

Key Points: 
  • Adjusted EBITDA (non-GAAP) for the second quarter of 2023 increased to $1,031 million from $603 million in the second quarter of 2022.
  • There were 94 planned refueling outage days in the second quarter of 2023 and 66 in the second quarter of 2022.
  • There were 25 non-refueling outage days in the second quarter of 2023 and 15 in the second quarter of 2022.
  • Renewable energy capture for our fleet was 96.1% in the second quarter of 2023, compared with 96.3%1 in the second quarter of 2022.

Antares Receives Baa2 Investment Grade Issuer Rating from Moody’s Investors Service

Retrieved on: 
Wednesday, August 2, 2023
Banking, Professional Services, Finance, Antares, CPP Investment Board, BAA2, Investment, Face, Bank

Antares Holdings LP (“Antares”) today announced that Moody’s Investors Service (“Moody’s”) has assigned the firm an investment grade issuer rating of Baa2 with a stable outlook, supported, in part, by Antares’ long-term track record and demonstrated performance across credit cycles.

Key Points: 
  • Antares Holdings LP (“Antares”) today announced that Moody’s Investors Service (“Moody’s”) has assigned the firm an investment grade issuer rating of Baa2 with a stable outlook, supported, in part, by Antares’ long-term track record and demonstrated performance across credit cycles.
  • The inaugural Moody’s rating represents Antares’ third investment grade rating, in addition to Fitch Ratings, Inc. (“Fitch”) and DBRS Morningstar (“DRBS”) which were reaffirmed in 2023.
  • “We are pleased with the investment grade rating assigned to us by Moody’s, which is further validation of the strength of our high-quality, scaled and diverse loan portfolio,” said Timothy Lyne, Chief Executive Officer of Antares Capital.
  • The rating also reflects the strategic importance of Antares to CPP Investments, the firm’s majority owner.

EQS-News: OLB very successfully places first issue of a senior preferred bond in the amount of EUR 350 million

Retrieved on: 
Thursday, February 2, 2023
Moody's Investors Service, UniCredit, OLB, Oldenburgische Landesbank, Barclays, Deutsche Bank, Goldman Sachs, BNP, Security (finance), BAA2

Oldenburgische Landesbank (OLB) successfully placed its first senior preferred bond on the capital market on Tuesday, 24 January 2023, further diversifying its refinancing base.

Key Points: 
  • Oldenburgische Landesbank (OLB) successfully placed its first senior preferred bond on the capital market on Tuesday, 24 January 2023, further diversifying its refinancing base.
  • The three-year bond with a volume of 350 million euros was very well demanded by investors and exceeded expectations.
  • The inaugural bond was widely distributed among more than 70 investors.
  • "With the successful senior preferred issue, we have set another successful milestone in our capital market presence.

Moody’s Upgrades Barrick to A3 with Stable Outlook

Retrieved on: 
Wednesday, December 14, 2022
TSX, Senior, News, Barrick Gold, NYSE, BAA2

TORONTO, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced that Moody’s Investors Service (“Moody’s”) has upgraded the senior unsecured ratings of Barrick and all rated subsidiaries to A3 from Baa1, with a stable outlook.

Key Points: 
  • TORONTO, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced that Moody’s Investors Service (“Moody’s”) has upgraded the senior unsecured ratings of Barrick and all rated subsidiaries to A3 from Baa1, with a stable outlook.
  • In a news release announcing the upgrade, Moody’s noted that Barrick’s liquidity is excellent, which provides significant flexibility to maneuver through gold price volatility.
  • Senior executive vice-president and chief financial officer Graham Shuttleworth said: “This upgrade is reflective of the continued progress that Barrick has made in strengthening our balance sheet and managing our capital structure.
  • These improvements to our credit standing have been made alongside record returns to shareholders in 2021 and 2022, highlighting the strong overall performance of our business.”

Piedmont Office Realty Trust Expands Board with Appointment of Mary Hager

Retrieved on: 
Wednesday, December 14, 2022
Trammell Crow Company, PDM, REIT, NYSE, Urban Land Institute, BAA2, BBB, Sun Belt, S&P Global Ratings, Bank, Greystar Real Estate Partners

Atlanta, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced today the appointment of Mary Hager, Executive Director at global real estate investment management firm, Greystar, to its Board of Directors.

Key Points: 
  • Atlanta, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced today the appointment of Mary Hager, Executive Director at global real estate investment management firm, Greystar, to its Board of Directors.
  • With Hager’s appointment, Piedmont’s board of directors now consists of nine total members.
  • At Greystar, Ms. Hager co-leads the Greystar-Thackeray business as well as Greystar’s commercial real estate businesses and serves on the Greystar Global Investment Committee and Greystar Executive Committee.
  • Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in the Sunbelt.

Unibail-Rodamco-Westfield Unveils Landmark Vision for Westfield Old Orchard

Retrieved on: 
Tuesday, December 6, 2022
Specialty, Entertainment, Environment, Food, Beverage, Fashion, Cosmetics, Home Goods, Footwear, Retail, General Entertainment, Urban Planning, REIT, Landscape, Jewelry, Sustainability, Other Entertainment, Residential Building & Real Estate, Luxury, Commercial Building & Real Estate, Construction & Property, Department Stores, Other Retail, Events, Concerts, Books, Tree, Plant, Sustainability, Lord & Taylor, Biophilic design, Barnes & Noble, Old Orchard, Pennsylvania, Euronext Amsterdam, Mason, Life, Partnership, Biodiversity, Village, URW, Westfield Old Orchard, Wind, Employment, City, BAA2, Restaurant, Multimedia, Work, Health, Lord, Standard, Ticker, Euronext Paris, Tourism, Renewable energy, Retail, Unibail-Rodamco-Westfield

View the full release here: https://www.businesswire.com/news/home/20221206005400/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20221206005400/en/
    A rendering showing the new, landmark vision for Westfield Old Orchard in Skokie, Illinois.
  • Geoff Mason, executive vice president of operating management and development for URW in the U.S., said: Westfield Old Orchard already provides an exceptional experience for our customers, local residents, and our office workers.
  • Mayor George VanDusen said: For decades, Westfield Old Orchard has been a key economic and employment driver for Skokie and the region.
  • The Village Boards action earlier this year to designate Old Orchard as one of over 200 Illinois Business Districts has resulted in Westfields financial commitment of over $100 million to transform Old Orchard.

EQS-News: OLB presents nine months results and continues its successful course

Retrieved on: 
Sunday, November 27, 2022
Degussa Bank, COVID-19, CFO, Environment, Bank, Private, European Central Bank, Corporation, Risk, BAA2, Moody's Investors Service, Oldenburgische Landesbank, RWA, Tax, Common equity, OLB, NPL, Wiley Post Model A, Return, Acquisition, EUR

Oldenburgische Landesbank AG ("OLB" or the "Bank") continued its successful business performance in the first nine months of 2022.

Key Points: 
  • Oldenburgische Landesbank AG ("OLB" or the "Bank") continued its successful business performance in the first nine months of 2022.
  • OLBs net profit grew by 50 percent to EUR 140.3 m (previous year: EUR 93.5 m).
  • In what is a very challenging environment for all financial institutions, we are on course to achieve our medium-term targets.
  • OLB was able to reduce its operating expenses by around 14 percent to EUR 185.2 m (previous year: EUR 215.0 m).