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Debt Rating

All articles tagged with #debt rating

economy1 year ago

S&P Downgrades France's Credit Rating, Impacting Macron's Government

Standard & Poor's downgraded France's sovereign debt rating from "AA" to "AA-" due to higher than expected deficits, which could have minor market impacts but significant political repercussions. The downgrade pressures President Macron's government to detail budget savings and may influence the upcoming EU parliamentary elections, where Macron's party is trailing the far right. Opposition parties are using the downgrade to criticize the government's financial management.

via Reuters|
#debt-rating#economy#eu-elections
business1 year ago

"Paramount Global's Credit Rating Downgraded to Junk by S&P, Impact on Acquisition and TV Business"

S&P Global downgraded Paramount Global's debt rating to junk status, citing ongoing challenges with free cash flow generation relative to its debt. The agency expects the company's free operating cash flow-to-debt to remain low through 2025 due to the deterioration of the linear television ecosystem and investments in its direct-to-consumer streaming model. The downgrade increases the likelihood of more buyers for its assets, with private-equity firm Apollo Global Management already bidding $11 billion for Paramount Pictures. Paramount's controlling shareholder, Shari Redstone, is reportedly leaning towards a potential merger with Skydance Media. S&P issued a stable outlook, expecting leverage to decline in 2024 as streaming losses improve.

via Variety|
#acquisition#business#debt-rating
finance2 years ago

First Republic Bank's Stock Takes a Hit Amidst Downgrades and Yellen's Comments.

Fitch Ratings has downgraded First Republic Bank's debt rating three notches to "B" from "BB" due to the bank's costly funding profile after a group of banks injected $30bn of liquidity into the bank. Fitch estimates that the bank is currently operating at a net loss that is not sustainable over the longer term absent a balance sheet restructuring. The bank will have to raise liquidity by selling assets if it is required to repay the $30bn at the end of its term.

via MarketWatch|
#debt-rating#finance#first-republic-bank