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Tomi Railo
  • Tomi Railo

Kemira (Buy, TP: EUR23.00) - Strength continues

We have raised our 2024–2026e clean EPS by c9% on average and target price to EUR23 (21). We reiterate our BUY. We continue to see Kemira’s market exposures, earnings quality, and valuation as attractive.

Intrum AB (publ): Update following CFR downgrade to B3 and debt rating...

Our credit view of this issuer reflects its high leverage, refinancing challenges and increased risk of losses to bondholders that could result from the debt restructuring.

Virginia Polytechnic Inst. & State Univ., VA: Update to credit analysi...

Our credit view of this issuer reflects its strong brand and sizeable scope of operations offset by modest EBIDA margins, wealth and liquidity relative to peers

Bridge Street CLO IV Ltd.: New Issue Report

This new issue report provides a detailed rating rationale for the transaction.

 PRESS RELEASE

Millicom (Tigo) share repurchase activity

Millicom (Tigo) share repurchase activity Millicom (Tigo) share repurchase activity Luxembourg, April 26, 2024 – Pursuant to the share repurchase program announced on December 15, 2023, Millicom repurchased 34,562 of its Swedish Depository Receipts (SDRs) between April 22, 2024 and April 26, 2024, as detailed in the table below. Trade DateNumber of SDRs repurchasedDaily average price paid* (SEK) Daily repurchase amount* (SEK)04/22/20246,893219.99291,516,41104/23/20247,352220.37341,620,18504/24/20246,477218.76741,416,95604/25/20247,600218.99741,664,38004/26/20246,240220.05191,373,124 * Excl...

Moody's Ratings assigns ratings to one class of notes issued and one c...

Moody's Ratings (Moody's) has assigned ratings to one class of notes issued and one class of loans incurred by Bridge Street CLO IV Ltd. (the "Issuer" or "Bridge Street IV"). Moody's rating action is as follows: U.S.$149,000,000 Class A Senior Secured Floating Rate Notes due 2037, Assigned Aaa (...

 PRESS RELEASE

STRATA Skin Sciences Announces 1-for-10 Reverse Stock Split

STRATA Skin Sciences Announces 1-for-10 Reverse Stock Split HORSHAM, Penn., April 26, 2024 (GLOBE NEWSWIRE) -- STRATA Skin Sciences, Inc. (“STRATA” or the “Company”) (NASDAQ: SSKN), a medical technology company dedicated to developing, commercializing, and marketing innovative products for the treatment of dermatologic conditions, announces that it will effect a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-10 that will become effective at 11:59 p.m. Eastern Time on June 6, 2024. The Company’s common stock will begin trading on Nasdaq on a split-adjuste...

 PRESS RELEASE

Yum! Brands, Inc. Completes Refinancing of Senior Secured Credit Facil...

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Yum! Brands, Inc. (NYSE: YUM) (the “Company”) today announced that certain subsidiaries that operate the Company’s KFC, Pizza Hut and Taco Bell businesses have completed the refinancing of the existing approximately $713 million term loan A facility and $1.25 billion revolving facility (the “Existing Facilities”) through the issuance of a $500 million term loan A (the “Term A Loan”) and a $1.50 billion revolving credit facility (the “Revolving Facility”) pursuant to an amendment to the underlying credit agreement (the “Amendment”). The Term A Loan and the Rev...

City of Arlington, TX: Update to credit analysis

Our credit view of this issuer reflects its good economy and healthy liquidity, constrained by its below median resident income and full value per capita.

 PRESS RELEASE

BrightSpring Health Services, Inc. Welcomes Timothy A. Wicks to Board ...

BrightSpring Health Services, Inc. Welcomes Timothy A. Wicks to Board of Directors LOUISVILLE, Ky., April 26, 2024 (GLOBE NEWSWIRE) -- BrightSpring Health Services, Inc. (“BrightSpring” or the “Company”) (NASDAQ: BTSG), a leading provider of home and community-based health services for complex populations, today announced that on April 24, 2024, BrightSpring appointed Timothy A. Wicks as a new member of the Board of Directors. Mr. Wicks will assume his new role effective immediately, bringing the Company’s total Board of Directors to seven members, including two independent directors. Mr...

 PRESS RELEASE

Vertex, Inc. Announces Closing of Upsized Offering of $345 Million Con...

Vertex, Inc. Announces Closing of Upsized Offering of $345 Million Convertible Senior Notes KING OF PRUSSIA, Pa., April 26, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex”), a leading global provider of indirect tax solutions, today announced the closing of its private offering of $345 million aggregate principal amount of 0.750% convertible senior notes due 2029 (the “notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and related capped call transactions. The ...

Hunt Companies, Inc.: Update to credit analysis

Our credit view of this issuer reflects its long operating history of over 75 years and diversified operating businesses, constrained by its high leverage and secured debt funding strategy.

Moody's Ratings assigns Aa1 to Cedar Rapids, IA's GO 2024A and Aa2 to ...

Moody's Ratings (Moody's) has assigned a Aa1 to the City of Cedar Rapids, IA's General Obligation (GO) Bonds, Series 2024A and a Aa2 to the city's Water Revenue Bonds, Series 2024B that are expected to be issued with a par value of $65.3 million and $10.6 million, respectively. Concurrently, Moody's...

 PRESS RELEASE

Fairfax Announces Conference Call

Fairfax Announces Conference Call TORONTO, April 26, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) will hold a conference call at 8:30 a.m. Eastern Time on Friday, May 3, 2024 to discuss its 2024 first quarter results, which will be announced after the close of markets on Thursday, May 2, 2024 and will be available at that time on its website at . The call, consisting of a presentation by the company followed by a question period, may be accessed at 1 (888) 390-0867 (Canada and U.S.) or 1 (212) 547-0141 (International) with the passcode “FAIRFAX”. A rep...

Anchor Packaging, LLC: Update following affirmation of B2, outlook sta...

Our credit view of this issuer reflects its long-term relationships with customers, offset by its relatively small size relative to competitors.

Moody's Ratings upgrades rating on one class of notes issued by SARANA...

Moody's Ratings (Moody's) has upgraded the rating on the following notes issued by SARANAC CLO V LIMITED: U.S.$27,000,000 Class C-R Secured Deferrable Floating Rate Notes due 2029 (the "Class C-R Notes"), Upgraded to Aaa (sf); previously on July 5, 2023 Upgraded to Aa3 (sf) SARANAC CLO V LIMITED...

 PRESS RELEASE

Revised Announcement Regarding Application for Management Cease Trade...

Revised Announcement Regarding Application for Management Cease Trade Order CALGARY, Alberta, April 26, 2024 (GLOBE NEWSWIRE) -- Decklar Resources Inc. (TSX-V: DKL) (OTC: DKLRF) (FSE: A1U1) (the “Company” or “Decklar”) announces herewith a revised default announcement from its initial announcement dated April 16, 2024. The Company has applied to the Alberta Securities Commission, (the “ASC”), under National Policy 12-203 - Management Cease Trade Orders (“NP 12-203”) requesting that a temporary management cease trade order (“MCTO”) be granted in respect of the late filing of specified req...

Foresight Energy LLC: Update to credit considerations

Our credit view of this issuer reflects its competitive cash costs, offset by its medium-term event risk associated with ownership structure.

Sub-Sovereign Ratings List

April 26, 2024Country Issuer Outlook [2] Long-Term [3] Short-Term [4] National Scale RatingARGENTINA Buenos Aires, City of STA Caa3Buenos Aires, Province of STA CaChaco, Province of STA CaChubut, Province of STA CaCordoba, Municipality of STA CaCordoba, Province of STA CaMendoza, Province of STA CaR...

Virginia Tech Foundation: Update to credit analysis

Our credit view of this issuer reflects long-standing strategic partnership supporting Aa1 Virginia Polytechnic Institute and State University

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