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ABGSC Consumer Goods Research ... (+3)
  • ABGSC Consumer Goods Research
  • Benjamin Wahlstedt
  • Fredrik Ivarsson
ABGSC Retail Research ... (+3)
  • ABGSC Retail Research
  • Benjamin Wahlstedt
  • Nikola Kalanoski

Doing all the right things

'24e-'26e EBITA down 7-1% primarily due to changes in capitalisation policy. '24e-'25e lease adj. FCFE yield excl. earn-outs of ~8%.

Moody's Ratings affirms Cincinnati Children's Hospital Medical Center'...

Moody's Ratings (Moody's) has affirmed Cincinnati Children's Hospital Medical Center's (OH) (CCHMC) Aa2, Aa2/VMIG 1, and P-1 ratings on outstanding bonds and commercial paper. The outlook is stable. CCHMC had approximately $1.1 billion of total debt outstanding at fiscal year-end 2023. The affirmati...

BROWN BIDCO LIMITED: Update to credit analysis

Leading position in FBO market, high financial leverage but good cash generation.

ABGSC IT Research ... (+2)
  • ABGSC IT Research
  • Nikola Kalanoski

Taking action amid tough conditions

We cut '24e and '25e EBITDA by 17% and 8%. Refocusing of Aurdel to improve margin stability. '25e EV/EBIT of ~11x.

Inside Africa: May 2024

This compendium brings together Moody’s recent research on African sovereign, banking and corporate finance credit.

 PRESS RELEASE

Kline Hill Invests in Complete Solaria with Debt-Equity Swap

Kline Hill Invests in Complete Solaria with Debt-Equity Swap FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- . (“Complete Solaria” or the “Company”) (NASDAQ: CSLR) today announced that Kline Hill Partners (KHP), a Complete Solaria debt holder, has agreed to a debt-for-equity swap, and an additional cash investment. Complete Solaria will issue 9.8 million shares (19.9%) of outstanding stock to KHP in return for cancelling its debt. Mike Bego, KHP CEO, said, “We have re-invested the principal and interest on our loan back into Complete Solaria’s stock to participate in the Company’s futur...

Moody's Ratings changes outlook on the ratings of four Brazilian sub-s...

Moody's Ratings (Moody's) has today changed the outlook on the ratings of four Brazilian sub-sovereigns to positive from stable, while affirming their long-term Issuer Ratings and Baseline Credit Assessments (BCAs). Today's rating actions on the outlooks follows Moody's decision to change the outl...

 PRESS RELEASE

Fortis Inc. Shareholders Approve Election of Directors, Appointment of...

Fortis Inc. Shareholders Approve Election of Directors, Appointment of Auditors, Say on Pay, and Omnibus Equity Plan ST. JOHN'S, Newfoundland and Labrador, May 02, 2024 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) announced the voting results from its Annual and Special Meeting of Shareholders held today. Shareholders voted in favour of all items of business before the meeting, including electing the nominated directors, appointing Deloitte LLP as the Corporation's auditors, approving the non-binding advisory vote regarding the Corporation's approach to...

 PRESS RELEASE

Transaction in Own Shares

Transaction in Own Shares Transaction in Own Shares 2 May 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company’) announces that on 2 May 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchaseNumber of Shares purchasedHighest price paidLowest price paidVolume weighted average price paid per shareVenueCurrency02/05/2024558,800£28.9400£28.2850£28.6377XLONGBP02/05/2024300,000£28.9400£28.2850£28.6356BATEGBP02/05/202480,000£28.9300£28.2850£28.6224CHIXGBP02/05/2024652,000€33.9850€33.245...

Moody's Ratings affirms five classes of UBSCM 2017-C4

Moody's Ratings, (Moody's) has affirmed the ratings on five classes in UBS Commercial Mortgage Trust 2017-C4, Commercial Mortgage Pass-Through Certificates, Series 2017-C4 as follows: Cl. A-3, Affirmed Aaa (sf); previously on Dec 16, 2020 Affirmed Aaa (sf) Cl. A-4, Affirmed Aaa (sf); previously o...

Rating Methodology: Natural Gas Pipelines

This methodology describes our approach to rating natural gas pipeline companies.

ABGSC Renewable Energy Research ... (+3)
  • ABGSC Renewable Energy Research
  • Åsne Holsen
  • Daniel Vårdal Haugland

Numbers spot on

Q1: largely in line report, no big surprises. Small estimate changes. P/NAV ~1.07x, but ~35% upside if mgmt. delivers on 2026 targets.

Moody's Ratings assigns Aaa to Waukesha County Area TCD, WI's GO notes

Moody's Ratings ("Moody's") has assigned a Aaa rating to Waukesha County Area Technical College District, WI's General Obligation Promissory Notes, Series 2024B, with a proposed par amount of approximately $3.8 million. Moody's maintains a Aaa rating on the district's outstanding general obligation ...

 PRESS RELEASE

EQS-News: STEICO SE: Preliminary figures confirmed by final financial ...

EQS-News: STEICO SE / Key word(s): Annual Report STEICO SE: Preliminary figures confirmed by final financial statements 2023 02.05.2024 / 20:30 CET/CEST The issuer is solely responsible for the content of this announcement. STEICO SE: Preliminary figures confirmed by final financial statements 2023 Feldkirchen near Munich, 2 May 2024 – Today the STEICO group (ISIN DE000A0LR936) released its Annual Report for the financial year 2023.  Business Development 2023 KPI 2023 2022 Revenue 365.3 €m 445.2 €m Total operating revenue (TOR) 356.8 €m 467.4 €m ...

 PRESS RELEASE

EQS-News: STEICO SE: Finaler Jahresabschluss 2023 bestätigt vorläufige...

EQS-News: STEICO SE / Schlagwort(e): Jahresbericht STEICO SE: Finaler Jahresabschluss 2023 bestätigt vorläufige Zahlen 02.05.2024 / 20:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. STEICO SE: Finaler Jahresabschluss 2023 bestätigt vorläufige Zahlen Feldkirchen bei München, 02. Mai 2024 – Der STEICO Konzern (ISIN DE000A0LR936) hat heute den Geschäftsbericht für das Jahr 2023 veröffentlicht. Geschäftsentwicklung 2023 Kennzahl 2023 2022 Umsatzerlöse 365,3 Mio. € 445,2 Mio. € Gesamtleistung (GL) 356,8 Mio. € ...

 PRESS RELEASE

Complete Solaria to be Self-Funded in Q2 2024

Complete Solaria to be Self-Funded in Q2 2024 FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- . (“Complete Solaria” or the “Company”) (Nasdaq: CSLR) today published its Q1’24 results, to be presented via webcast today, May 2, 2024 at 5:00 p.m. EDT. Interested parties may access the webcast by registering , or by visiting: . Q1’24 and Q2’24 forecast summary (based on non-GAAP results unless noted): Q1’24 revenue was $10.0 million, half of Q4’23, despite our $17.8 million backlogThe revenue drop is due to a shortage of working capital to buy panelsThe working capital crunch is due t...

 PRESS RELEASE

Rivian to Receive $827M in Illinois State Funding to Expand Normal, IL...

NORMAL, Ill.--(BUSINESS WIRE)-- Rivian Automotive, Inc. (NASDAQ: RIVN) announced today it has received an $827M incentive package from the State of Illinois Department of Commerce & Economic Opportunity, which will allow the company to expand operations at its plant in Normal, IL. The funds from the incentive package will go towards expansion of the plant, improvements in public infrastructure and job training programs for Rivian’s workforce, leading up to the company’s production of its midsized SUV, R2. Rivian will be participating in several city improvement projects to demonstrate its ongo...

Banks - Argentina: Banking System Profile

A detailed review of the Argentina's banking system including its structure, government support, operating environment, and regulatory environment.

Moody's Ratings assigns Aa1 to City of Leander, TX's GOs and COs

Moody's Ratings (Moody's) has assigned a Aa1 rating to the City of Leander, TX's General Obligation Refunding Bonds, Series 2024 in the anticipated par amount of $16.3 million, Combination Tax and Revenue Certificates of Obligation, Series 2024A in the anticipated part amount of $10 million, and Com...

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