Moody's Ratings (Moody's) has upgraded the City of Celina, TX's issuer and general obligation limited tax (GOLT) ratings to Aa1 from Aa2. Moody's also has assigned the Aa1 rating on the city's anticipated $141,000,000 Tax and Waterworks and Sewer system (Limited Pledge) Revenue Certificates of Oblig...
Grupo Aeroportuario del Pacifico Reports in April 2024 a Passenger Traffic Decrease of 7.3% Compared to 2023 GUADALAJARA, Mexico, May 03, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces preliminary terminal passenger traffic figures for April 2024, compared with April 2023. For April 2024, the total number of terminal passengers at GAP’s 12 Mexican airports decreased by 7.6%, compared to April 2023. Tijuana, Los Cabos, Guadalajara, and Puerto Vallarta presented a decrease in passenger traffic of 13.0%...
Moody's Ratings (Moody's) has assigned ratings to two classes of notes issued by Benefit Street Partners CLO XXXIV, Ltd. (the "Issuer" or "Benefit Street XXXIV"). Moody's rating action is as follows: U.S.$288,000,000 Class A-1 Senior Secured Floating Rate Notes due 2037, Definitive Rating Assi...
Helped by low loan losses and modest cost inflation, Danske Bank reported a Q1 ROE of 12.9%. Noting one less interest day, NII fell 0.7% QOQ adjusted for reported one-offs. While down ~30bp QOQ following the buyback programme announced in February, the bank’s CET1 ratio remains strong at 18.5% versus its >16% target. We have trimmed our target price to DKK235 (237), but with the stock trading at a 2025e P/E of ~6.9x, we find the valuation attractive and reiterate our BUY.
Moody's Ratings (Moody's) has today changed to positive from stable the outlook of Transportadora Associada de Gas S.A. (TAG). At the same time, the Ba1 Corporate Family Rating was affirmed. The rating action follows Moody's change in outlook on the Ba2 rating of the Government of ...
Moody's Ratings (Moody's) has assigned an initial Aa2 issuer rating to the Town of Ogunquit, Maine. Additionally, Moody's has assigned a Aa2 general obligation limited tax (GOLT) rating to the town's $12.8 million 2024 General Obligation Bonds. Post sale, the town will have approximately $21 million...
FG Acquisition Corp. Announces Proposed Acquisition of Strong/MDI Screen Systems, Inc. and launch of Saltire Holdings, Ltd. All amounts expressed in United States dollars (US$) unless otherwise noted TORONTO, May 03, 2024 (GLOBE NEWSWIRE) -- FG Acquisition Corp. (TSX: FGAA.U, FGAA.WT.U) (“FGAC” or the “Corporation”), a special purpose acquisition company, and Strong Global Entertainment, Inc. (NYSE: SGE) (“Strong Global”) are pleased to announce the proposed acquisition (the “MDI Acquisition”) of Strong/MDI Screen Systems, Inc. (“MDI”) by FGAC, pursuant to an acquisition agreement (t...
Moody's Ratings (Moody's) has affirmed the Village of Minster, OH's A1 issuer rating. The village has about $5 million of unrated debt outstanding. RATINGS RATIONALE The A1 issuer rating reflects the village's very strong financial ratios and low leverage ratios, which will likely continue. Its ...
LGI Homes, Inc. Reports April 2024 Home Closings THE WOODLANDS, Texas, May 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 505 homes in April 2024. As of April 30, 2024, the Company had 127 active selling communities. About LGI Homes, Inc. Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America’s fastest growing companies, LGI Homes has closed over...
Moody's Ratings (Moody's) has assigned a Aaa/VMIG 1 rating to the proposed $40 million Texas Department of Housing and Community Affairs Multifamily Housing Revenue Bonds (Palladium E Lancaster Avenue) Series 2024. RATINGS RATIONALE The Aaa long-term rating of this cash collateralized transaction...
Moody's Ratings (Moody's) has today changed to positive from stable the outlook of State Grid Brazil Holding S.A. (SGBH). At the same time, the Baa3 Issuer Rating was affirmed. The rating action follows Moody's change in outlook on the Ba2 rating of the Government of Brazil to posi...
We commented earlier on the implications of the delay in the analyst day. In this follow up, we cover: 1) the growth / margin trade-off; 2) fiber broadband ARPU growth; 3) SAC growth; 4) EBITDA growth; 5) fiber penetration; 6) ACP; 7) fiber net adds. We covered what we expect for the strategic review in our quick take on results this morning.
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