reports
Moody's Ratings downgrades nine CMBS classes of GSMS 2020-DUNE
Moody's Ratings (Moody's) has downgraded the ratings on nine classes of CMBS securities, issued by GS Mortgage Securities Corporation Trust 2020-DUNE, Commercial Mortgage Pass-Through Certificates, Series 2020-DUNE: Cl. A, Downgraded to Aa2 (sf); previously on Jan 31, 2020 Definitive Rating Assign...
Moody's Ratings assigns ratings to two classes of CLO refinancing note...
Moody's Ratings (Moody's) has assigned ratings to two classes of CLO refinancing notes (the "Refinancing Notes") issued by Anchorage Capital CLO 6, Ltd. (the "Issuer"). Moody's rating action is as follows: U.S.$4,000,000 Class X-R3 Senior Secured Floating Rate Notes due 2034 (the "Class X-R3 Not...
Moody's Ratings downgrades CI Financial's ratings to Baa3 from Baa2; o...
Moody's Ratings (Moody's) has downgraded the long-term issuer and senior unsecured debt ratings of CI Financial Corp. (CI) to Baa3 from Baa2. The company's senior unsecured shelf rating was also downgraded to (P)Baa3 from (P)Baa2. The outlook on the ratings remains stable. RATINGS RATIONALE The...
Moody's Ratings assigns ratings to two classes of CLO refinancing note...
Moody's Ratings ("Moody's") has assigned ratings to two classes of CLO refinancing notes (the "Refinancing Notes") issued by Magnetite XVII, Limited (the "Issuer"). Moody's rating action is as follows: U.S.$256,000,000 Class A-R2 Senior Secured Floating Rate Notes due 2037, Assigned Aaa (sf) U....
Moody's Ratings revises Fort Hays State University's (KS) outlook to n...
Moody's Ratings (Moody's) has revised Fort Hays State University's (KS) outlook to negative from stable and affirmed the A1 issuer and revenue bond ratings. At fiscal year-end 2023, the college recorded $32.5 million in outstanding debt. The revision of the outlook to negative from stable reflects...
Moody's Ratings places 11 Ohio community colleges' enhanced ratings un...
Moody's Ratings (Moody's) has placed 11 Ohio community college enhanced ratings under review for downgrade. RATINGS RATIONALE The action follows the placement of the Ohio Community and Technical College Credit Enhancement Program's (Aa1 RUR for downgrade) rating under review for downgrade as we ...
Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Prefer...
Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Preferred Stock DALLAS, April 22, 2024 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, and its board of directors declared a cash dividend of $14.375 per share of the 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), equivalent to $0.359375 per depositary share, each representing a 1/40th interest in a share of the Series B Preferred Stock. The depositary shares are traded on the NASDAQ under the symbol “TCBIO.” Th...
Mingteng International Corporation Inc. Announces Closing of Initial P...
Mingteng International Corporation Inc. Announces Closing of Initial Public Offering Wuxi, China, April 22, 2024 (GLOBE NEWSWIRE) -- Mingteng International Corporation Inc. (the “Company” or “Mingteng International”) (Nasdaq: MTEN), an automotive mold developer and supplier in China, today announced the closing of its initial public offering (the “Offering”) of 1,050,000 ordinary shares at a public offering price of US$4.00 per ordinary share. The ordinary shares began trading on the Nasdaq Capital Market on April 18, 2024, under the ticker symbol “MTEN.” The Company received aggregate g...
Moody's Ratings announces completion of a periodic review of ratings o...
Moody's Ratings (Moody's) has completed a periodic review of the ratings of Belgium and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 4 April 2024 in which Moody's reassessed the appropriateness of the ratings in the context of the re...
Moody's Ratings assigns B2 CFR to Ribbon Communications; outlook stabl...
Moody's Ratings (Moody's) assigned a B2 corporate family rating (CFR) and a B2-PD probability of default rating (PDR) to Ribbon Communications Inc. (Ribbon Communications or Ribbon), a global provider of software and network solutions to enable real-time communications and high-bandwidth networking ...
Moody's Ratings assigns Aaa/VMIG 1 to City of Dallas Housing Finance C...
Moody's Ratings (Moody's) has assigned a Aaa/VMIG 1 rating to the proposed $22.5 million City of Dallas Housing Finance Corporation Multifamily Housing Revenue Bonds (The Mondello) Series 2024. RATINGS RATIONALE The Aaa long-term rating of this cash collateralized transaction is based on the str...
- Niclas Gehin
Tomra (Sell, TP: NOK95.00) - Pricing does not reflect its growth
We expect Tomra to report a Q1 EBITA of NOK311m (results due at 7:00 CET on 26 April). We have reduced our 2024 EPS estimate by 3% on cuts in the Food segment while we have raised our 2026 by 6% from upwards revisions in the Recycling segment. We have raised our target price to NOK95 (75) while we reiterate our SELL as we struggle to justify its 2024e P/E of 33x (similar to that of the ‘Magnificent 7’ with ~20% annual growth rates) when seen in combination with Tomra’s 2024 revenues growth expec...
Moody's Ratings assigns Aa2 to University of Massachusetts Building Au...
Moody's Ratings (Moody's) has assigned Aa2 ratings to the University of Massachusetts Building Authority's (MA) (UMBA) planned $150 million Project Revenue Bonds, Senior Series 2024-1 (fixed rate), maturing in 2054 and issued on behalf of the University of Massachusetts (UMass). Concurrently, Moody'...
Black Hills Corp. Announces Quarterly Dividend
Black Hills Corp. Announces Quarterly Dividend First quarter 2024 earnings call and webcast are Thursday, May 9 RAPID CITY, S.D., April 22, 2024 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its board of directors declared a quarterly dividend on the common stock at a meeting held April 22, 2024. Common shareholders of record at the close of business on May 17, 2024, will receive $0.65 per share, payable June 1, 2024. The company also confirms that it will release its 2024 first quarter earnings after the market closes Wednesday, May 8, 2024, and will host a li...
First Guaranty Bank Bridgeport, WV Branch Officially Opens
First Guaranty Bank Bridgeport, WV Branch Officially Opens HAMMOND, La., April 22, 2024 (GLOBE NEWSWIRE) -- The First Guaranty Bank Bridgeport, West Virginia branch is officially open in its new location at 1000 Jerry Dove Dr in the Market Place business complex in Bridgeport. First Guaranty’s local and established team is committed to providing complete banking solutions, lending and small business services to the community. The new FGB branch is a full-service bank and ready to serve with lobby and drive up open Monday through Friday 8:30 AM – 4:30 PM. Drive up ITMs (Interactive Tel...
Saia Expands Network in New Jersey and Utah
Saia Expands Network in New Jersey and Utah JOHNS CREEK, Ga., April 22, 2024 (GLOBE NEWSWIRE) -- Saia Inc. (NASDAQ: SAIA) announced that Saia LTL Freight will open two new terminals today, one near Trenton, New Jersey, and another in St. George, Utah. The facilities will provide expanded, enhanced service to customers in these important markets. Trenton sits at the center of a bustling regional economy. Outside of state government, the city is seeing many private-sector industries undergo expansion. Likewise, St. George is seeing rapid development. It recently was named one of three Utah...
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