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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 Fresnillo plc and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 16 April 2024 in which Moody's reassessed the appropriateness of the ratings in the context of...
- Dan Salmon
Netflix (NFLX, Neutral, $600 target) NFLX First Take: Disclosure Chang...
What’s New: In this first take following tonight’s results, we touch on: 1. No quarterly subscriber/ARM figures starting 1Q25; new annual revenue guidance instead 2. Revenue growth shifting from subscribers to ARM through 2024 3. Little new advertising color, we expect updated metrics at Upfront, and 4. New capital structure targets driving more flexibility.
Cumulus Media Announces Amendment and Extension of Withdrawal Deadline...
Cumulus Media Announces Amendment and Extension of Withdrawal Deadline and Expiration Time for Exchange Offer and Consent Solicitation ATLANTA, April 18, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the “Company” or “Cumulus”) today announced that its subsidiary, Cumulus Media New Holdings Inc. (the “Issuer”), has amended its previously announced offer to exchange (as so amended, the “Exchange Offer”) any and all of the Issuer’s outstanding 6.750% Senior Secured First-Lien Notes due 2026 (the “Old Notes”) for new 8.000% Senior Secured First-Lien Notes due 2029 (“New Notes”)...
Cumulus Announces Selected Preliminary Operating Results for First Qua...
Cumulus Announces Selected Preliminary Operating Results for First Quarter 2024 ATLANTA, April 18, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) (the "Company," "Cumulus Media," "we," "us," or "our") today announced selected preliminary operating results for the three months ended March 31, 2024. For the three months ended March 31, 2024, the Company expects to report net revenue in a range of $199.0 million to $201.0 million, net loss in a range of $(14.9) million to $(13.4) million, and Adjusted EBITDA(1) in a range of $7.65 million to $9.15 million. The Company will issue...
- Posmarito Pakpahan
Banking – CoF Remains Elevated Due To Liquidity Tightening
As of Feb 24, CoF remained elevated. Combined unconsolidated interest expenses of the big four banks increased 44% yoy in 2M24 while NIM contracted by 21bp in 2M24. Based on historical data, tighter liquidity could improve Indonesian banks’ NIM due to more efficient funding usage. Nevertheless, a longer-term, tighter liquidity can lower NIM. The impact could be different for individual banks, depending on the banks’ funding and asset composition. Maintain OVERWEIGHT. Top picks: BBCA and BMRI.
- Maskun Ramli
- Posmarito Pakpahan
Moody's Ratings withdraws Beibu Investment's rating for business reaso...
Moody's Ratings (Moody's) has today withdrawn Guangxi Beibu Gulf Investment Group Co., Ltd.'s (Beibu Investment) Ba1 corporate family rating. The outlook prior to the withdrawal was negative. RATINGS RATIONALE Moody's has decided to withdraw the rating for its own business reasons. Please re...
- Adrian Loh Tzum Yung
Singapore Property - The Issue Of More Supply, High Taxes And Interest...
While the higher number of new launches and completed units hitting the Singapore residential market in 2024 and 2025 enables buyers to shop around more, the spectre of persistently higher interest rates, as well as high property taxes, could have a dampening effect on sentiment in the near term. We see limited impact on CDL given its diversified income stream while PropNex could be protected by its high 6.5% dividend yield. Maintain OVERWEIGHT.
Moody's Ratings assigns a rating to one class of notes issued by Symph...
Moody's Ratings (Moody's) has assigned a rating to one class of notes issued by Symphony CLO 43, Ltd. (the "Issuer" or "Symphony CLO 43"). Moody's Ratings rating action is as follows: U.S.$256,000,000 Class A-1 Floating Rate Senior Notes due 2037 (the "Class A-1 Notes"), Assigned Aaa (sf) RA...
- Adrian Loh Tzum Yung
Moody's Ratings assigns Aa2 to Oregon HCSD MRB 2024 Series A and B bon...
Moody's Ratings (Moody's) has assigned a rating of Aa2 to State of Oregon Housing and Community Services Department's (OHCSD or the Department) approximately $38.805 million Mortgage Revenue Bonds (Single-Family Mortgage Program), 2024 Series A (Non-AMT) and approximately $42.205 million Mortgage Re...
UPDATE: LifeWallet Announces a Comprehensive Settlement with a Group o...
UPDATE: LifeWallet Announces a Comprehensive Settlement with a Group of Affiliated Property & Casualty Insurers CORAL GABLES, Fla., April 18, 2024 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) (“LifeWallet” or “the Company”) announces another comprehensive settlement with a group of affiliated property and casualty insurers (“P&C Insurers”) that write personal lines of P&C insurance in multiple states. In addition to settling existing claims, the settlement establishes a going-forward process to collaboratively and timely resolve future claims, as well as share ...
Moody's Ratings upgrades Goodlettsville, TN to Aa2 from Aa3
Moody's Ratings (Moody's) has upgraded Goodlettsville, TN's issuer rating and general obligation unlimited tax (GOULT) debt ratings to Aa2 from Aa3. The city had $12.5 million of debt outstanding as of fiscal 2023. The upgrade to Aa2 reflects the city's robust financial position marked by very str...
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