Wedbush Morning Call - Apr 25 2024 7:28AM

CQ1'24 Earnings Preview - Thr, 5/2

Fifth Third Joins Mastercard’s Priceless Planet Coalition

CINCINNATI--(BUSINESS WIRE)-- As part of its commitment to combat climate change and in celebration of Earth Day 2024, Fifth Third Bank today announced it has joined Mastercard’s Priceless Planet Coalition, an effort to restore 100 million trees across the globe by 2025. By signing onto the coalition, Fifth Third will do its part and help to restore 10,000 trees. The Priceless Planet Coalition is a valuable international program that helps promote tree restoration across six continents with 18 reforestation projects to create maximum impact. The lone project in the United States is located i...

Moody's Ratings assigns Aa2 to Clemson University's (SC) Series 2024A bonds and affirms existing ratings; outlook remains stable

Moody's Ratings (Moody's) has assigned a Aa2 rating to Clemson University's proposed $52 million Higher Education Revenue Bonds, Series 2024A (Manning Hall Project), expected to mature in 2054. Moody's has also affirmed the Aa2 issuer rating on the university as well as Aa2 and Aa3 ratings on prior ...

Moody's Ratings assigns ratings to three classes of CLO refinancing notes issued and one class of loans incurred by Galaxy XXV CLO, Ltd.

Moody's Ratings (Moody's) has assigned ratings to three classes of CLO refinancing notes issued and one class of loans incurred (the "Refinancing Debt") by Galaxy XXV CLO, Ltd. (the "Issuer").   Moody's rating action is as follows: U.S.$5,000,000 Class X-R Senior Floating Rate Notes due 2036, Assign...

Moody's Ratings downgrades Brandywine's ratings to Ba2, changes outlook to stable from negative

Moody's Ratings (Moody's) has downgraded Brandywine Operating Partnership, L.P.'s ("Brandywine" or "the REIT") corporate family rating and backed senior unsecured ratings to Ba2 from Ba1 because the cost of recent debt refinancings has weakened its fixed charge coverage and the difficult operating e...