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 PRESS RELEASE

Canoo to Announce First Quarter 2024 Financial Results

Canoo to Announce First Quarter 2024 Financial Results Justin, TX, May 03, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: ), a high-tech advanced mobility company, today announced that it will report its financial results for the quarter ended March 31, 2024 after market close on Tuesday, May 14, 2024. The Company will host a conference call and live webcast at 5:00 pm ET to discuss the results, followed by a question-and-answer period. Those interested are invited to listen to the live webcast online . A replay of the webcast will be available shortly afterwards . Date: Tuesday, May 14, 2024Time...

Texas Trans. Comm.-Central TX Tpke. Sys., TX: Update to credit analysi...

Our credit view of this issuer reflects its strong traffic growth, constrained by its high leverage and escalating debt service profile.

Jonathan Chaplin
  • Jonathan Chaplin

Frontier Model Update

This note focuses on changes to the model following 1Q24 results. Earlier today, we published a review of results and comprehensive thoughts following the earnings call. The changes to estimates are minor. Our long-term thesis remains unchanged. Price target is $52.

FGI Acquisition Corp.: Update to credit analysis following upgrade of ...

Our credit view of this issuer reflects its broad geographic footprint and international presence and its strong niche market position with a few proprietary products.

Moody's Ratings upgrades the City of Celina, TX's Issuer and GOLT rati...

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...

DeKalb & LaSalle Counties CUSD 432 (Somonauk), IL: Update to credit an...

Our credit view of the district including a strong financial position, low long-term leverage and exposure to an underfunded retirement system.

 PRESS RELEASE

Grupo Aeroportuario del Pacifico Reports in April 2024 a Passenger Tra...

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%...

BorgWarner Inc.: Update to credit analysis - Positioned to manage tran...

Our credit view of this issuer reflects its good geographic and customer diversity, constrained by its margins challenged by increasing EV investments.

Ogunquit (Town of) ME: New issuer

Our credit view reflecting a small tax base dependent on tourism, stable finances, and moderate liabilities.

Moody's Ratings assigns ratings to two classes of notes issued by Bene...

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...

Banking – Argentina: Argentina's lower policy rate will constrain bank...

The lower policy rate will constrain banks' interest income and increase incentives for holding sovereign debt, although it will improve medium term prospects for a recovery of loans.

Håkon Astrup
  • Håkon Astrup

Danske Bank (Buy, TP: DKK235.00) - Distributions slow, but approaching

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 changes Transportadora Associada de Gas S.A. outlook ...

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 ...

CLO Interest: April 2024 Edition

This newsletter provides a compendium of articles about US and European CLOs.

Moody's Ratings assigns initial Aa2 issuer and GO ratings to Ogunquit,...

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...

 PRESS RELEASE

FG Acquisition Corp. Announces Proposed Acquisition of Strong/MDI Scre...

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...

Rose-Hulman Institute of Technology, IN: Update to credit analysis

Our credit view of this issuer reflects its future pricing power constrained by regional competition including lower priced public universities and endowed private universities.

Moody's Ratings affirms Village of Minster, OH's A1 Issuer Rating

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 ...

 PRESS RELEASE

LGI Homes, Inc. Reports April 2024 Home Closings

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 assigns Aaa/VMIG 1 to Texas Department of Housing and ...

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...

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