Reassuring price comments from Timken

Moody's Ratings downgrades WIN Waste's CFR to Caa1; changes outlook to...

Moody's Ratings (Moody's) downgraded the ratings of WIN Waste Innovations Holdings Inc. (WIN Waste or WIN), including the corporate family rating to Caa1 from B3, probability of default rating to Caa1-PD from B3-PD and the rating on the company's first-lien senior secured bank debt to Caa1 from B3. ...

2023FY Banking Stock Note | ZENITH | UBA | GTCo | ACCESSCORP

Zenith Bank released the audited Full-year results for 2023, revealing a robust topline performance. Gross Earnings, which exceeded our 2023FY estimates, grew by 125.45% YoY to NGN2.13trn on the wheels of increased interest and non-interest income. For context, Interest Income climbed 111.91% YoY to NGN1.15trn while Non-Interest Income grew significantly by 143.49% YoY to NGN987.08bn. United Bank for Africa Plc. audited Full-year results for 2023 showed an impressive topline and bottom-line per...

Moody's Ratings assigns Aa3 to Queensbury UFSD, NY's Series 2024 GOULT...

Moody's Ratings (Moody's) has assigned a Aa3 rating to Queensbury Union Free School District, NY's estimated $18.3 million School District Serial Bonds, 2024. Moody's maintains a Aa3 issuer rating on the district and a Aa3 rating on the districts outstanding general obligation unlimited tax (GOULT) ...

Greer (City of) SC: New Issuer

Our credit view of the city, which includes a strong financial position, moderate long-term liabilities, and an expanding local economy.

Moody's Ratings assigns Aa1 to Ohio's certificates of participation; o...

Moody's Ratings (Moody's) has assigned Aa1 rating to the State of Ohio's approximately $22 million Certificates of Participation, Series 2024 (Ohio Attorney General Claims Project). The outlook is stable. RATINGS RATIONALE The Aa1 rating is one notch below the state's Aaa issuer rating, reflecti...

Moody's Ratings upgrades 26 US RMBS bonds backed by Assured Guaranty C...

Moody's Ratings (Moody's) has upgraded the ratings of 26 classes of US RMBS securities wrapped by Assured Guaranty Corp. (AGC) and their affiliated insurance operating companies. The securities impacted include certain RMBS transactions. Please click on this link /viewresearc...

Moody's Ratings assigns Aa3 to Guilderland CSD, NY's GO Bonds

Moody's Ratings (Moody's) has assigned a Aa3 rating to Guilderland Central School District, NY's $6.5 million Tax Certiorari (Serial) Bonds - 2024 (Federally Taxable). Moody's maintains the district's outstanding Aa3 issuer rating and Aa3 general obligation unlimited tax (GOULT) ratings. Following t...

Moody's Ratings affirms National Bank of Fujairah Baa1/P-2 long- and s...

Moody's Ratings (Moody's) has today affirmed National Bank of Fujairah PJSC (NBF) long-term foreign and local currency deposit ratings at Baa1, short-term foreign and local currency deposit ratings at Prime-2 (P-2), Baseline Credit Assessment (BCA) and Adjusted BCA at ba1. The outlook on the bank's ...

Moody's Ratings assigns Aaa to Virginia Housing Dev. Auth.'s Commonwea...

Moody's Ratings (Moody's) has assigned a Aaa rating to the proposed $80 million Virginia Housing Development Authority's ("Virginia Housing") Commonwealth Mortgage Bonds 2023 Series E-Non-AMT, Subseries E-2, and a Aaa rating to the proposed $160 million Commonwealth Mortgage Bonds 2024 Series B - Ta...

Gulfport Energy Corporation: Low leverage and consistent free cash flo...

Our credit view of this issuer reflects its strong credit metrics.

Moody's Ratings affirms National Bank of Umm Al-Qaiwain Baa2/P-2 long-...

Moody's Ratings (Moody's) has today affirmed National Bank of Umm Al-Qaiwain (PSC) (NBQ) long-term local and foreign currency deposit ratings at Baa2, short-term local and foreign currency deposit ratings at Prime-2 (P-2), Baseline Credit Assessment (BCA) and Adjusted BCA at ba2. The outlook on the ...

Moody's Ratings affirms CoStar's Baa3 rating; stable outlook

Moody's Ratings ("Moody's") today affirmed CoStar Group, Inc.'s ("CoStar") Baa3 senior unsecured rating. The outlook remains stable. Governance, CoStar's prudent financial policy in particular, is a key driver of today's action. Moody's believes that the company's financial metrics will remain con...

Moody's Ratings downgrades Muhlenberg College (PA) to A3 from A2, assi...

Moody's Ratings (Moody's) has downgraded Muhlenberg College's (PA) issuer and outstanding debt ratings to A3 from A2. Concurrently, Moody's has assigned an A3 to the $75 million of College Revenue Bonds (Muhlenberg College Project) Series of 2024. The bonds, to be issued through the Lehigh County Ge...

CITGO Petroleum Corporation: Update to credit analysis

Our credit view of this issuer reflects its large scale and complex refining system, against its ownership by PDVSA.

April Fed Meeting Tapers QT

Surface Transforms (SCE LN) - Fundraising to support volume production

Surface Transforms has announced a Placing and Subscription seeking £6.5m at 1p, combined with an Open Offer for up to £2m (before expenses). Proceeds will be used for working capital for existing operations and to support the manufacturing scale-up. We introduce summary estimates pending the outcome of the entire fundraising event (including the Open Offer) and the full outturn statement for 2023a due in late May. Our base case assumption is for revenue of £17.5m in 2024e (2023a: £8.3m); this c...

Invesco Perpetual UK Smaller Co: 3 directors

Three Directors at Invesco Perpetual UK Smaller Co bought 7,132 shares at between 411p and 412p. The significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ...