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Jonathan Chaplin
  • Jonathan Chaplin

Altice Model Update

This note focuses mostly on model changes. Please see separate notes reviewing results and on thoughts following the earnings call. The Company needs to stabilize EBITDA and reduce debt to reclaim equity value. They are making (slow) progress on the first. The second is possible via discounted exchanges, but it won’t be easy. We remain on the sidelines.

Nicky Mapa ... (+2)
  • Nicky Mapa
  • Rob Carnell

Asia Morning Bites

Asian markets are buoyant ahead of the US labour report

Lompoc Valley Medical Center, CA: Update to credit analysis following ...

Our credit view of Lompoc Valley Medical Center, reflecting the district's somewhat thin and narrowing liquidity, large tax base and modest long-term liabilities.

 PRESS RELEASE

First National Bank Alaska Declares Dividend For Second Quarter 2024

First National Bank Alaska Declares Dividend For Second Quarter 2024 ANCHORAGE, Alaska, May 02, 2024 (GLOBE NEWSWIRE) -- At the Board of Directors meeting held May 1, 2024, a cash dividend of $3.20 per share was declared, payable on June 15, 2024, to shareholders of record as of June 1, 2024. CONTACT: Cheri GillianSecretary to the Board of Directors907-777-3409

Lakeshore Technical College District, WI: Update to credit analysis

Our credit view of this issuer reflects its modest leverage and solid financial position, offset by its long-term trend of declining enrollment.

 PRESS RELEASE

Black Diamond Reports First Quarter 2024 Results And Declares Dividend

Black Diamond Reports First Quarter 2024 Results And Declares Dividend CALGARY, Alberta, May 02, 2024 (GLOBE NEWSWIRE) -- Black Diamond Group Limited ("Black Diamond", the "Company" or "we"), (TSX:BDI), a leading provider of space rental and workforce accommodation solutions, today announced its operating and financial results for the three months ended March 31, 2024 (the "Quarter") compared with the three months ended March 31, 2023 (the "Comparative Quarter"). All financial figures are expressed in Canadian dollars. Key Highlights from the First Quarter of 2024 Consolidated r...

Moody's Ratings assigns initial Aa3 to the Port of Greater Cincinnati ...

Moody's Ratings (Moody's) has assigned an initial Aa3 rating to the Port of Greater Cincinnati Development Authority, OH's Senior Development Revenue and Refunding Bonds Series 2024A, with a proposed par amount of $57.5 million. Moody's also assigns an initial A2 rating to the authority's First Subo...

Rating Methodology: Corporate Synthetic CDOs

This methodology describes our approach to rating corporate synthetic CDOs.

Rating Methodology: Moody’s Approach to Rating Derivative Product Comp...

This methodology describes our approach to rating derivative product companies.

Rating Methodology: US Tax Lien Securitizations

This methodology describes our approach to rating US tax lien securitizations.

Rating Methodology: Utility Cost Recovery Charge Securitizations

This methodology describes our approach to rating utility cost recovery charge securitizations.

Soomit Datta
  • Soomit Datta

MELI US (Buy, TP: $1,800, +25%) Q1 24 - Argentina really is in the pri...

Adjusting for an accounting change group revenue was 5% ahead, whilst EBIT beat by 11%. The revenue beat came from Fintech, and in turn from Acquiring (on-line called out) rather than Credit.

Rating Methodology: US Property Assessed Clean Energy (PACE) Securitiz...

This methodology describes our approach to rating US Property Assessed Clean Energy (PACE) securitizations.

 PRESS RELEASE

Faircourt Gold Income Corp. Announces Net Asset Value for Annual Redem...

Faircourt Gold Income Corp. Announces Net Asset Value for Annual Redemption of Class A Shares Toronto, ON, May 02, 2024 (GLOBE NEWSWIRE) -- Faircourt Asset Management Inc., the Manager of Faircourt Gold Income Corp. (the “Company”) announces today that Securityholders who tendered their Class A Shares for redemption on March 28, 2024 will be entitled to receive $2.8944 per Class A Share, which is equal to the Net Asset Value per Share calculated using a five day volume weighted average price for exchange-traded equity securities held by the Company, determined as of April 29 2024 less the...

 PRESS RELEASE

ServiceNow’s Expanded Scope Boosts Uptake in Australia

SYDNEY--(BUSINESS WIRE)-- ServiceNow adoption in Australia is growing rapidly as more enterprise functions and units embrace the workflow management platform, according to a new research report published today by Information Services Group () (Nasdaq: ), a leading global technology research and advisory firm. The 2024 ISG Provider Lens™ ServiceNow Ecosystem Partners report for Australia finds that many organizations in the country, having used ServiceNow for IT service management (ITSM), are embracing recently introduced modules for other functions, such as HR, security and customer experien...

Pulaski (City of) TN Electric Enterprise: Update to credit analysis

Our credit view of Pulaski Electric Enterprise highlighting its strong coverage, healthy liquidity, below average service area wealth levels, and low leverage.

Carousel Center Project, NY: Update to credit analysis

Our credit view of this issuer reflects its strong incentive to pay PILOT obligations, against its financial performance of the Carousel Center and its potential for receivership.

LTR Intermediate Holdings, Inc.: Update to credit analysis following o...

Our credit view of this issuer reflects its favorable dynamics supporting scrap tire collection, offset by its volatile, low margin recycled tire applications as well as high debt leverage.

Moody's Ratings assigns a Aa3 to Pulaski, TN's $10.0 million Electric ...

Moody's Ratings (Moody's) has assigned a Aa3 to the City of Pulaski, TN's proposed $10.0 million Electric System Revenue Bonds, Series 2024. Moody's maintains the Aa3 electric revenue rating on the city's outstanding electric revenue debt. Post issuance, the city's electric enterprise will have appr...

Kaiser Aluminum Corporation: Annual update to credit considerations

Our credit view of this issuer reflects its robust market position, long-standing customer relationships and pass-through business model constrained by its modest size and elevated leverage.

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