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Badger Finance, LLC: Update to credit analysis following Caa2 CFR affi...

Our credit view of Badger Finance reflects its high financial leverage and approaching maturities against its growing demand and penetration of U.S. single-serve coffee category

 PRESS RELEASE

Novo Nordisk A/S - share repurchase programme

Novo Nordisk A/S - share repurchase programme Bagsværd, Denmark, 06 May 2024 – The execution of Novo Nordisk A/S’ overall share repurchase programme for 2024 of DKK 20 billion continues. As part of this, Novo Nordisk A/S has now initiated a new share repurchase programme of up to DKK 2.2 billion in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the "Safe Harbour Rules”). The purpose of the programme is to reduce the company’s share capital and to meet o...

Public Finance – US: New municipal delinquencies declined in Q1 2024

A summary and analysis of defaults and other material credit events reported on municipal bonds during the first quarter of 2024.

 PRESS RELEASE

Novo Nordisk A/S purchases B shares worth DKK 5,428 million from Novo ...

Novo Nordisk A/S purchases B shares worth DKK 5,428 million from Novo Holdings A/S under the 2024 share repurchase programme Bagsværd, Denmark, 06 May 2024 – Today, Novo Nordisk A/S has entered into an agreement to purchase 6,311,250 B shares of DKK 0.10 at a value of DKK 5,427,801,225.00 million from Novo Holdings A/S. The transaction is part of Novo Nordisk A/S’ 2024 share repurchase programme of up to a total of DKK 20 billion to be executed during a 12-month period beginning 6 February 2024. The transaction price is DKK 860.02 per share and has been calculated as the three-day volume we...

Algoma University (Canada): Update to credit analysis

Our credit view of this issuer reflects its strong liquidity built from robust operating performance, offset by its relatively new management and untested financial policies.

Moody's Ratings assigns definitive ratings to twelve CMBS classes of B...

Moody's Ratings (Moody's) has assigned definitive ratings to twelve classes of CMBS securities, issued by BANK5 Trust 2024-5YR6, Commercial Mortgage Pass-Through Certificates, Series 2024-5YR6: Cl. A-1, Definitive Rating Assigned Aaa (sf) Cl. A-3, Definitive Rating Assigned Aaa (sf) Cl. A-3-1, D...

Moody's Ratings assigns provisional ratings to one class of notes to b...

Moody's Ratings (Moody's) has assigned provisional ratings to one class of notes to be issued and one class of loans to be incurred by Generate CLO 15 Ltd (the "Issuer" or "Generate 15"). Moody's rating action is as follows: U.S.$238,000,000 Class A Floating Rate Notes due 2037, Assigned (P)Aaa ...

 PRESS RELEASE

CLARIANE : Exécution du plan de renforcement de la structure financièr...

PARIS--(BUSINESS WIRE)-- Regulatory News: Clariane (Paris:CLARI) (CLARIA.PA – ISIN FR0010386334) : le Groupe annonce aujourd’hui avoir reçu une promesse d’achat de la part de la Fondation Santé Service et consenti une exclusivité en vue de la cession de l’ensemble de ses activités d’Hospitalisation à Domicile et Services de Soins Infirmiers à Domicile (HAD/SSIAD) en France. Cet accord intervient à l'issue d'un processus d'appel d'offres auquel ont participé plusieurs acteurs du secteur. Reconnue d'utilité publique depuis 2013, La Fondation Santé Service est le premier acteur français de l'...

Structured Finance – Global: Quick Check: Weekly Round-Up

This report highlights our structured finance rating actions and research across a wide spectrum of asset classes globally, and serves as a gateway to our newsletters, ratings and more.

 PRESS RELEASE

Old National’s Boudreau, Rubocki Receive National Military Friendly® A...

Old National’s Boudreau, Rubocki Receive National Military Friendly® Award Honors Boudreau (Madison, Wisc., office) receives Employee Veteran Leadership awardRubocki (Joliet, Ill., office) named a Veteran Champion of the Year in Corporate America EVANSVILLE, Ind., May 06, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bancorp (“Old National”) team members Jeff Boudreau, Community Banking Market Manager, VP, and Cheri Rubocki, Talent Acquisition Director, SR, SVP, were recently honored by the military employment advocacy group Military Friendly®. Boudreau received the Employee Vete...

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 SK Broadband Co., Ltd. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 30 April 2024 in which Moody's reassessed the appropriateness of the ratings in the ...

Cincinnati Children's Hospital Med. Ctr., OH: Update to credit analysi...

Our credit view of this issuer reflects its strong liquidity with nearly 500 days cash, against its high reliance on Medicaid funding, typical of children's hospitals.

 PRESS RELEASE

Magna gibt Ergebnisse des ersten Quartals 2024 bekannt

Magna gibt Ergebnisse des ersten Quartals 2024 bekannt Der Umsatz stieg um 3 % auf 11 Mrd. USD, während die weltweite Produktion von leichten Nutzfahrzeugen um 2 % zunahmDer verwässerte Gewinn je Aktie und der bereinigte verwässerte Gewinn je Aktie betrugen 0,03 USD bzw. 1,08 USDVerbuchung von Wertminderungen und Umstrukturierungen in Höhe von insgesamt 316 Mio. USD im Zusammenhang mit FiskerDividendenausschüttung von 134 Mio. USDBeibehaltung des Ausblicks für die bereinigte EBIT-Marge für 2024 in Höhe von 5,4 %-6,0 % AURORA, Ontario, May 06, 2024 (GLOBE NEWSWIRE) -- Magna International ...

 PRESS RELEASE

Magna annonce ses résultats pour le premier trimestre 2024

Magna annonce ses résultats pour le premier trimestre 2024 Les ventes ont augmenté de 3 % pour atteindre 11,0 milliards de dollars, alors que la production mondiale de véhicules légers a, quant à elle, augmenté de 2 %.Le bénéfice par action dilué et le bénéfice par action dilué ajusté s’élèvent respectivement à 0,03 dollar et 1,08 dollar.Les dépréciations d’actifs et les charges de restructuration en lien avec Fisker s’enregistrent à hauteur de 316 millions de dollarsLes dividendes versés représentent une somme de 134 millions de dollarsLes prévisions de marge opérationnelle ajustée se main...

 PRESS RELEASE

NFI announces Election of Directors, including new Board member Anne M...

NFI announces Election of Directors, including new Board member Anne Marie O’Donovan WINNIPEG, Manitoba, May 06, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) The Board of Directors (the “Board”) of NFI Group Inc. (the “Company”), a leader in zero-emission electric mobility solutions, is pleased to announce that Anne Marie O’Donovan was elected as a new director of the Board at the Company’s annual general meeting of shareholders (the “Shareholder Meeting”) held on Friday May 3, 2024. Anne Marie has been appointed the new chair of the Audit Committee effective at the Shareh...

Corpay Technologies Operating Company, LLC: Update to credit analysis

Our credit view of this issuer reflects its high profitability, offset by a moderate long-term headwind to fleet business growth over the coming decades.

Target Hospitality Corp.: Update to credit analysis

Our credit view of this issuer reflects its very strong EBITDA margins, constrained by its modest revenue scale and its geographic and customer concentration risk.

Moody's Ratings assigns Aaa to Bergen County, NJ's 2024 GO Bonds

Moody's Ratings (Moody's) has assigned a Aaa rating to Bergen County, NJ's proposed $39.6 million Tax-Exempt General Obligation Bonds, Series 2024, consisting of $24.5 million General Improvement Bonds, Series 2024A; $8 million County Vocational/Technical School Bonds, Series 2024B; $2 million Count...

 PRESS RELEASE

Aktia Bank Plc: Disclosure under Chapter 9, Section 10 of the Finnish ...

Aktia Bank Plc: Disclosure under Chapter 9, Section 10 of the Finnish Securities Markets Act (Companies controlled by Erkki Etola) Aktia Bank PlcStock Exchange Release6 May 2024 at 8.30 p.m. Aktia Bank Plc: Disclosure under Chapter 9, Section 10 of the Finnish Securities Markets Act (Companies controlled by Erkki Etola) Aktia Bank Plc has received a notification in accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act from Erkki Etola, according to which the holding of Etola Group Oy, the company controlled by Erkki Etola, exceeds the 5% threshold of the number of sha...

National Bank of Fujairah PJSC: Update following rating affirmation

Our credit view of this issuer reflects its robust capital buffers, sound core earnings, solid funding and liquidity, moderated by asset quality exposed to SMEs and mid-size corporates.

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