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Block Financial LLC: Update to credit analysis

Our credit view of this issuer reflects its good profitability rates and high customer retention rate, constrained by its historically low revenue growth.

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 St. John's International Airport Authority and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 15 May 2024 in which Moody's reassessed the appropriateness of t...

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 Transnetwork, LLC and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 16 May 2024 in which Moody's reassessed the appropriateness of the ratings in the context...

 PRESS RELEASE

IntelGenx Initiates Restructuring Proceedings Under the CCAA to Implem...

IntelGenx Initiates Restructuring Proceedings Under the CCAA to Implement a Review of its Strategic Alternatives MONTREAL, May 17, 2024 (GLOBE NEWSWIRE) -- IntelGenx Technologies Corp. (the “Company” or “IntelGenx”) (OCTQB: IGXT; TSX: IGX), a leading drug delivery company focused on the development and manufacturing of pharmaceutical films, announced today that the Québec Superior Court (Commercial Division) (the “Court”) has issued an initial order (the “Initial Order”) granting the Company and its subsidiaries protection under the Companies’ Creditors Arrangement Act (R.S.C., 1985, c. C...

Moody's announces completion of a periodic review of ratings of Asian ...

Moody's Ratings has completed a periodic review of the ratings of Asian Infrastructure Investment Bank (AIIB) and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 9 May 2024 in which Moody's reassessed the appropriateness of the ratings...

Moody's Ratings affirms AT&T's Baa2 rating; outlook stable

Moody's Ratings (Moody's) affirmed AT&T Inc.'s (AT&T) Baa2 unsecured rating, Prime-2 (P-2) short-term commercial paper rating and Ba1 rating on the company's preferred stock. The outlook remains stable. The stable outlook reflects Moody's expectations that AT&T will continue to improve overall ope...

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 Banco Azteca, S.A. (Azteca) and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 16 May 2024 in which Moody's reassessed the appropriateness of the ratings in t...

 PRESS RELEASE

Millicom (Tigo) share repurchase activity  

Millicom (Tigo) share repurchase activity   Millicom (Tigo) share repurchase activity Luxembourg, May 17, 2024 – Pursuant to the share repurchase program announced on December 15, 2023, Millicom repurchased 36,701 of its Swedish Depository Receipts (SDRs) between May 13, 2024 and May 17, 2024, as detailed in the table below. Trade DateNumber of SDRs repurchasedDaily average price paid* (SEK) Daily repurchase amount* (SEK)05/13/20247,577245.06861,856,88505/14/20247,110249.45921,773,65505/15/20247,437252.97471,881,37305/16/20247,277254.11691,849,20905/17/20247,300254.12991,855,148 * Excludi...

Moody's Ratings assigns Aa2 to Wisconsin Housing and Economic Developm...

Moody's Ratings (Moody's) has assigned the rating of Aa2 to the $190 mil. Wisconsin Housing and Economic Development Authority ("WHEDA" or the "Authority") Home Ownership Revenue Bonds, 2024 Series B (Non-AMT) (Social Bonds) (the "Bonds"). The outlook on the rating is stable. The total debt outstand...

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 Portugal and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 14 May 2024 in which Moody's reassessed the appropriateness of the ratings in the context of the r...

Moody's Ratings upgrades Glen Cove, NY to Baa1; assigns Baa1 to GOLT B...

Moody's Ratings (Moody's) upgrades to Baa1 from Baa2 the issuer rating and general obligation limited tax (GOLT) rating on the City of Glen Cove, NY. Concurrently, Moody's assigns Baa1 to the estimated $5 million Public Improvement Serial Bonds - 2024. Post-sale, the city will have approximately $51...

 PRESS RELEASE

Iovance Biotherapeutics Reports Inducement Grants under NASDAQ Listing...

Iovance Biotherapeutics Reports Inducement Grants under NASDAQ Listing Rule 5635(c)(4) SAN CARLOS, Calif., May 17, 2024 (GLOBE NEWSWIRE) -- Iovance Biotherapeutics, Inc. (NASDAQ: IOVA) ("Iovance" or the “Company”), a biotechnology company focused on innovating, developing, and delivering novel polyclonal tumor infiltrating lymphocyte (“TIL”) therapies for patients with cancer, today announced that on May 16, 2024 (the “Date of Grant”), the Company approved the grant of inducement stock options covering an aggregate of 153,930 shares of Iovance’s common stock to thirty new, non-executive e...

Sub-Sovereign Ratings List

May 17, 2024Country Issuer Outlook [2] Long-Term [3] Short-Term [4] National Scale RatingARGENTINA Buenos Aires, City of STA Caa3Buenos Aires, Province of STA CaChaco, Province of STA CaChubut, Province of STA CaCordoba, Municipality of STA CaCordoba, Province of STA CaMendoza, Province of STA CaRio...

Capital Beltway Express LLC: Update to credit analysis

Our credit view of this issuer reflects its favorable view of the ultimate 50% equity owner of Transurban Chesapeake, constrained by its high total leverage.

 PRESS RELEASE

Clairvest Partners with ECL Entertainment to Acquire Wyoming Downs

Clairvest Partners with ECL Entertainment to Acquire Wyoming Downs TORONTO, May 17, 2024 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) (“CVG”) today announced that it, together with Clairvest Equity Partners VI (“CEP VI”, collectively “Clairvest”) and ECL Entertainment, LLC (“ECL”), have acquired Wyoming Downs, a licensed live horse racing and off-track betting (“OTB”) operator in Wyoming (which includes historical horse racing (“HHR”) and simulcast). ECL is a seasoned owner-operator of multiple HHR gaming assets in Kentucky. This represents Clairvest’s second partnership with ECL E...

Moody's Ratings assigns Baa3 rating to Cencosud's proposed notes and a...

Moody's Ratings (Moody's) has today affirmed the Baa3 long term issuer rating of the Chilean retailer Cencosud S.A. (Cencosud) and its Baa3 Backed Senior Unsecured rating. Concurrently, Moody's has assigned a Baa3 instrument rating on Cencosud's proposed senior unsecured notes. The outlook changed t...

Moody's Ratings assigns A1 ENH to Paris ISD, KY's Revenue Bonds

Moody's Ratings (Moody's) has assigned an A1 enhanced rating to Paris Independent School District, KY's approximately $4.87 million School Building Revenue Bonds, Series of 2024, issued through the Paris Independent School District Finance Corporation, KY. RATINGS RATIONALE The A1 enhanced ratin...

 PRESS RELEASE

Altus Group Terminates Proposed Acquisition of Situs Group’s Commercia...

Altus Group Terminates Proposed Acquisition of Situs Group’s Commercial Real Estate Valuation Services Business Transaction unlikely to receive regulatory approval in a timely manner; Altus Group maintains focus on organic strategy to enhance consistency and transparency of valuations within the CRE industry TORONTO, May 17, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus Group” or the “Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today that it has delivered a termination notice with respect to its previously ...

 PRESS RELEASE

Athira Pharma Announces Proposed Settlement of Stockholder Derivative ...

Athira Pharma Announces Proposed Settlement of Stockholder Derivative Action BOTHELL, Wash., May 17, 2024 (GLOBE NEWSWIRE) --  (NASDAQ: ATHA), a late clinical-stage biopharmaceutical company focused on developing small molecules to restore neuronal health and slow neurodegeneration, today announced that the U.S. District Court for the Western District of Washington issued an order providing for preliminary approval of a proposed settlement of the claims asserted nominally on behalf of Athira against the individual defendants named in the previously disclosed stockholder derivative actions...

 PRESS RELEASE

Titan Provides Update on Planned Merger with Conavi

Titan Provides Update on Planned Merger with Conavi TORONTO, Ontario, May 17, 2024 (GLOBE NEWSWIRE) -- Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) is providing an update on its planned merger with Conavi Medical Inc. (“Conavi”) pursuant to the definitive amalgamation agreement (the “Amalgamation Agreement”) dated March 17, 2024 (the “Transaction”), as previously announced on March 18, 2024 and April 22, 2024. Titan and Conavi are both working on satisfying the closing conditions outlined in the Amalgamation Agreement, which includes: Preparation of submissions to the TSXV in con...

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