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Moody's Ratings affirms Meituan's Baa1 ratings, revises outlook to neg...

Moody's Ratings (Moody's) has affirmed Meituan's Baa1 issuer rating and senior unsecured ratings. At the same time, we revised the rating outlook to negative from stable. "The negative outlook reflects the rising uncertainty on the recovery of Meituan's food delivery business due to intense compet...

PLN (Persero) (P.T.): Update following change in outlook to negative

Our credit view of this issuer reflects a high likelihood of extraordinary government support, against its tariff setting.

Government of Pakistan – Caa1 stable: Regular update

Our credit view of this issuer reflects its high liquidity and external vulnerability risks, and weak fiscal position, balanced against moderate growth prospects.

Moody’s Ratings affirms Sunlight Agricultural Mutual’s Baa2 IFSR; chan...

Hong Kong , February 11, 2026 Moody's Ratings (Moody's) has affirmed the Baa2 insurance financial strength rating (IFSR) of Sunlight Agricultural Mutual Insurance Company (Sunlight Agricultural Mutual). At the same time, we have changed Sunlight Agricultural Mutual's outlook to positive from stabl...

Bank of Jiangsu Co., Ltd.: Update following rating affirmation

Our credit view of Bank of Jiangsu reflects unseasoned risks, modest capitalization and funding, which are partially mitigated by its good profitability and adequate liquid resources.

Banco Santander, S.A. (Spain): Santander seeks to improve medium-term ...

The acquisition will accelerate Santander's expansion in the US, supporting efforts to enhance its medium-term profitability and broaden its footprint in core markets.

Pelabuhan Indonesia (Persero) (P.T.): Update following change in outlo...

Our credit view of this issuer reflects its strategic importance to the Indonesian government, against its sizable capital spending program.

Consumer Loan ABS – Europe: BNPL growth and credit features pose oppor...

Meanwhile, regulatory tightening will reshape the market, improving consumer protections but increasing compliance costs and eroding the profitability of the products.

Fergus Falls Independent School District 544, MN: Update to credit ana...

Our credit view of Fergus Falls ISD 544 reflects its strong financial position, stable economic base with solid economic fundamentals, and moderate leverage with outstanding capital needs.

Cengage Learning, Inc.: Update to credit analysis

Our credit view of Cengage reflects its seasonality, limited free cash flow relative to high debt burden against its strong market position and ownership of proprietary content

Moody's Ratings affirms Aaa rating of Farm Credit Canada, outlook stab...

Moody's Ratings (Moody's) has affirmed the Aaa local currency long-term issuer rating and the Prime-1 foreign currency Commercial Paper rating of Farm Credit Canada (FCC). FCC's outlook remains stable. RATINGS RATIONALE The affirmation of FCC's ratings reflects FCC's status as an Agent of His Ma...

First Gas Limited: Update to credit analysis

Our credit view of this issuer reflects its dominant market position and regulated revenue visibility, offset by its moderately high financial leverage.

Korea Ocean Business Corporation: Update to credit analysis

Our credit view of KOBC reflects the government support it receives.

YF Life Insurance International Limited: New issuer - Solid profitabil...

Our credit view of this issuer reflects a track record of good profitability, offset by its high reliance on the agency and broker channel for distribution.

Moody's Ratings upgrades ratings on notes from Taurus 2025-1 Trust

Moody's Ratings (Moody's) has upgraded the ratings on five classes of notes issued from Taurus 2025-1 Trust. IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. SUCH USE WOULD BE RECKLESS AND INAPPROPRIATE. SEE FULL DISCLAIMERS BELOW. The affected rat...

Moody's Ratings assigns Aa2 to University of California's (CA) general...

Moody's Ratings (Moody's) has assigned Aa2 ratings to University of California, CA's (UC) proposed approximately $968 million of General Revenue Bonds, 2026 Series CE and approximately $934 million of General Revenue Bonds, 2026 Series CF. The Series CE and CF bonds are expected to have final maturi...

Credit Fundamentals – Global: Explanatory comment – Effects of change ...

Structured finance performance metrics under our updated structured finance default definition are broadly consistent with those under the former impairment framework.

Moody's Ratings assigns Baa1 rating to Cencora's new senior unsecured ...

Moody's Ratings (Moody's) assigned a Baa1 rating to Cencora, Inc.'s (Cencora) new senior unsecured notes offering. There are no changes to the company's existing Baa1 senior unsecured ratings and Prime-2 commercial paper rating. The outlook is stable. We expect net proceeds of the $3.0 billion sen...

Moody's Ratings assigns definitive ratings to colocation data center s...

Moody's Ratings (Moody's) has assigned definitive ratings to DataBank Holdings Ltd.'s (DataBank) Secured Data Center Revenue Term Notes, Series 2026-1, Class A-2 Notes (the class A-2 term notes) and Class B Notes (the class B term notes, and together with the Series 2026-1 Class A-2 Notes, the serie...

Moody's Ratings assigns ratings to two classes of CLO refinancing note...

Moody's Ratings (Moody's) has assigned ratings to two classes of CLO refinancing notes issued and one class of CLO refinancing loans incurred by Bridge Street CLO II Ltd. (the Issuer):   U.S.$2,750,000 Class X-R Senior Secured Floating Rate Notes due 2039, Assigned Aaa (sf) U.S.$174,000,000 Class...

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