Moody's Investors Service

T&Pm Launches First U.S. Marketing Campaign for British Womenswear Label ME+EM

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금요일, 5월 3, 2024

NEW YORK, May 3, 2024 /PRNewswire/ -- T&Pm announced today the launch of the first U.S. marketing campaign for luxury British womenswear brand ME+EM in support of the company's expansion in the U.S. market. One of the UK's most beloved fashion brands, counting fans such as the ladies of the British Royal Family, Margot Robbie, Cara Delevingne, Emily Blunt and Helen Mirren, ME+EM is debuting the campaign in support of the opening of its first U.S stores with three in the NYC area – one on Madison Avenue, one in Soho and one in East Hampton. The integrated campaign is the first from T&Pm following its recent formation through the combination of The&Partnership and mSix&Partners.

Key Points: 
  • New Campaign Bolsters Fast-Growing Brand's U.S. Market Debut With Its Opening of Three NYC-Area Stores
    NEW YORK, May 3, 2024 /PRNewswire/ -- T&Pm announced today the launch of the first U.S. marketing campaign for luxury British womenswear brand ME+EM in support of the company's expansion in the U.S. market.
  • The integrated campaign is the first from T&Pm following its recent formation through the combination of The&Partnership and mSix&Partners.
  • The campaign will run across out-of-home, social and print including high profile outdoor placements across NYC and in the print NY Times and Wall Street Journal, among others.
  • For the latest campaign, which continues this brand narrative, T&Pm worked with the ME+EM team on all marketing aspects from brand messaging, creative development and social activation to audience strategy, media planning and CRM.

Regency Centers Reports First Quarter 2024 Results

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목요일, 5월 2, 2024

JACKSONVILLE, Fla., May 02, 2024 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers”, “Regency” or the “Company”) (Nasdaq: REG) today reported financial and operating results for the period ended March 31, 2024 and provided updated 2024 earnings guidance.

Key Points: 
  • JACKSONVILLE, Fla., May 02, 2024 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers”, “Regency” or the “Company”) (Nasdaq: REG) today reported financial and operating results for the period ended March 31, 2024 and provided updated 2024 earnings guidance.
  • Same Property base rents contributed 2.7% to Same Property NOI growth in the first quarter of 2024.
  • Regency Centers is hereby providing updated 2024 guidance, as summarized in the table below.
  • Please refer to the Company’s first quarter 2024 ‘Earnings Presentation’ and ‘Quarterly Supplemental’ for additional detail.

Sisecam’s $1.1 Billion Eurobond Issues Receive Over $3.5 Billion in Demand

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목요일, 4월 25, 2024

ISTANBUL, Turkey, April 25, 2024 (GLOBE NEWSWIRE) -- Through its UK subsidiary, Sisecam UK PLC, Sisecam issued $500 million and $600 million global bonds (Eurobonds) with 5-year and 8-year terms, aimed at institutional investors globally. These issues attracted demand exceeding $3.5 billion from international funds and financial institutions. The issues, authorized by Citigroup Global Markets Limited, HSBC Bank plc, J.P. Morgan Securities plc, and Bofa Securities, had coupon rates of 8.250% and 8.625%. The bonds, in high demand worldwide, saw 38% purchased by funds and financial institutions from the USA, 37% from the UK, 15% from Europe, and 10% from Asia and the Middle East, primarily by institutions based in Hong Kong.

Key Points: 
  • These Eurobond issues received demand exceeding $3.5 billion.
  • This marked the highest demand for the largest corporate bond issue in the history of the Republic of Turkey.
  • These issues attracted demand exceeding $3.5 billion from international funds and financial institutions.
  • The $700 million Eurobond issue Sisecam conducted in 2019 also received high demand from international funds and investors.

Constellium Reports First Quarter 2024 Results

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수요일, 4월 24, 2024

For both the first quarter of 2024 and the first quarter of 2023, metal price lag is negative which reflects LME prices for aluminium decreasing during the period.

Key Points: 
  • For both the first quarter of 2024 and the first quarter of 2023, metal price lag is negative which reflects LME prices for aluminium decreasing during the period.
  • For the first quarter of 2024, net income of €17 million compares to net income of €22 million in the first quarter of the prior year.
  • Free Cash Flow was €(8) million in the first quarter of 2024 compared to €(34) million in first quarter of 2023.
  • During the first quarter of 2024, the Company repurchased 330 thousand shares of the Company stock for $6.9 million.

Aegon prices USD 760 million of senior unsecured notes

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수요일, 4월 10, 2024

The Hague, April 10, 2024 - Aegon has successfully priced USD 760 million of senior unsecured notes with a fixed coupon of 5.5% and a tenor of three years.

Key Points: 
  • The Hague, April 10, 2024 - Aegon has successfully priced USD 760 million of senior unsecured notes with a fixed coupon of 5.5% and a tenor of three years.
  • Net proceeds from this issuance will be used for general corporate purposes, including the previously announced redemption of the EUR 700 million of fixed-to-floating subordinated notes, effective as of April 25, 2024.
  • The notes are being issued by Aegon Funding Company LLC (AFC) and will be guaranteed on a senior unsecured basis by Aegon Ltd.
  • The notes are expected to be rated BBB+ and Baa1 by S&P Global and Moody's, respectively.

SAP Announces Q1 2024 Results

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월요일, 4월 22, 2024

IFRS operating profit in the first quarter was impacted by a €2.2 billion restructuring provision associated with the 2024 transformation program.

Key Points: 
  • IFRS operating profit in the first quarter was impacted by a €2.2 billion restructuring provision associated with the 2024 transformation program.
  • As of March 31, 2024, SAP had repurchased 10,024,841 shares at an average price of €137.62 resulting in payouts of approximately €1.38 billion under the program.
  • In 2024, SAP is further increasing its focus on key strategic growth areas, in particular business AI.
  • Reflecting re-investments into strategic growth areas, SAP expects to exit 2024 at a headcount similar to year-end 2023.

Bitsight and Moody's Launch New Cyber Risk Solution Covering More Than 325 Million Organizations

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월요일, 4월 22, 2024

BOSTON, April 22, 2024 /PRNewswire/ -- Bitsight, a global leader in cyber risk management, and Moody's, a global leader in risk assessment, today announced the launch of the Implied Cyber Threat (ICT), an offering built on Bitsight's leading cyber risk analytics engine and Moody's Orbis company database. The ICT provides cyber risk insights and valuable market context for more than 325 million organizations worldwide - the highest coverage in the market by a factor of over 25x.

Key Points: 
  • The ICT provides cyber risk insights and valuable market context for more than 325 million organizations worldwide - the highest coverage in the market by a factor of over 25x.
  • As the global economy becomes increasingly digital and losses from cyber events continue to climb, cyber risk has become a primary consideration beyond the enterprise security suite.
  • Organizations need cyber risk insights into all third parties they do business with, including insureds, investments, and borrowers.
  • By bringing together Bitsight cyber analytics with Moody's leading company information, the market now has a powerful mechanism for assessing cyber risk at scale," said Derek Vadala, Chief Risk Officer, Bitsight.

EQS-News: Fiscal year 2023: RENK Group AG continues profitable growth trajectory

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수요일, 4월 10, 2024

EBIT of RENK Group AG rose to 150 million euros (2022: 144 million euros).

Key Points: 
  • EBIT of RENK Group AG rose to 150 million euros (2022: 144 million euros).
  • "The strong order intake and revenue growth of our segments over the past fiscal year reflect the high demand for our products and technological solutions", explained Susanne Wiegand, CEO of RENK Group AG.
  • For fiscal year 2024, RENK Group AG is expecting growth to continue and is confirming its financial forecast.
  • The successful stock exchange listing of RENK Group AG on February 7, 2024 laid the groundwork for further international growth.

EQS-News: Moody‘s affirms 'Baa1' rating with stable outlook for Amprion

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수요일, 4월 10, 2024

As part of its annual review, the transmission system operator Amprion GmbH ("Amprion") has again received a "Baa1" rating with stable outlook from the international rating agency Moody's Ratings.

Key Points: 
  • As part of its annual review, the transmission system operator Amprion GmbH ("Amprion") has again received a "Baa1" rating with stable outlook from the international rating agency Moody's Ratings.
  • In addition to this long-term rating, Moody's has also affirmed the "Prime-2" short-term and Commercial Paper ratings.
  • The confirmation of our solid investment-grade rating 'Baa1' by Moody's reflects our stable business model and our reliable financial policy."
  • The press release on the current rating is available on Moody’s Ratings homepage.

CALC Announces 2023 Annual Results

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화요일, 3월 19, 2024

Shareholders Profit Surged by Four Times

Key Points: 
  • Shareholders Profit Surged by Four Times
    HONG KONG, Mar 19, 2024 - (ACN Newswire) - China Aircraft Leasing Group Holdings Limited ("CALC" or the "Company", together with its subsidiaries, the "Group"; SEHK stock code: 01848), a full value chain aircraft solutions provider for the global aviation industry, is pleased to announce its annual results for the year ended 31 December 2023 (the "Review Year").
  • Together with the 2023 interim dividend of HK$0.15 per share already paid, total dividend payout for the year 2023 amounted to HK$0.30 (2022: HK$0.30 per share).
  • The Company has resumed its scrip dividend scheme for the final dividend for 2023.
  • As at 31 December 2023, the Group had cash and cash equivalents amounting to HK$5,300 million up 49.1% year-on-year.