Rating | Jotup

Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Ratings

Retrieved on:

Wednesday, April 10, 2024

Rating, Subordinated debt, RWP, Fitch Ratings, IDR, Woodwind instrument, Outlooks

Fitch Ratings has upgraded Garanti BBVA’s Long-Term Foreign Currency and Local-Currency Issuer Default Ratings (IDRs) to “B” from “B-“ and to “B+” from “B”, respectively and revised the Outlooks to “Positive” from “Stable” on March 15, 2024.

Key Points:

Fitch Ratings has upgraded Garanti BBVA’s Long-Term Foreign Currency and Local-Currency Issuer Default Ratings (IDRs) to “B” from “B-“ and to “B+” from “B”, respectively and revised the Outlooks to “Positive” from “Stable” on March 15, 2024.
The rating action follows the upgrade of Türkiye's Long-Term IDR to “B+/Positive” from “B/Stable” on March 8th, 2024.
The agency has also upgraded the Bank’s Long-Term Senior Unsecured Debt and Subordinated Debt ratings to “B” from “B-“ and to “B-“ from “CCC+”, respectively and the Shareholder Support rating to “b” from “b-“.
The Bank’s Viability Rating has also been placed on Rating Watch Positive (RWP) at “b”.

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

Retrieved on:

Wednesday, April 10, 2024

Commercial paper, Rating, Moody's Investors Service

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.

Tunnl Audience Intelligence Platform Launches Self-Serve TV Rating Feature for Linear TV Advertisers

Retrieved on:

Thursday, March 28, 2024

Rating, Mediaocean, Software, Television

The Tunnl platform’s TV Ratings feature offers comprehensive on-demand linear TV data that seamlessly integrates into buying software for precise, timely linear TV campaign planning, integration, and optimization.

Key Points:

The Tunnl platform’s TV Ratings feature offers comprehensive on-demand linear TV data that seamlessly integrates into buying software for precise, timely linear TV campaign planning, integration, and optimization.
“The Tunnl platform’s TV Ratings feature delivers the precision and flexibility needed to achieve linear optimization in local markets.
Ratings are available for any audience within minutes, driving more agile decision-making that cable and broadcast advertisers need to stay competitive amid this trend toward localization.”
The TV Ratings feature in Tunnl’s audience intelligence platform empowers advertisers and agencies with local linear TV ratings, on-demand, for the audiences relevant to their campaigns.
These are momentous advancements in convenience, efficiency, and precision that linear TV advertisers have waited a long time to achieve.”
The Tunnl platform’s TV Ratings feature is available now in Tunnl Premium, the singular solution for linear TV advertisers looking to drive their best connections yet.

VML Augments Digital Commerce Capabilities by Forging Partnership with CommerceIQ’s Unified Artificial Intelligence Platform

Retrieved on:

Tuesday, March 19, 2024

Assortment, Growth, REM, Amazon, Intelligence, Partnership, Digital, Retail media, VML, IP, Commerce, Rating, WPP, Plan, Marketing, Retail

Building on the agency’s unmatched end-to-end creative commerce capabilities, this partnership allows for the exchange of insights across the providers to improve a brand’s experience within eRetail environments globally.

Key Points:

Building on the agency’s unmatched end-to-end creative commerce capabilities, this partnership allows for the exchange of insights across the providers to improve a brand’s experience within eRetail environments globally.
Harnessing crucial insights on product performance, coupled with a rigorous evaluation of content quality, VML ensures the highest standards in product presentation and performance.
Combined with VML’s Commerce Intelligence platform, brands benefit from precise targeting capabilities, efficient budget allocation and streamlined content strategies that resonate across different retail channels.
"Combining VML’s unmatched strategic and creative capabilities and CommerceIQ’s end-to-end AI-powered platform will create a win-win situation for brands, and we can’t wait to get started."

Atsi Sheth Appointed Chief Credit Officer for Moody’s Ratings

Retrieved on:

Thursday, April 4, 2024

Consulting, Data Analytics, Professional Services, Research, Methodology, Columbia University, Head, University of Mumbai, MCO, ATSI, Rating

Moody’s Corporation (NYSE:MCO) today announced that Atsi Sheth has been appointed Chief Credit Officer for Moody’s Ratings.

Key Points:

Moody’s Corporation (NYSE:MCO) today announced that Atsi Sheth has been appointed Chief Credit Officer for Moody’s Ratings.
She will assume responsibility for the Ratings & Process Oversight, Credit Strategy & Research, Methodology & Model Development, and Methodology Review groups.
“Atsi is remarkable at articulating credit narratives that clarify complex factors, and how these may interact to drive exponential risk,” said Michael West, President of Moody’s Ratings.
She will continue to hold this position until Moody’s Ratings names a successor in the near future.

The impact of regulatory changes on rating behaviour

Retrieved on:

Tuesday, April 2, 2024

Długosz, Disagreement, Pi bond, Direct lending, Key, Research Papers in Economics, Finance Secretary (India), University of Oxford, STS, Journal of Economic Perspectives, International, American Economic Review, Life, Columbia Business School, British Academy of Management, Risk assessment, ABS, Rating, EBA, Development, Reputational damage, OBS, CRA, Bond credit rating, Cras, Journal of Monetary Economics, CDO, Becker, Paper, 2007–2008 financial crisis, Raja, University, Environment, Journal of Financial Economics, Perception, H3, Website, Securitization, Working paper, Market, Collection, Total, European Banking Authority, Quarterly Journal of Economics, BBB, Whetten, Column, ESMA, European Journal, Issuer, Asset quality, Information revolution, Federal Reserve Bank, OLS, Statistics, PDF, Private, ECB, Surety, Weighted-average life, CCC, European Commission, Social science, Journal of Financial Stability, JEL, Real, Bias, Journal, Research, Classification, Certification, Commission, Credit, The Journal of Finance, Literature, Karel Škréta, European Central Bank, AA, Finance Research Letters, Origination (telephony), Monetary economics, Section 5, Xia, Kraft Foods, Government, AAA, Mukherjee, Finance, Deku, DOI, White, Risk, IOSCO, MBS, OECD, Wang, Section 4, University Challenge 2013–14, Section 3, Ashcraft, Financial management, Accounting, Financial economics, Fannie Mae, Conference, Pressure, Central bank, Griffin, University of Michigan, Systematic review, EPRS, Freddie Mac, Loan, BCBS, Palgrave Macmillan, R2, Microeconomics, Quarterly Journal, Financial statement analysis, The Japanese Economic Review, Christian Social Union (UK), Green, University of Huddersfield, PSM, Management, Security (finance), Security, Civil service commission, Private placement, American Economic Journal, GFC, Reproduction, IMF, Small business, Trustee, Data

Abstract

Key Points:

Abstract
We examine rating behaviour after the introduction of new regulations regarding Credit Rating
Agencies (CRAs) in the European securitisation market.
There is empirical evidence of rating catering in the securitisation market in the pre-GFC period (He et al.,
2012; Efing and Hau, 2015).
Competition among
CRAs could diminish ratings quality (Golan, Parlour, and Rajan, 2011) and promotes rating shopping by
issuers resulting in rating inflation (Bolton et al., 2012).
This paper investigates the impact of the post-GFC regulatory changes in the European
securitisation market.
In 2011, in addition to the creation of
European Securities and Markets Authority (ESMA), a regulatory and supervisory body for CRAs was
introduced.
We examine how rating behaviours have changed in the European securitisation market after the
introduction of these new regulations.
We utilise the existence of multiple ratings and rating agreements between
CRAs to identify the existence of rating shopping and rating catering, respectively (Griffin et al., 2013; He
et al., 2012; 2016).
We find that the regulatory changes have been effective in tackling conflicts of interest between issuers
and CRAs in the structured finance market.
Rating catering, which is a direct consequence of issuer and
CRA collusion, seems to have disappeared after the introduction of these regulations.
There is empirical evidence of rating catering in the securitisation market in
the pre-GFC period (He et al., 2012; Efing and Hau, 2015).
Competition among CRAs could diminish ratings quality (Golan, Parlour,
and Rajan, 2011) and promotes rating shopping by issuers resulting in rating inflation (Bolton et
al., 2012).
This paper investigates the impact of the post-GFC regulatory changes in the European
securitisation market.
In 2011, in addition
to the creation of European Securities and Markets Authority (ESMA), a regulatory and
supervisory body for CRAs was introduced.
We find that the regulatory changes have been effective in tackling conflicts of interest
between issuers and CRAs in the structured finance market.
Rating catering, which is a direct
consequence of issuer and CRA collusion, seems to have disappeared after the introduction of
these regulations.
Investors who previously demanded higher spreads for rating agreements for a
multiple rated tranche, did not consider the effect of rating harmony as a risk in the post-GFC
period.
Regarding rating shopping, we find that the effectiveness of the changes has been limited,
potentially for two reasons.
Additionally, we also find that rating over-reliance might still be an issue, especially
Rating catering is a broad term and it can involve rating shopping.
They re-examine the rating shopping and rating
catering phenomena in the US market by looking at the post-crisis period between 2009 and 2013.
Using 622 CDO tranches, they also observe the existence of rating shopping and the diminishing
of the rating catering.
Firstly, our main focus is the EU?s CRA Regulation and its effectiveness in reducing
rating inflation and rating over-reliance.
To the best of our knowledge, this paper is the first to
examine the effectiveness of the EU?s CRA regulatory changes on the investors? perception of
rating inflation in the European ABS market.
Hence, the coverage and quality of our dataset constitutes significant addition
to the literature and allows us to test the rating shopping and rating catering more authoritatively.
The following section reviews the literature
on securitisation concerning CRAs and conflicts of interest, and outlines the regulatory changes
introduced in the post-GFC period.
Firstly, ratings became ever more important as the Securities and
Exchange Commission (SEC) 5 began heavily relying on CRA assessments for regulatory purposes
(i.e.
the investment mandates that highlight rating agencies as the main benchmark for investment
eligibility) (SEC, 2008; Kisgen and Strahan, 2010; Bolton et al., 2012).
issuers) as one of the main explanations for the rating inflation (He et al., 2011; 2012; Bolton
et al., 2012; Efing and Hau, 2015).
Bolton et al., (2012) demonstrate that competition
promotes rating shopping by issuers, leading to rating inflation.
The last phase, CRA III, was implemented in mid-2013 and involves an additional
set of measures on reducing transparency and rating over-reliance.
As mentioned above, rating inflation can be caused by rating shopping
In order to be eligible to use the STS classification, main parties (i.e.
The higher the difference in the number of ratings for a
given ABS tranche, the greater the risk of rating shopping.
Alternatively, the impact of the new
regulations could be limited when it comes to reducing rating shopping.
This is because, firstly,
the conflict of interest between securitisation parties is not necessarily the sole cause for the
occurrence of rating shopping.
L is a set of variables (Multiple ratings, CRA reported, Rating agreement) that
we utilise interchangeably to capture the rating shopping and rating catering behaviour.
Hence, issuers are incentivised to report the highest possible rating and
ensure each additional rating matches the desired level.
All in all, our results suggest that
the new stricter regulatory measures have been effective in tackling conflicts of interest and
reducing rating inflation caused by rating catering.
Self-selection might be a concern in analysing the impact of the
new measures and investors? response with regard to the rating inflation.
This
result is in line with the earlier findings suggesting that regulatory changes have reduced investors?
suspicion of rating inflation and increased trust of CRAs.
Conclusion
Several regulatory changes were introduced in Europe following the GFC aimed at tackling
conflicts of interest between issuers and CRAs in the ABS market.
Utilising a sample of 12,469
ABS issued between 1998 and 2018 in the European market, this paper examined whether these
changes have had any impact on rating inflations caused by rating shopping and rating catering
phenomena.
We find that the
effectiveness of the changes has been more limited on rating shopping potentially for two reasons.
Tranche Credit Rating is the rating reported for a tranche at launch.

Risk analytics firm Agio Ratings Announces $4.6 Million in Funding Led by Superscrypt

Retrieved on:

Tuesday, March 5, 2024

Cryptocurrency, Professional Services, Finance, Risk, FTX, Doctor of Philosophy, Web3, Agio, Insurance, Rating

Agio Ratings has raised $4.6 Million in PreSeed and Seed funding to transform how the digital asset industry prices risk.

Key Points:

Agio Ratings has raised $4.6 Million in PreSeed and Seed funding to transform how the digital asset industry prices risk.
Superscrypt led the Seed round and was joined by Portage, along with MS&AD Ventures and several angel investors in insurance and asset management.
Agio’s ratings are a response to the lack of quality data to power standard risk models.
“Digital asset investors deserve better, and increasingly capital allocators and regulators expect more,” said Ana De Sousa, CEO of Agio Ratings.

AlertMedia Named Customers’ Choice in 2024 Gartner Peer Insights™ Voice of the Customer for Emergency/Mass Notification Services Solutions Report

Retrieved on:

Tuesday, February 27, 2024

Reviews from AlertMedia customers have noted the platform’s ease of use, the rapid speed of implementation, and exceptional customer service.

Key Points:

Reviews from AlertMedia customers have noted the platform’s ease of use, the rapid speed of implementation, and exceptional customer service.
It is the most user-friendly and customer-focused tool for implementing across our organization.
The staff are amazing and easy to work with.” — Customer from the Finance Industry, Company Size: $250M–$500M
“[AlertMedia is] our favorite business partner to work with.
Gartner Peer Insights content consists of the opinions of individual end-users based on their own experiences and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates.

Healthgrades Recognizes 2024 Top Hospitals for Outpatient Orthopedic Surgery

Retrieved on:

Tuesday, February 13, 2024

Data science, Hospital, MD, Surgeon, Publishing, MBA, Rating, Hip replacement, SAF, Risk, HSS, Medicare, Human back, Patient, Knee replacement

DENVER, Feb. 13, 2024 /PRNewswire/ -- Healthgrades, the #1 site Americans turn to when searching for a doctor or hospital, has released the 2024 Outpatient Awards and Ratings. Each year, more Americans are opting for outpatient elective procedures, with over 1 million Medicare patients undergoing outpatient orthopedic surgeries from 2020-2022. To address this shift and help patients find the best care for their unique health needs, Healthgrades has developed the industry's first outpatient quality ratings. This patent-pending methodology is based solely on what matters most to patients: clinical outcomes.

Key Points:

DENVER, Feb. 13, 2024 /PRNewswire/ -- Healthgrades, the #1 site Americans turn to when searching for a doctor or hospital, has released the 2024 Outpatient Awards and Ratings.
Expanded for 2024, the Healthgrades' analysis evaluated patient complication rates for outpatient orthopedic surgeries in four key areas: total knee replacement, total hip replacement, rotator cuff surgery, and back & neck surgeries.
**
Patients treated at hospitals that received a 2024 Outpatient Orthopedic Surgery Specialty Excellence Award™ have, on average, approximately 40% lower risk of experiencing a complication than if they were treated at non-recipient hospitals.
*To learn more about how Healthgrades assesses outpatient care, see the 2024 Outpatient Specialty Excellence Awards & Ratings Methodology .

What’s the value of a customer review? New data from Stackline reveals their impact on brand performance.

Retrieved on:

Tuesday, October 10, 2023

For high-consideration products, as we see in Baby, shoppers diligently read every review, pushing the average value of a five-star review to $472.

Key Points:

For high-consideration products, as we see in Baby, shoppers diligently read every review, pushing the average value of a five-star review to $472.
For instance, we've found that retention rates have plummeted, with only 12% of brands successfully retaining their shoppers annually.
They are not just a component but the most vital element for brand success, beating out pricing and inventory.
Reach out to us - Stackline has been helping brands navigate complex connected marketplaces and achieve scalable growth for years.