S&P Global

ParkOhio Announces Ratings Upgrade from S&P Global

Retrieved on: 
Wednesday, April 10, 2024
Supply Chain Management, Retail, Transport, Logistics, Sale, Trade, Information, News, Infection, S&P, European, Environment, Risk, S&P Global, Acquisition, EMA, Terrorism

Park-Ohio Holdings Corp (NASDAQ: PKOH) announced today that S&P Global (“S&P”) has upgraded the ratings of Park-Ohio Industries, Inc. (“ParkOhio”), including the issuer credit rating to B from B-, and the issue-level rating on the Company’s $350 million senior unsecured notes to B- from CCC+.

Key Points: 
  • Park-Ohio Holdings Corp (NASDAQ: PKOH) announced today that S&P Global (“S&P”) has upgraded the ratings of Park-Ohio Industries, Inc. (“ParkOhio”), including the issuer credit rating to B from B-, and the issue-level rating on the Company’s $350 million senior unsecured notes to B- from CCC+.
  • ParkOhio is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products.
  • Headquartered in Cleveland, Ohio, ParkOhio operates approximately 130 manufacturing sites and supply chain logistics facilities worldwide, through three reportable segments: Supply Technologies, Assembly Components and Engineered Products.
  • Risk Factors" included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.

Empire State Realty Trust Announces Private Placement of $225 Million of Green Senior Unsecured Notes

Retrieved on: 
Wednesday, April 10, 2024
REIT, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Sale, SPO, Green bond, Partnership, S&P, Empire State Building, S&P Global, Empire, ESRT, Security (finance)

Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it and its operating partnership, Empire State Realty OP, L.P. (the “Operating Partnership”), entered into a note purchase agreement to issue $225 million aggregate principal amount of green senior unsecured notes in a private placement transaction.

Key Points: 
  • Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that it and its operating partnership, Empire State Realty OP, L.P. (the “Operating Partnership”), entered into a note purchase agreement to issue $225 million aggregate principal amount of green senior unsecured notes in a private placement transaction.
  • The issuance consists of $155 million of 7.20% notes due in June 2029, $45 million of 7.32% notes due in June 2031, and $25 million of 7.41% notes due in June 2034.
  • The private placement is scheduled to fund on June 17, 2024, subject to customary closing conditions.
  • The notes are unconditionally guaranteed by each of the Company’s subsidiaries that guarantees indebtedness under the Operating Partnership’s senior credit facility.

S&P Global Reports First Quarter Results

Retrieved on: 
Thursday, April 25, 2024
Supplement, EDT, S&P Global, SPGI, Conference

NEW YORK, April 25, 2024 /PRNewswire/ -- S&P Global (NYSE: SPGI) today reported first quarter 2024 results.

Key Points: 
  • NEW YORK, April 25, 2024 /PRNewswire/ -- S&P Global (NYSE: SPGI) today reported first quarter 2024 results.
  • The Company's earnings release and supplemental materials are available at http://investor.spglobal.com/Quarterly-Earnings .
  • Supplemental Information/Conference Call/Webcast Details: The Company's senior management will review the first quarter 2024 earnings results on a conference call scheduled for today, April 25, at 8:30 a.m. EDT.
  • Additional information presented on the conference call may be found on the Company's Investor Relations Website at http://investor.spglobal.com/Quarterly-Earnings .

SCHNEIDER ELECTRIC, LEADER IN THE DIGITAL TRANSFORMATION OF ENERGY, ANNOUNCED AS FOUNDING PARTNER OF 3RD PLATFORM GLOBAL 2024

Retrieved on: 
Tuesday, April 23, 2024
AI, Schneider Electric, MEA, Dow Jones, Automation, S&P Global, ESG, Executive Committee

LONDON, ANTIBES, France and GRENOBLE, France, April 23, 2024 /PRNewswire/ -- Platform Global, the region's foremost networking and business deal making forum for datacenter and digital infrastructure players and investors is delighted to again announce Schneider Electric, the leader in the digital transformation of energy management and automation as Founding Partner of the event.

Key Points: 
  • It is also announced that Ms Gwénaelle Avice Huet, Executive Vice President of Europe Operations – and Member of the Executive Committee at Schneider Electric will keynote at the event.
  • Platform Global is the annual transactional marketplace for investors in datacenters and digital infrastructure and a premium C level international meeting.
  • "We are delighted once again to include Schneider Electric as our Founding Partner," commented Gregory Gerot, Managing Director, Platform Markets Group.
  • "This year's programme focuses on the sustained investment in digital infrastructure, land, power and decarbonization in the year ahead."

Zendesk unveils the industry's most complete service solution for the AI era

Retrieved on: 
Tuesday, April 16, 2024
Churn, CX, Investment, Zendesk, Workforce management, AI, WFM, Region, Quality assurance, SoundCloud, Research, Forecasting, Nouvelle AI, Automation, Knowledge, WEM, Ingram Micro, Privacy, CSAT, LAS, Trust, Community, S&P Global, Algorithm, SAN

SAN FRANCISCO and LAS VEGAS, April 16, 2024 /PRNewswire/ -- Today at its Relate global conference, Zendesk announced the world's most complete service solution for the AI era. With support volumes projected to increase five-fold over the next few years, companies need a system that continuously learns and improves as the volume of interactions increases. To help businesses deliver exceptional service, Zendesk is launching autonomous AI agents, workflow automation, agent copilot, Workforce Management (WFM) and Quality Assurance (QA) capabilities – all powered by Zendesk AI.

Key Points: 
  • CX leader launches AI agents, agent copilot, and AI-powered Workforce Engagement Management (WEM) to power exceptional service
    SAN FRANCISCO and LAS VEGAS, April 16, 2024 /PRNewswire/ -- Today at its Relate global conference, Zendesk announced the world's most complete service solution for the AI era.
  • To help businesses deliver exceptional service, Zendesk is launching autonomous AI agents, workflow automation, agent copilot, Workforce Management (WFM) and Quality Assurance (QA) capabilities – all powered by Zendesk AI.
  • Zendesk AI , the fastest adopted product in the company's history, is now used by thousands of companies to manage service quality and accelerate business growth.
  • Zendesk is launching AI agents that autonomously interact with customers and provide end-to-end resolutions for both simple and complex inquiries.

S&P Global Market Intelligence U.S. Bank Market Report Finds Earnings are Expected to Fall 2.8% year-over-year in 2024, but Rebound Strongly in 2025

Retrieved on: 
Tuesday, April 16, 2024
Risk management, CRE, Pressure, S&P Global, Research, Safety, Growth, Bank

NEW YORK, April 16, 2024 /PRNewswire/ -- Higher credit costs are expected to serve as a modest headwind to U.S. bank earnings this year, according to S&P Global Market Intelligence's newly released U.S. Bank Market Report.

Key Points: 
  • NEW YORK, April 16, 2024 /PRNewswire/ -- Higher credit costs are expected to serve as a modest headwind to U.S. bank earnings this year, according to S&P Global Market Intelligence's newly released U.S. Bank Market Report.
  • "Even as interest rates are expected to fall in the second half of 2024, deposits remain firmly in focus for U.S. banks," said Nathan Stovall, director of financial institutions research, S&P Global Market Intelligence.
  • Earnings should rebound strongly for most institutions in 2025 and 2026 as institutions weather the credit cycle, absorb losses and record lower provisions for loan losses.
  • U.S. bank earnings are expected to rebound strongly in 2025 and 2026 as provisions for loan losses decline and become a much smaller headwind to earnings.

S&P Global Ratings named "External Assessment Provider of the year" at Environmental Finance's Sustainable Debt Awards

Retrieved on: 
Wednesday, April 10, 2024
Environmental finance, Sunglasses, S&P Global Ratings, Climate, Taxonomy, S&P Global, Peptide synthesis, Shades of Green, Risk management

LONDON, April 10, 2024 /PRNewswire/ -- S&P Global Ratings is delighted to have won the External Assessment Provider of the year award at Environmental Finance's Sustainable Debt Awards.

Key Points: 
  • LONDON, April 10, 2024 /PRNewswire/ -- S&P Global Ratings is delighted to have won the External Assessment Provider of the year award at Environmental Finance's Sustainable Debt Awards.
  • The independent judging panel made up of global investors awarded the External Assessment Provider of the year category to S&P Global Ratings, noting its "breadth and depth of assessment is very impressive."
  • In the updated analytical approach, S&P Global Ratings outlines its process for providing SPOs, defines an S&P Global Ratings Shade of Green and explains how it is assigned to environmental projects.
  • They are not credit ratings, do not consider credit quality, and do not factor into S&P Global Ratings' credit ratings.

Isabel Schnabel: The state contingency of monetary policy transmission

Retrieved on: 
Thursday, April 25, 2024
Consensus, HHI, Hamas, Tax, MIR, BLS, Consensus Economics, HSBC Finance, Employment, Compression, Champ, Transport, Foodservice, DFR, SDW, European Systemic Risk Board, APP, Policy, Bank of Greece, PEPP, BSI, S&P Global, House, ECB, Unemployment, Risk, ESCB, SPF, NFC, Imir, QSA, Refinitiv, GDP, Index, Oesterreichische Nationalbank, Banco de Portugal, RHS, Kilowatt-hour, Person, Weather, Consumption, Communication, PMI, Bank of France, News, Food, OIS, Credit, HFCS, Service, European Central Bank, Mining, Roe, Conference, Pressure, Central bank, Growth, Caldara, HH, LHS, GPR, Household, Rubric, Bank, ROE, Capital, ILS, Energy, Bloomberg, HICP, IBoxx, Reference, Deutsche Bundesbank, Water, Unit, Inventory, BEIR, IBES, Interval (mathematics), Fused quartz
Key Points: 

Avolta secures S&P Global Ratings Upgrade to BB+ with Outlook Stable

Retrieved on: 
Wednesday, April 10, 2024
S&P Global Ratings, S&P Global, Growth, Policy, AENA, Renewable energy

Avolta AG (SIX: AVOL), the leading global travel experience player, confirms its upgraded credit rating from S&P Global Rating from BB to BB+ with Outlook Stable, as announced by the rating agency yesterday.

Key Points: 
  • Avolta AG (SIX: AVOL), the leading global travel experience player, confirms its upgraded credit rating from S&P Global Rating from BB to BB+ with Outlook Stable, as announced by the rating agency yesterday.
  • In the rating report, published on April 3, 2024, S&P Global Ratings highlights the strong operating performance in 2023 on the back of sound passenger traffic recovery.
  • S&P’s stable outlook reflects their expectations of Avolta’s continued sound operating performance fueled by continued growth in traffic and successful execution of its global strategy.
  • Yves Gerster, Avolta’s Chief Financial Officer, commented: “We are extremely satisfied with the rating upgrade by S&P Global Ratings, following last week’s upgrade from Moody’s.

CN Continues to Advance Decarbonization Efforts with EMD® Mainline Hybrid Locomotive from Progress Rail

Retrieved on: 
Friday, April 5, 2024
CNI, CDP, S&P Global, Climate change, Transport, CNR, Progress Rail, Carbon, TSX, Caterpillar Inc., EMD, Weather, Renewable energy

MONTREAL, April 05, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is proud to announce the purchase of its first hybrid diesel-battery electric mainline locomotive from Progress Rail, a Caterpillar Company, as part of its decarbonization plans. The EMD® will be tested to understand the potential impact and opportunity related to retrofitting a larger portion of the Company’s fleet. CN is collaborating on this initiative with the Province of British Columbia who awarded approximately $3.2 million to the Company under the Clean BC Go Electric Commercial Vehicle Pilots Program.

Key Points: 
  • MONTREAL, April 05, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) is proud to announce the purchase of its first hybrid diesel-battery electric mainline locomotive from Progress Rail, a Caterpillar Company, as part of its decarbonization plans.
  • The EMD® will be tested to understand the potential impact and opportunity related to retrofitting a larger portion of the Company’s fleet.
  • The testing will increase CN’s and the rail industry’s knowledge on battery technology and more specifically, on the impact of alternative propulsion technology on mainline locomotives.
  • “CN is committed to supporting the transition to a net-zero economy and proud of the progress we’ve made so far on our decarbonization journey.