Moody's Investors Service

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

Retrieved on: 
Wednesday, April 10, 2024
Moody's Investors Service, Growth, CFO, Marine, Operation, Total, Navy

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

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.

CALC Announces 2023 Annual Results

Retrieved on: 
Tuesday, March 19, 2024
Aircraft, TransNusa, CALC, Moody's Investors Service, Growth, RMB, Airbus, ESG, ARJ21, PDP, CAG, BA1, COMAC, USD, Economics, Fitch, AAA, Airline

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.

Redefining Risk Analysis: Moody's CRE Joins Forces with LandGate

Retrieved on: 
Tuesday, April 9, 2024
Wind, Carbon, Mineral, Congress, Risk assessment, Moody, Moody's Investors Service, Growth, Landgate, Risk management, CRE, Water

This collaboration will transform the renewable energy sector's approach to risk assessment, lending, and investing.

Key Points: 
  • This collaboration will transform the renewable energy sector's approach to risk assessment, lending, and investing.
  • Through its platform, LandGate is a robust resource for stakeholders to find and assess commercial real estate and energy opportunities.
  • We're excited about the significant leap we're making towards optimizing CRE investment strategies and risk management in the renewable energy sector alongside LandGate."
  • For more information on Moody's CRE capabilities and insights, please visit the Moody's CRE page.

Grupo Aeroportuario del Pacifico Announces Issuance of Bond Certificates in Mexico for Ps. 3.0 Billion

Retrieved on: 
Wednesday, March 20, 2024
Certification, Mexican Stock Exchange, Moody's Investors Service, BMV, GAP, Sangster International Airport, Mercado, Party, Norman Manley International Airport, S&P, City, Airport, Sarbanes, ACA, Audit committee

GUADALAJARA, Mexico, March 20, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B.

Key Points: 
  • GUADALAJARA, Mexico, March 20, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B.
  • de C.V., (NYSE: PAC; BMV: GAP) (the “Company” or “GAP”) announced today that it successfully completed the issuance of 30 million long-term bond certificates in Mexico (Certificados Bursátiles) at a nominal value of Ps.
  • The bond certificates were issued in accordance with the following terms:
    13,848,683 bond certificates were issued under the ticker symbol “GAP24-L”, at a nominal value of Ps.
  • 16,151,317 bond certificates were issued under the ticker symbol “GAP24-2L”, at a nominal value of Ps.

Installed Building Products Successfully Closes New Term Loan B Facility

Retrieved on: 
Thursday, March 28, 2024
Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Building Systems, BofA Securities, IBP, Form, Builders hardware, Security (finance), Moody's Investors Service, RBC Capital Markets

Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced that the Company has successfully closed its previously announced new 7-year $500 million term loan (the “New Term Loan”).

Key Points: 
  • Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced that the Company has successfully closed its previously announced new 7-year $500 million term loan (the “New Term Loan”).
  • The New Term Loan matures on March 28, 2031, has no financial maintenance covenants, and is rated BB+ by S&P Global Ratings and Ba1 by Moody's Investors Service.
  • The pricing of the New Term Loan bears interest at the adjusted term secured overnight financing rate plus 2.00% per annum, or an alternative base rate plus 1.00%.
  • Net proceeds of the New Term Loan were used to refinance the Company’s prior $490 million Term Loan B facility and pay fees.

BMO Publishes an Updated Sustainable Bond Framework with Innovative Green, Social and Transition Financing Categories

Retrieved on: 
Thursday, April 4, 2024
ICMA, EMPOWER, Climate change, Moody's Investors Service, BMO, Transition, General counsel, Risk, Bank, Party, Sale, Sustainability Bonds, Power plant engineering, Nature, Insurance, Outline, Bank of Montreal, Annual report, Nuclear energy, Green bond, International Capital Market Association, Government, Legislation, Renewable energy

Under the updated Sustainable Bond Framework, BMO may issue four types of sustainable bonds: Sustainability Bonds, Green Bonds, Transition Bonds and Social Bonds.

Key Points: 
  • Under the updated Sustainable Bond Framework, BMO may issue four types of sustainable bonds: Sustainability Bonds, Green Bonds, Transition Bonds and Social Bonds.
  • Recognizing nuclear power's role in energy transition, BMO included nuclear energy as an eligible green financing activity.
  • "We are pleased to announce these updates to BMO's Sustainable Bond Framework including the addition of nuclear energy and transition uses of proceeds" said Sharon Haward-Laird, General Counsel, BMO Financial Group, and Chair of the BMO Climate Institute.
  • This is reflected in our inclusion of innovative green, transition and social financing categories in our updated Framework.

Dynata vigorously refutes Moody's factual inaccuracies and misclassification of credit rating

Retrieved on: 
Wednesday, March 13, 2024
Moody's Investors Service, Growth, Credit

Notwithstanding such termination, Moody's has issued a factually inaccurate report suggesting Dynata missed an interest payment.

Key Points: 
  • Notwithstanding such termination, Moody's has issued a factually inaccurate report suggesting Dynata missed an interest payment.
  • Dynata strongly disagrees with this misclassification.
  • "We'll continue to provide accurate and transparent information to all stakeholders.
  • Our unwavering commitment to providing excellent service to our valued customers, vendors and employees remains stronger than ever.

Dynata vigorously refutes Moody's factual inaccuracies and misclassification of credit rating

Retrieved on: 
Wednesday, March 13, 2024
Moody's Investors Service, Growth, Credit

Notwithstanding such termination, Moody's has issued a factually inaccurate report suggesting Dynata missed an interest payment.

Key Points: 
  • Notwithstanding such termination, Moody's has issued a factually inaccurate report suggesting Dynata missed an interest payment.
  • Dynata strongly disagrees with this misclassification.
  • "We'll continue to provide accurate and transparent information to all stakeholders.
  • Our unwavering commitment to providing excellent service to our valued customers, vendors and employees remains stronger than ever.

8VC Names Karen White as Executive Partner

Retrieved on: 
Wednesday, March 13, 2024
Microsoft, Moody's Investors Service, Software as a service, Apple, Learning, OpenGov, SolarWinds, Internet, RMS, Acquisition, IPO, Addepar, Syncplicity, Oracle, EMC, Marketing, Cryptocurrency

AUSTIN, Texas, March 13, 2024 /PRNewswire/ -- 8VC, a leading venture capital firm managing over $6 billion in committed capital, announced the addition of Karen White as Executive Partner.

Key Points: 
  • AUSTIN, Texas, March 13, 2024 /PRNewswire/ -- 8VC, a leading venture capital firm managing over $6 billion in committed capital, announced the addition of Karen White as Executive Partner.
  • Karen has been a driving force behind several multi-billion-dollar companies, and brings her extraordinary history of innovation, transformation, and hypergrowth to 8VC.
  • From the 8VC platform, Karen will also co-found and lead a new technology company, to be announced at a later date.
  • According to 8VC General Partner Joe Lonsdale, "I've had the privilege of learning from and working closely with Karen for over a decade.