Moody's Investors Service

Alaska Air Group rated investment grade by Moody's Investors Service in initiation of coverage

Retrieved on: 
Thursday, November 9, 2023
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SEATTLE, Nov. 9, 2023 /PRNewswire/ -- Moody's Investors Service has rated Alaska Air Group with an investment grade credit rating in their initial assessment of the airline, citing the company's "strong business profile and conservative financial policy."

Key Points: 
  • Strong rating illustrates Moody's confidence in Alaska's financial strength, disciplined cost management, operational excellence, and increasing global presence
    SEATTLE, Nov. 9, 2023 /PRNewswire/ -- Moody's Investors Service has rated Alaska Air Group with an investment grade credit rating in their initial assessment of the airline, citing the company's "strong business profile and conservative financial policy."
  • The agency assigned Alaska a rating of "Baa3," which signals that the airline is a stable and good investment.
  • In a release announcing Alaska's investment grade rating, Moody's stated "Alaska's operations have produced a very competitive, if not leading, operating margin for several years.
  • It has also allowed Alaska to produce industry-leading profit margins even in challenging years – benefiting shareholders through returns and employees through payout programs.

SG Analytics Welcomes Martina Macpherson to Advisory Board, Supporting its Vision of Transformative Growth in Sustainable Finance

Retrieved on: 
Wednesday, November 8, 2023
Professional Services, Environmental, Social and Governance (ESG), Data Analytics, Technology, Software, Finance, Consulting, Parliament, Woman, Research, Moody's Investors Service, ESG, The Advisory Board Company, House, APPG, SG, Advisory board, European Law Institute, Investment, Multimedia, Senior, Growth, Non-governmental organization, Moody, Head, ESG Solutions, WFF, SIX, S, Future, SGA, Management, MSCI

SG Analytics, a globally renowned Insights and Analytics powerhouse, proudly announces the appointment of Martina Macpherson to its distinguished Advisory Board.

Key Points: 
  • SG Analytics, a globally renowned Insights and Analytics powerhouse, proudly announces the appointment of Martina Macpherson to its distinguished Advisory Board.
  • In a move that promises to reshape the ESG landscape, Martina will play a pivotal role in supporting SGA's global vision for leadership in sustainable finance.
  • View the full release here: https://www.businesswire.com/news/home/20231108963406/en/
    Martina Macpherson Joins SG Analytics as an Advisory Board Member (Photo: Business Wire)
    Martina Macpherson brings over two decades of expertise in the realm of sustainable finance, earning accolades as an ESG luminary, researcher, innovator, and entrepreneur.
  • Her dedication to sustainable finance and leadership led to her recognition as one of the 'Top 50 Women in Finance' by the World Finance Forum (WFF) in 2022.

Global Net Lease Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
GNL, Moody's Investors Service, PSA, Industrial Distribution, EBITDA, Software, Tenant, Lois, Internalization, Common stock, Mergers and acquisitions, Times interest earned, Proxy, Webcast, Probability, General Administration of Press and Publication, Administration, Self storage, Security (finance), Commercial property

NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company"), an internally managed real estate investment trust that focuses on acquiring and managing a globally diversified portfolio of strategically-located commercial real estate properties, announced today its financial and operating results for the quarter ended September 30, 2023.

Key Points: 
  • As of September 30, 2023, the Company's portfolio of 1,304 net lease properties is located in eleven countries and territories, and is comprised of 66.8 million rentable square feet.
  • As of September 30, 2023, the percentage of debt that is fixed rate (including variable rate debt fixed with swaps) was 82% compared to 74.8% as of September 30, 2022.
  • Weighted-average debt maturity was 3.4 years as of September 30, 2023 as compared to 4.2 years as of September 30, 2022.
  • 4 Weighted-average remaining lease term in years is based on square feet as of September 30, 2023.

Flash News: OKX Ventures Partner Jeff Ren Explores the Transformative Power of DeFi at Hong Kong Fintech Week 2023

Retrieved on: 
Friday, November 3, 2023
Crypto, Diamond, Blockchain, Elis James, Moody's Investors Service, OKX, Cryptocurrency, Decentralized finance, Ministry of National Education (France), Web3

HONG KONG, Nov. 03, 2023 (GLOBE NEWSWIRE) -- OKX Ventures , the investment arm of leading Web3 technology company OKX , has issued updates for November 3, 2023.

Key Points: 
  • HONG KONG, Nov. 03, 2023 (GLOBE NEWSWIRE) -- OKX Ventures , the investment arm of leading Web3 technology company OKX , has issued updates for November 3, 2023.
  • OKX Ventures Partner Jeff Ren today joined a Hong Kong Fintech Week 2023 panel discussion focused on the future of finance in relation to DeFi and CeFi.
  • During the session, Jeff discussed the confluence of CeFi and DeFi business models, emphasizing that they are not conflicting ideas.
  • OKX is the Diamond Sponsor of Hong Kong Fintech Week 2023 , Asia's flagship financial technology conference.

Banco Santander-Chile Announces Third Quarter 2023 Earnings

Retrieved on: 
Tuesday, October 31, 2023
Banco Santander Chile, LCR, SME, Insurance, SSE, MPR, Yoy, Moody's Investors Service, Bank, Index, NYSE, NPL, ESG, BIS, Basel, S&P Global Ratings, Government, ADR, Getnet Wale, KBRA, Investment banking, NPS, Corporation, Quarter, NII, Japan Credit Rating Agency, Acceleration, Life, Retail banking, Central Bank of Myanmar, Growth, Central bank, RWA, MIN, Travel, CLP, Depreciation, BSAC, Credit, CIB, Investment, YTD, UF, JPY, COVID-19, Rare-earth element, Cryptocurrency

SANTIAGO, Chile, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its resultsi for the nine-month period ended September 30, 2023, and third quarter 2023 (3Q23).

Key Points: 
  • SANTIAGO, Chile, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its resultsi for the nine-month period ended September 30, 2023, and third quarter 2023 (3Q23).
  • During the third quarter of 2023, the Central Bank began to cut the MPR from 11.25% to 10.25% at the end of July to 9.50% in September.
  • Our earnings webcast will be held on Friday, November 3, 2023 at 10am New York time.
  • The BIS capital ratio as of September 30, 2023, was 17.1%, with a core capital ratio of 10.7%.

Weatherford Announces Upgrade in Credit Rating to ‘B1’ from ‘B2’, Positive Outlook

Retrieved on: 
Monday, October 30, 2023
Moody's Investors Service, Weatherford International, WFRD, Bank, Management

HOUSTON, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that Moody's Investors Service ("Moody's") upgraded its Corporate Family Rating to B1 from B2 with Positive Outlook.

Key Points: 
  • HOUSTON, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that Moody's Investors Service ("Moody's") upgraded its Corporate Family Rating to B1 from B2 with Positive Outlook.
  • The upgrade reflects the improvement in credit metrics as a result of the Company reducing its balance sheet debt and growing earnings.
  • The positive outlook also evidences the ongoing strong demand for Weatherford’s services and potential for further improvement in its credit profile.
  • Girish Saligram, President and Chief Executive Officer of Weatherford, commented, “The upgrade in our credit rating by Moody’s further validates the progress we’ve made on our journey of improving our capital structure.

Crescent Energy Reports Record Third Quarter 2023 Results

Retrieved on: 
Monday, November 6, 2023
Oil, Gas, Energy, Moody's Investors Service, FY, BB, Eagle Ford, Dallas, Carbon, Sustainability reporting, Disclosure, Acquisition, LTM, S&P, GHG, Hand, Security (finance), Crescent

Please see “Cautionary Statement Regarding Forward-Looking Information.” Initial FY 2023 outlook includes initial FY 2023 outlook disclosed in March 2023 plus the midpoint of the contribution from the Western Eagle Ford acquisitions that closed in July and October 2023.

Key Points: 
  • Please see “Cautionary Statement Regarding Forward-Looking Information.” Initial FY 2023 outlook includes initial FY 2023 outlook disclosed in March 2023 plus the midpoint of the contribution from the Western Eagle Ford acquisitions that closed in July and October 2023.
  • On October 2, 2023, Crescent closed the acquisition of an additional 12% working interest for approximately $250 million in cash.
  • The third quarter dividend is payable on December 4, 2023, to shareholders of record as of the close of business on November 20, 2023.
  • Crescent plans to host a conference call to discuss its third quarter 2023 financial and operating results at 10 a.m. CT on Tuesday, November 7, 2023.

American States Water Company Announces Third Quarter 2023 Results

Retrieved on: 
Monday, November 6, 2023
Utilities, Energy, Water, Policy, Moody's Investors Service, Security (finance), AWR, GAAP, AA, Bank statement, WCCM, Ombudsman, Indian stock exchange, Moody, Capital Mechanized Infantry Division, CPUC, Investment, Calendar, YTD, Cryptocurrency

On June 29, 2023, the CPUC adopted a final decision in GSWC's general rate case application that determines new water rates for the years 2022–2024 retroactive to January 1, 2022.

Key Points: 
  • On June 29, 2023, the CPUC adopted a final decision in GSWC's general rate case application that determines new water rates for the years 2022–2024 retroactive to January 1, 2022.
  • GSWC filed for the implementation of new 2023 rate increases that became effective on July 31, 2023.
  • In October 2023, GSWC also filed with the CPUC to recover all retroactive rate amounts accumulated in memorandum accounts for the full 2022 year and for 2023 through July 30, 2023.
  • On October 30, 2023, AWR’s Board of Directors approved a fourth quarter dividend of $0.43 per share on AWR’s Common Shares.

OKX Senior Executives Lead Discussions on Virtual Assets and Web3 Development at Hong Kong FinTech Week 2023

Retrieved on: 
Monday, November 6, 2023
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HONG KONG, Nov. 6, 2023 /PRNewswire/ -- OKX , a leading global Web3 technology company and virtual asset exchange, showcased its dedication to the development of Hong Kong's Web3 and virtual asset ecosystem during the recent Hong Kong FinTech Week 2023 , where it was also a Diamond Sponsor of the event.

Key Points: 
  • HONG KONG, Nov. 6, 2023 /PRNewswire/ -- OKX , a leading global Web3 technology company and virtual asset exchange, showcased its dedication to the development of Hong Kong's Web3 and virtual asset ecosystem during the recent Hong Kong FinTech Week 2023 , where it was also a Diamond Sponsor of the event.
  • During the main conference, which took place on November 2-3 at the Hong Kong Convention Centre, OKX's senior executives participated in a number of panels and fireside chats.
  • OKX Global Chief Commercial Officer Lennix Lai said: "Hong Kong FinTech Week 2023 was the ideal platform for OKX to engage in conversations about the potential of Web3 technology to shape the future of finance and beyond.
  • In March of 2023, OKX announced the establishment of OKX Hong Kong, along with its intention to apply for the relevant licenses for virtual asset trading platforms.

Lendbuzz Completes $235 Million Asset-Backed Securitization

Retrieved on: 
Wednesday, October 18, 2023
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J.P. Morgan acted as lead bookrunner and structuring agent, with Goldman Sachs and RBC as joint bookrunners.

Key Points: 
  • J.P. Morgan acted as lead bookrunner and structuring agent, with Goldman Sachs and RBC as joint bookrunners.
  • said George Sclavos, Chief Financial Officer at Lendbuzz.
  • This transaction, Lendbuzz’s third securitization of 2023 and fifth since launching the program, is its largest transaction in program history and continues a period of record-breaking success for the company.
  • This securitization also included over 20 distinct investors, expanding Lendbuzz’s program with 8 first-time investors.