Streetbeat News

Credit Ratings

HSBC

HSBC's chief India economist suggests that the Reserve Bank of India might cut rates in February if the winter harvest is successful, potentially easing inflation concerns.

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December 13, 2024 | 9:45 am

PDCC

Pearl Diver Credit Company Inc. (NYSE: PDCC) has announced the pricing of its Series A Preferred Stock offering, expected to raise approximately $28.8 million. The shares are rated 'BBB' by Egan-Jones Ratings Company.

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December 12, 2024 | 10:45 pm

LAZ

Lazard, Inc. has successfully received the required consents from holders of Lazard Group LLC senior notes to adopt proposed amendments to the indenture. This is part of their consent solicitation and offer to guarantee the notes.

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December 11, 2024 | 11:00 pm

TRU

TransUnion's 2025 Consumer Credit Forecast anticipates a moderation in credit card balance growth and a slower increase in delinquencies for major credit products over the next year.

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December 11, 2024 | 1:15 pm

QUAD

Quad/Graphics, Inc. (NYSE: QUAD) has been upgraded by S&P Global Ratings from 'B+' to 'BB-' with a stable outlook due to reduced debt and improved leverage.

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December 11, 2024 | 12:45 pm

INTC

S&P Global Ratings downgraded Intel Corp's credit rating from 'BBB+' to 'BBB' due to slow business recovery and uncertainty following management changes.

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December 10, 2024 | 11:30 pm

EVG

The Eaton Vance Short Duration Diversified Income Fund (EVG) has been downgraded to 'Hold' due to stretched valuations after a 13% total return in 2024. The fund's portfolio is stable but faces risks from tight credit spreads.

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December 10, 2024 | 5:45 pm

TSE

Trinseo PLC has entered into a Transaction Support Agreement with certain creditors to refinance its near-term debt maturities and increase liquidity.

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December 10, 2024 | 12:00 pm

AOMR

KBRA has assigned preliminary ratings to Angel Oak Mortgage Trust 2024-13, a $288.9 million non-prime RMBS transaction. The trust consists of 627 residential mortgages, with a significant portion underwritten using alternative income documentation.

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December 09, 2024 | 7:00 pm

ASB

Associated Banc-Corp has experienced a significant stock performance increase of 71.9% since October, outperforming the S&P 500. Despite this, potential downgrades are on the horizon due to concerns about asset quality. However, improvements in deposits, loan growth, and non-interest income have led to better profitability.

Portfolio Pulse from

December 08, 2024 | 3:00 pm