Streetbeat News

Credit Ratings

BA

S&P has affirmed Boeing's ratings due to greater-than-expected equity issuance, which helps mitigate cash flow deficits expected through 2025. However, Boeing remains on CreditWatch due to limited flexibility in cash flow and ongoing strike challenges.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 6:59 pm

WFC

Wells Fargo CEO Charlie Scharf reports that the U.S. consumer is performing well, with credit levels in single digits and consistent. However, uncertainty around U.S. elections is causing clients to pause on loan demand.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 6:21 pm

BA

Moody's believes Boeing can meet the IAM's pre-strike demand for a 40% compensation increase. The focus remains on Boeing's ability to raise new equity capital and achieve a 737 production rate of 38 per month, which are key factors in Moody's ratings review.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 3:22 pm

BA

Moody's states that the recent rejection by the IAM has little impact on Boeing's Baa3 rating review. They believe an agreement will be reached with terms Boeing can handle, but IAM's pension demand is unlikely to be met. The strike resolution is crucial for production restart, not financial terms.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 3:21 pm

REFI

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) has secured a $50 million unsecured term loan with a BBB+ rating from Egan-Jones. The loan will enhance liquidity for future investments and general corporate purposes, including repaying existing borrowings.

Portfolio Pulse from Nicolás Jose Rodriguez

October 23, 2024 | 5:10 pm

DB

Deutsche Bank reported its Q3 financial metrics, including a Common Equity Tier 1 capital ratio of 13.8%, a leverage ratio of 4.6%, a liquidity coverage ratio of 135%, and provisions for credit losses amounting to €494 million.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 9:04 am

AXP

American Express reported a consolidated provision for credit losses of $1.4 billion, up from $1.2 billion a year ago, indicating a potential increase in credit risk.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 11:02 am

BA

Fitch Ratings has commented on Boeing's shelf registration, which allows for broader market access, including potential equity issuance. This move could help Boeing alleviate risks of a credit rating downgrade.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 2:37 pm

BA

SPGI

S&P Global Ratings comments on Boeing's recent shelf filing and supplemental credit facility, viewing them as steps towards a capital raise crucial for maintaining its credit rating. The company's recovery is contingent on resolving a strike.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 2:06 pm

ATEK

Athena Technology Acquisition Corp. II's financial statements include an audit opinion with an explanatory paragraph about its ability to continue as a going concern.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 9:24 pm