Streetbeat News

Credit Ratings

WSC

WillScot Holdings Corporation announced consent solicitations to amend provisions of its Senior Secured Notes due 2029 and 2031. This move involves its subsidiary, Williams Scotsman, Inc., and aims to modify certain indenture provisions.

Portfolio Pulse from

March 12, 2025 | 3:30 pm

LXP

LXP Industrial Trust receives a strong buy rating due to its growing and diversified portfolio, particularly in the US Sunbelt region. The REIT has shown growth in dividends, profits, and cash flow, while maintaining low leverage and investment-grade credit ratings.

Portfolio Pulse from

March 12, 2025 | 9:45 am

STWD

Starwood Property Trust's dividend is at risk due to a 100% pay-out ratio and declining distributable profits. The trust's portfolio decreased by $2.0 billion YoY, reflecting a challenging credit environment and high office vacancies. The stock is now rated 'Hold'.

Portfolio Pulse from

March 12, 2025 | 8:30 am

LUMN

Lumen Technologies is undergoing a successful transformation, securing $8.5 billion in deals and partnering with OneVizion. Despite a 25% share price drop, Lumen's fundamentals are improving, with a 43% upside potential. Key developments include a $1 billion cost savings plan, credit rating upgrade, and debt restructuring.

Portfolio Pulse from

March 11, 2025 | 12:45 pm

BLX

Bladex's loan book is growing, but margin compression due to lower rates and higher liquidity is impacting net interest margins. The uncertain LatAm macroeconomic environment, US/Mexico tariffs, and commodity price weakness pose risks. Despite strong risk management, Bladex's valuation is less attractive, leading to a downgrade from Buy to Hold.

Portfolio Pulse from

March 11, 2025 | 11:15 am

NWHUF

NorthWest Healthcare REIT has reduced its debt by $1 billion and achieved 4% same property NOI growth. It received an investment-grade rating from DBRS, which could lead to better refinancing terms. However, its high leverage and debt-to-EBITDA ratio over 10X remain concerns, resulting in a cautious 'hold' rating.

Portfolio Pulse from

March 10, 2025 | 10:00 pm

CPK

Chesapeake Utilities Corporation has received its first investment grade credit rating from Fitch Ratings, marking a significant milestone for the company.

Portfolio Pulse from

March 10, 2025 | 5:00 pm

ETR

Entergy Corporation's common stock appears overvalued, but its baby bonds offer attractive yields and are highly rated by Moody's and S&P. These bonds are undervalued compared to similar A-rated debt, making them a compelling investment opportunity.

Portfolio Pulse from

March 10, 2025 | 12:30 pm

CME

Recent changes in expectations suggest that interest rates are now anticipated to fall rapidly in 2025, contrary to earlier predictions of only one or two cuts by the Federal Reserve.

Portfolio Pulse from

March 10, 2025 | 12:30 pm