Streetbeat News

Credit Ratings

TKOMY

Tokio Marine HCC's ratings of A++ and AA- have been affirmed by AM Best and Fitch Ratings, with a stable outlook.

Portfolio Pulse from

November 12, 2024 | 3:15 pm

TD

Moody's has downgraded the long-term ratings of The Toronto-Dominion Bank and its U.S. subsidiaries following a guilty plea to conspiracy to commit money laundering and a $3 billion fine.

Portfolio Pulse from

November 11, 2024 | 9:30 pm

SLF

Sun Life Financial has been upgraded from a hold to a buy rating due to its 4% dividend yield, sustainable dividend growth, undervaluation compared to peers, and strong Q3 results. The company shows potential for further top-line growth and maintains a low-risk profile with 'A'-level credit ratings.

Portfolio Pulse from

November 11, 2024 | 6:15 am

EC

Fitch Ratings has maintained Ecopetrol's global credit rating at BB+ with a stable outlook, indicating confidence in the company's financial stability.

Portfolio Pulse from

November 08, 2024 | 11:00 pm

TD

Moody's has downgraded the long-term ratings of The Toronto-Dominion Bank and its U.S. subsidiaries following a guilty plea to conspiracy to commit money laundering and a $3 billion fine.

Portfolio Pulse from

November 07, 2024 | 10:45 pm

SAFE

Safehold Inc. has received a BBB+ credit rating with a positive outlook from S&P Global Ratings, indicating a stable financial position and potential for future growth.

Portfolio Pulse from

November 07, 2024 | 9:15 pm

MRPRF

Merlin Properties SOCIMI, S.A. is a stable REIT with strong occupancy rates and a BBB+ rating, but its AFFO is expected to decline by 18% in 2024. Despite positives like good leasing spreads and high occupancy, some fundamentals have worsened, leading to a more cautious outlook.

Portfolio Pulse from

November 07, 2024 | 4:00 pm

BR

Broadridge Financial Solutions, Inc. (NYSE:BR) has been recognized as a category leader in the Credit Lending Operations 2024 Report by Chartis for its Banking Book Collateral Management Technology, COLLATE.

Portfolio Pulse from

November 07, 2024 | 12:15 pm

MRCC

KBRA has assigned preliminary ratings to Monroe Capital Income Plus ABS Funding II, LLC, a $255 million securitization managed by Monroe BDC Advisors, LLC. The securitization is backed by recurring revenue and middle market corporate loans.

Portfolio Pulse from

November 06, 2024 | 7:45 pm

OCFC

OceanFirst Financial Corp. and its subsidiary, OceanFirst Bank N.A., have received investment grade ratings from Moody's. OceanFirst Bank N.A. was assigned Deposit Ratings of A3/Prime-2, while OceanFirst Financial Corp. received an Issuer Rating of Baa3.

Portfolio Pulse from

November 06, 2024 | 6:00 pm