Streetbeat News

Credit Ratings

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

BNDX

BNDX provides exposure to foreign bonds, focusing on stable segments of the yield curve with a 5-10 year duration. It holds Japanese JGBs and French OATs, with Japan's market stable and France facing credit risks. Despite risks, BNDX's diversification and 4.79% yield offer strong long-term growth potential.

Portfolio Pulse from

November 05, 2024 | 11:45 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 05, 2024 | 12:30 pm

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