Streetbeat News

Credit Ratings

GTCH

Moody's has upgraded American Express Global Business Travel (Amex GBT) to a B1 credit rating, indicating an improvement in the company's financial stability and creditworthiness. This upgrade suggests the company has demonstrated better financial performance and reduced credit risk.

Portfolio Pulse from

March 26, 2025 | 12:45 pm

GTCH

Moody's has upgraded American Express Global Business Travel (Amex GBT) to a B1 credit rating, indicating an improvement in the company's financial stability and creditworthiness. This upgrade suggests the company has demonstrated better financial performance and reduced credit risk.

Portfolio Pulse from

March 26, 2025 | 12:45 pm

ETRGF

Entourage Health Corp. has increased its subordinated credit facility by approximately $3 million and extended the maturity date of both its subordinated and senior secured facilities to December 31, 2025. The company has also received a forbearance letter from LiUNA Pension Fund waiving previous breaches until April 9, 2025.

Portfolio Pulse from

March 26, 2025 | 11:45 am

ETRGF

Entourage Health Corp. has increased its subordinated credit facility by approximately $3 million and extended the maturity date of both its subordinated and senior secured facilities to December 31, 2025. The transaction involves a related party, LiUNA Pension Fund, and is part of an ongoing arrangement agreement. The company has also received a forbearance letter waiving previous breaches until April 9, 2025.

Portfolio Pulse from

March 26, 2025 | 11:45 am

CHWY

SLR Credit Solutions has closed a $75 million senior credit facility for Stella & Chewy's, consisting of a revolver and term loan. The proceeds will be used to refinance existing debt for the raw pet food company, which offers premium pet nutrition products through various retail channels.

Portfolio Pulse from

March 26, 2025 | 11:15 am

CHWY

SLR Credit Solutions has closed a $75 million senior credit facility for Stella & Chewy's, consisting of a revolver and term loan. The proceeds will be used to refinance existing debt for the raw pet food company, which offers premium pet food products through various retail channels.

Portfolio Pulse from

March 26, 2025 | 11:15 am

CSWC

Capital Southwest Corporation (CSWC) has been affirmed an investment grade long-term issuer rating of Baa3 with a stable outlook by Moody's Investors Service. The rating reflects the company's strong capitalization, diverse funding profile, first-lien investment portfolio, consistent earnings, and internally managed business development structure.

Portfolio Pulse from

March 25, 2025 | 8:15 pm

CSWC

Capital Southwest (CSWC) has been affirmed an investment grade long-term issuer rating of Baa3 with a stable outlook by Moody's Investors Service. The rating highlights the company's strong capitalization, diverse funding profile, first-lien oriented investment portfolio, recurring earnings generation, and internally managed structure.

Portfolio Pulse from

March 25, 2025 | 8:15 pm

AFRM

Affirm has formed a strategic partnership with J.P. Morgan Payments to expand its buy now, pay later (BNPL) services across the J.P. Morgan merchant network in the U.S. Simultaneously, the company is preparing to report all payment plans to Experian starting April 1, aiming to help consumers build credit histories and provide more transparency in lending.

Portfolio Pulse from

March 25, 2025 | 4:30 pm

ISD

The PGIM High Yield Bond Fund (ISD) is a closed-end fund focusing on below investment grade bonds. While the fund has historically performed well, there are emerging caution signals that investors should carefully consider before making investment decisions.

Portfolio Pulse from

March 25, 2025 | 2:45 pm