Streetbeat News

Credit Ratings

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

SPY

Federal Reserve's Neel Kashkari emphasizes the importance of credibility and indicates that the economy is nearing the final stages of reducing inflation to 2%. The monetary policy remains restrictive, and the job market is strong. Modest rate cuts may be appropriate, with future policy driven by data.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 1:13 pm

JPM

JPMorgan Chase's CEO, Jamie Dimon, discussed the potential impact of geopolitics on the economy, while the CFO noted the strong position of US consumers. The bank has increased loan loss provisions in anticipation of normalizing credit quality and expanded lending. Despite a rise in mortgage applications and refinancing following a Fed rate cut, the bank sees limited opportunities for capital deployment.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:27 pm

BA

Boeing shares are declining as the company faces a potential credit downgrade to junk status by S&P Global and Moody's. This is due to strike risks and complex financial issues.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 4:25 pm