Streetbeat News

Credit Ratings

BA

TSLA

Baidu is planning a global expansion of its robotaxi service, posing a potential threat to Tesla's dominance in the electric vehicle market. Meanwhile, Boeing has ended negotiations with striking workers, which has negatively impacted its credit rating.

Portfolio Pulse from Akanksha Bakshi

October 09, 2024 | 1:23 pm

ALTM

BA

NVDA

QQQ

SPY

US stock futures indicate a marginally lower opening, with Nvidia gaining in premarket trading. Traders are focused on the Federal Reserve's meeting minutes and upcoming economic data. Nvidia's rise is attributed to positive demand commentary for its chips. The bull market is nearing its second anniversary, with expectations of continued gains.

Portfolio Pulse from Shanthi Rexaline

October 09, 2024 | 11:29 am

HTGC

Hercules Capital has received a reaffirmation of its investment-grade credit and corporate rating of Baa3 from Moody's Investors Service, with an improved outlook to positive.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 10:08 am

BA

S&P has placed Boeing Co.'s ratings, including its 'BBB-' issuer credit rating, on CreditWatch Negative due to financial risks associated with a strike. Boeing may need additional funding to maintain its cash balance, fund operations, and meet debt obligations.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 8:00 pm

AMC

AMC Entertainment Holdings (NYSE:AMC) has refinanced its debt and received a raised credit rating from S&P Global, leading to increased optimism from CEO Adam Aron. The company has pushed its debt maturities further out and benefited from a strong summer box office, doubling earnings from June to September. Despite challenges like the COVID-19 pandemic and Hollywood labor strikes, AMC is now positioned to play offense with rising profitability.

Portfolio Pulse from Chris Katje

September 27, 2024 | 7:08 pm

LRHC

La Rosa Holdings has announced a debt restructuring plan, halting conversion rights and deferring principal and interest payments until February 2025. This move aims to improve the company's financial stability.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 12:15 pm

ALK

Moody's has downgraded Alaska Air Group's issuer rating to Ba1 and assigned a Baa2 rating to its loyalty financing, with a negative outlook. This indicates potential financial challenges for the company.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 6:37 pm

SRCL

WM

Waste Management, Inc. (WM) announced successful early tender results for its private exchange offer and consent solicitation for Stericycle's $500M Senior Notes due 2029. The consents will amend the notes to eliminate most restrictive covenants.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 12:19 pm

AAWH

CURLF

FFNTF

GTII

PLNH

Viridian Capital introduces new metrics for evaluating cannabis MSOs, focusing on Total Liabilities/Market Cap and adjusted net debt including leases and taxes. This approach aims to provide a more accurate financial picture than traditional Debt/EBITDA ratios.

Portfolio Pulse from Viridian Capital Advisors

September 23, 2024 | 5:36 pm

MATV

Mativ Holdings, Inc. (NYSE:MATV) is initiating a $400 million private offering of senior notes due 2029 to repay existing debt, including redeeming its 6.875% Senior Notes due 2026 and repaying $43 million under its term loan B facility.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 11:42 am