Latest news with #rating
Reuters
17-07-2025
- Business
- Reuters
Moody's hikes Argentina ratings up two notches, outlook stable
July 17 (Reuters) - Moody's on Thursday hiked its rating for the government of Argentina's long-term foreign currency and local currency issuer ratings to "Caa1" from "Caa3", up two notches though it remains in so-called junk, or non-investment grade, territory. The ratings agency also changed its outlook to stable from positive. "The upgrade reflects our view that the extensive liberalization of exchange and (to a lesser extent) capital controls, alongside a new International Monetary Fund (IMF) program, support the availability of hard currency liquidity and ease pressure on external finances," Moody's said in a statement. "This reduces the likelihood of a credit event." The outlook, it added, balances positive developments against continued credit challenges and a so far limited structural rebalancing of the external accounts, as well as less favorable trade terms that could narrow the trade surplus. Moody's had taken the rating up to "Caa3" in January of this year, its first upgrade for South America's No. 2 economy in more than five years, after a 2020 downgrade over disrupted debt restructuring talks as the global pandemic increased its risk of slipping into default.
Argaam
13-07-2025
- Business
- Argaam
Fitch affirms Tawuniya ‘A' credit rating with positive outlook
Fitch Ratings affirmed The Company for Cooperative Insurance's (Tawuniya) Insurer Financial Strength (IFS) rating at 'A'. The Outlook is Positive. In a statement to Tadawul, the insurer said that this rating is an important indicator reflecting the company's strong financial position and the diversity of its services and products. Tawuniya views this rating as a testament to its continued commitment to financial strength, sustainable growth, and leadership in the Saudi insurance market, the statement added.
Yahoo
18-06-2025
- Business
- Yahoo
DEMIRE bond 2019/2027: Initial rating B from Fitch
DEMIRE bond 2019/2027: Initial rating B from Fitch Langen, 18 June 2025. Fitch Ratings has assigned DEMIRE Deutsche Mittelstand Real Estate AG ('DEMIRE'; ISIN: DE000A0XFSF0) an issuer rating of 'CCC+' for the first time. Fitch Ratings has granted the bond (ISIN: DE000A2YPAK1) a 'B' rating due to the underlying collateral structure. The ratings reflect the assessment of DEMIRE's EUR 0.8 billion commercial portfolio. Following a debt restructuring supported by the main shareholder in the second half of 2024, DEMIRE aims to further reduce its outstanding bond debt. The bond, which is rated 'B' by Fitch Ratings, matures at the end of 2027. With a loan-to-value of around 35% at the end of 2024 as calculated by Fitch Ratings, DEMIRE's focus is on strengthening its rental and financial stability. From the agency's perspective, the debt relief measures initiated and the support of the main shareholders support DEMIRE's future financial recovery. The rating from Fitch Ratings is effective immediately and will be monitored on an ongoing basis and reviewed once a year. Tim Brückner, CFO of DEMIRE: "With Fitch Ratings, another rating agency besides Scope has given our bond a B rating. We are pleased about DEMIRE's increasing transparency for our investors and are endeavouring to further improve the rating wherever possible." End of press release About DEMIRE Deutsche Mittelstand Real Estate AG DEMIRE Deutsche Mittelstand Real Estate AG acquires and holds commercial properties in medium-sized cities and up-and-coming peripheral locations in metropolitan areas throughout Germany. The company's particular strength lies in realising real estate potential in these locations and focuses on an offering that is attractive to both international and regional tenants. As of 31 March 2025, DEMIRE had a real estate portfolio of 49 properties with a lettable area of around 594 thousand square metres. Taking into account the proportionately acquired Cielo property in Frankfurt/Main, the market value amounts to around EUR 1.0 billion. The portfolio's focus on office properties with an admixture of retail and hotel properties is appropriate for the risk/return structure of the commercial property segment. The Company attaches great importance to long-term contracts with solvent tenants and the realisation of potential and therefore continues to expect stable and sustainable rental income and solid value growth. DEMIRE's portfolio is to be significantly expanded in the medium term. In expanding the portfolio, DEMIRE will focus on FFO-strong assets with potential, while properties that do not conform to the strategy will continue to be sold in a targeted manner. DEMIRE will continue to develop its operations and processes with numerous measures. In addition to cost discipline, operating performance is being improved through an active asset and portfolio management shares of DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) are listed in the Prime Standard of the German Stock Exchange in Frankfurt. Contact: Julius StinauerHead of Investor Relations & Corporate FinanceT: +49 6103 372 49 44E: ir@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBC
28-05-2025
- General
- CBC
Poll suggests Albertans are split on their impressions of Danielle Smith
Poll asked respondents to rate how impressed they are by Smith on a scale of zero to 10. The CBC's Elise Stolte brings us the results.
CBC
17-05-2025
- Entertainment
- CBC
Vancouver influencer's love for fire hydrants sparks online trend
A social media influencer in Vancouver has sparked an online trend, following a unique hobby; rating fire hydrants. CBC's Divya Banerjee caught up with Sadie Morey to find out what makes a hydrant a hit or a miss.
