Moody's Investors Service Inc.
Moody's Investors Service has affirmed Banco Continental S.A.E.C.A.'s long and short-term bank deposit ratings, reflecting the bank's sound market position in Paraguay and strong capital position. The upgrade of the bank's standalone Baseline Credit Assessment (BCA) to baa3
Moody's Investors Service Inc.
Moody's Investors Service has affirmed Modulaire Group Holdings Limited's (Modulaire) B2 corporate family rating (CFR) and the backed senior secured bank credit facility ratings of its EUR1.8 billion Term Loan B and EUR350 million revolving credit facility. The affirmation is driven by Modulaire's
Banks (Finance)
Lenders Cooperative, a leading provider of loan origination and servicing technology, has announced its partnership with Primis Bank to power its small business lending operations. Primis Bank will leverage Lenders Cooperative's platform to automate the entire workflow for SBA and conventional commercial loans, increasing loan production and streamlining
Banks (Finance)
Pakistan is poised to secure a substantial influx of foreign currency, as government officials confirm that the country is on the cusp of receiving $3.3 billion in loans from Chinese banks. This significant financial boost will contribute to a substantial increase in the country's foreign exchange reserves,
Moody's Investors Service Inc.
Centuri Holdings, Inc. has received a Ba3 rating for its proposed $1.22 billion senior secured credit facilities, which include a $450 million revolver and a $770 million term loan B. Moody's also assigned a Ba3 corporate family rating (CFR), Ba3-PD probability of default rating, a Speculative Grade
Banks (Finance)
The Federal Home Loan Banks, member-owned cooperatives that power communities, released their 2024 Impact Report, showcasing their continued reliability as a liquidity provider and a landmark year of support for housing affordability and community development across the United States. The report highlights the System's 90+ year history, emphasizing
Moody's Investors Service Inc.
Rithum Holdings, a leading provider of cloud-based software that integrates retailers with suppliers, has seen its corporate family rating (CFR) upgraded to B3 from Caa1 by Moody's Investors Service. This move reflects Rithum's efforts to balance its financial strategy, reduce debt, and increase revenue. The company&
Moody's Investors Service Inc.
Moody's Ratings has assigned a corporate family rating (CFR) of B3 and a probability of default rating (PDR) of B3-PD to Convergint Technologies Group Holdings LLC (Convergint), a service-based organization that designs, installs, and maintains building systems. The company's credit profile is constrained by high pro
Banks (Finance)
A finance manager in Pune was among the victims of identity thefts by a fraudster who lived a lavish lifestyle funded by fraudulent loans. The fraudster, Yuvraj Bharat Tiwade, 45, exploited gaps in the verification system and employed an alarming modus operandi to steal as many as 23 identities over
Banks (Finance)
Analysts forecast that proposed changes to the Law on Credit Institutions will benefit commercial banks that focus on retail lending due to their ability to quickly process small loans. The amendments aim to include provisions from Resolution No 42/2017/QH14 on piloting bank bad debt settlement, as proposed by
Moody's Investors Service Inc.
Moody's Ratings has affirmed the Ba2 long-term corporate family rating and Ba3 long-term senior unsecured debt ratings of Starwood Property Trust, Inc. (Starwood), as well as the Ba2 senior secured bank credit facility ratings of subsidiary Starwood Property Mortgage, LLC. The stable outlook reflects the company's
Moody's Investors Service Inc.
Kroll Midco Corporation, a global consulting and business services firm, has seen its corporate family rating (CFR) affirmed by Moody's Investors Service at B3, with a probability of default rating (PDR) at B3-PD. Additionally, the rating agency has affirmed Deerfield Dakota Holding, LLC's senior secured first-lien
