Moody's Investors Service Inc.
Moody's Ratings has confirmed Herschend Entertainment Company, LLC's (Herschend) current ratings, including its Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating (PDR), and Ba3 senior secured term loan B rating, despite a negative outlook. The confirmation comes after the company's proposed acquisition
Moody's Investors Service Inc.
Aggreko, a leading global provider of modular power generation and temperature control equipment, has announced plans to refinance its debt with the issuance of backed senior secured notes due 2030. Moody's Investors Service has assigned a B1 rating to these notes, reflecting the company's sustained strong
Banks (Finance)
Unibank, one of the leading commercial banks in Azerbaijan, has entered into a significant partnership with AKA Ausfuhrkredit-Gesellschaft mbH, a renowned German financial institution. The partnership, which follows a pound 5 million credit line granted by AKA to Unibank, aims to enhance the bank's international trade operations and
Banks (Finance)
A premier pre-settlement legal funding firm, Legal-Bay, has introduced a new financing program to help attorneys cover the high costs of building and preparing cases for trial without relying on traditional loans or bank financing. The program provides merit-based financing, allowing attorneys to secure resources for experts, depositions, court filings,
Bank loans
Banks in the Philippines reduced their exposure to the local property sector in the second quarter, but the proportion of soured home loans remained elevated. The Bangko Sentral ng Pilipinas reported that real estate loans accounted for 19.92% of the total loan portfolio as of end-June, a slight decrease
Bank loans
FS Credit Real Estate Income Trust, Inc. (FS Credit REIT), a monthly NAV REIT, has completed the purchase of a diversified portfolio of senior loans from a commercial bank. The $351.8 million portfolio consists of 16 performing floating rate loans with an original weighted average loan-to-value of approximately 61%
Banks (Finance)
Senior bankers in Australia are confronting a daunting challenge as they attempt to manage the unprecedented number of borrowers who have deferred their loan repayments due to the COVID-19 pandemic. With hundreds of thousands of people on repayment holidays, banks are now faced with the grim reality that some borrowers
Banks (Finance)
US banks JPMorgan, Citigroup, and Wells Fargo have collectively set aside a record $28 billion to cover potential defaults on loans amid the ongoing pandemic recession. This is the most banks have set aside for bad loans since 2008, with JPMorgan CEO Jamie Dimon stating, "This is not a
Banks (Finance)
Thailand's banking sector is on high alert as the country's economy teeters on the brink of collapse, with the Bank of Thailand (BOT) taking a series of pre-emptive measures to guard against a hard-landing economic scenario. Despite having no locally transmitted infection for over a month,
Banks (Finance)
The Federal Deposit Insurance Corporation (FDIC) has finalized a rule that allows online non-bank lenders to launder their loans through banks, enabling them to charge triple-digit interest rates in states where high rates are illegal. This move has been strongly opposed by consumer advocates, including the Center for Responsible Lending,
Banks (Finance)
The Federal Deposit Insurance Corp. (FDIC) has announced plans to repeal two guidances that protect consumers against high-cost bank payday loans over 36%, amid the COVID-19 pandemic. This move has been met with concerns from advocates, who warn that it may encourage banks to make unaffordable loans that trap borrowers
Banks (Finance)
European banks are expected to "weaken meaningfully" in 2020 and 2021, according to Standard & Poor's, due to the COVID-19 crisis. The ratings agency has downgraded more than 40 major banks across Europe, citing earnings, asset quality, and capitalization concerns. Banks were already struggling with profitability
