Credit ratings
The City of Thunder Bay has reinforced its status as a financially sound municipality, with S&P Global Ratings reaffirming its AA+ credit rating for the fourth consecutive year. This rating reflects the city's prudent financial management, low debt burden, and robust liquidity position. Despite near-term inflationary
Credit ratings
As the United States and China agreed to a trade deal, investors' preferences shifted towards riskier assets, causing gold to fall more than 3% in its worst weekly performance since November, down from an all-time high of $3,500 on April 22. The price decline has been exacerbated by
Credit ratings
Gold prices surged on Monday as renewed trade worries and a softer dollar fueled demand for safe-haven assets. The US Treasury Secretary Scott Bessent reaffirmed President Donald Trump's tariff threats, prompting a 0.8% increase in spot gold prices to $3,228.47 an ounce. US gold futures
Credit ratings
The dollar retreated on Monday as Moody's downgraded the US sovereign credit rating, warning about the country's rising debt and budget deficit. The rating agency's one-notch downgrade to Aa1 from Aaa on Friday sparked concerns about the US's fiscal risks and its
Moody's Investors Service Inc.
The rating agency Moody's Investors Service has downgraded the rating of one bond from Mortgage Equity Conversion Asset Trust 2007-FF3, backed by Home Equity Conversion Mortgages (HECM). This decision was driven by a revised loss projection and the depletion of credit enhancement in the transaction. The collateral pool
Banks (Finance)
Nordea Bank Abp, one of the largest financial institutions in the Nordic region, has maintained its strong credit ratings as affirmed by Moody's Investors Service. The ratings, which include the a3 Baseline Credit Assessment (BCA) and Adjusted BCA, reflect the bank's diversified regional footprint, healthy asset
Banks (Finance)
Alizz Islamic Bank, a leading Oman-based bank, has received a significant boost to its credit rating, with Capital Intelligence Ratings upgrading its Long-Term ratings on the Oman National Scale to 'omAA+' from 'omAAA' with a stable outlook. This upgrade is a testament to the bank'
Banks (Finance)
Moody's, a reputable credit rating agency, has announced its latest credit rating report for Al Ahli Bank of Kuwait. According to the report, the bank's credit rating is stable, indicating a consistent financial outlook with no immediate risks of downgrade or upgrade in the near term.
Banks (Finance)
Moody's Investors Service has upgraded DBS Bank (Taiwan) Ltd's foreign currency and local currency long-term deposit ratings to A1 from A2, citing the bank's strengthened financial profile and its strategic importance to its parent, DBS Bank Ltd. The upgrade reflects the bank's
Moody's Investors Service Inc.
Moody's Investors Service has assigned a Aaa rating to the proposed $32,480,000 The Health and Educational Facilities Board of The Metropolitan Government of Nashville and Davidson County, Tennessee Multifamily Tax-Exempt Bonds (MBS Secured) (Trinity Flats Apartments) Series 2024A. The rating is based on the high credit
Banks (Finance)
Metropolitan Bank (China) Ltd., also known as MetroBank China, is a Chinese bank with a long history dating back to 2010. Moody's Investors Service has recently affirmed the bank's deposit ratings, citing stable asset quality, robust capitalization, and sufficient liquidity. However, the bank's weak
Moody's Investors Service Inc.
Moody's Investors Service has affirmed Santander Bank Polska S.A.'s (SBP) ratings, including its long- and short-term deposit ratings, Counterparty Risk Ratings, and Baseline Credit Assessment (BCA), following the bank's announcement that Erste Group Bank AG has agreed to acquire a 49% controlling stake.
