Capital Market Journal

Capital Markets are the cornerstone foundation of economies

CREDIT RATING DOWNGRADE

Moody’s places Tesco Personal Finance plc’s ratings on review for downgrade

Moody’s Investors Service (Moody’s) today placed on review for downgrade all ratings and assessments of Tesco Personal Finance plc (Tesco Bank) and its holding company Tesco Personal Finance Group plc (TPFG): Tesco Bank’s Baseline Credit Assessment (BCA) and Adjusted BCA…

Moody’s downgrades BY Chelmer plc’s ratings to Baa1.

Moody’s Ratings (Moody’s) has today downgraded to Baa1 from A3 the underlying and backed senior secured ratings of the GBP163 million index-linked senior secured bonds due 2043 (the Bonds) issued by BY Chelmer plc (ProjectCo or BY Chelmer). The outlook…

Moody’s Ratings places on review for downgrade one rating in Canada Square Funding 7 PLC

Moody’s Ratings (“Moody’s”) has today placed on review for downgrade the rating of one note in Canada Square Funding 7 PLC. The rating action reflects lower than anticipated yield generated by the pool of mortgage loans. ….GBP 2.82M Class D…

MOODY’S DOWNGRADES FLAMINGO GROUP LTD REVOLVING CREDIT FACILITY

 Moody’s Investors Service downgraded the ratings of Flamingo Group International Limited (Flamingo or the company), including its corporate family rating (CFR) to Caa1 from B3; its probability of default rating to Caa1-PD from B3-PD, and its backed senior secured bank…

Moody’s downgrades Huws Gray’s ratings to B3 from B2

Moody’s Investors Service downgraded the long-term corporate family rating (CFR) of Patagonia Bidco Limited (Huws Gray or the company) to B3 from B2 and the probability of default rating (PDR) to B3-PD from B2-PD. Concurrently, Moody’s has downgraded to B3…

Moody’s changes rating to negative on ten UK PFI

Moody’s affirmed the A2 underlying debt ratings of seven UK hospital Private Finance Initiative (PFI) project issuers: Criterion Healthcare PLC, Endeavour SCH PLC, HPC King’s College Hospital (Issuer) PLC, United Healthcare (Bromley) Limited, Hospital Company (Swindon and Marlborough), Worcestershire Hospital…

SANTANDER’S RMBS CREDIT DERIVATIVE LOANS PORTFOLIO DOWNGRADED

Moody’s downgraded the rating of Class B notes in FONDO DE TITULIZACIÓN RMBS SANTANDER 7 (“RMBS Santander 7”). The rating action reflects worse-than-expected collateral performance and the unpaid interest accumulated in Class B notes. Moody’s affirmed the rating of the…

Adidas’debt credit rating downgraded, on declining profit and retail sales

Adidas senior unsecured debt credit rating downgraded to A3 from A2 the long-term issuer ratings of Adidas AG. Moody’s also downgraded Adida’s short-term issuer rating to Prime-2 from Prime-1. RATING RATIONALE Today’s rating action is prompted by a steep profit…