From the book, Obsolescence of Mankind, Gunther Anders, 1956
“To crush any revolt in advance, one must not use violence. Methods such as those used by Hitler are outdated. It is enough to develop such a powerful collective conditioning that the very idea of revolt will not even cross…
FRONT END GILTs YIELD CURVE MISPRICED COMPARED TO 5.2% INFLATION EXPECTATIONS
Inflation Expectations in the United Kingdom decreased to 5.20% in April from 5.40% in March of 2023 THE FRONT END OF THE UK GILTS YIELD CURVE HAS BEEN MISPRICED FOR MANY MONTHS, DESPITE CORE INFLATION RATE STANDING AT 6.2%, CPI…
The S&P 500 is overvalued and a correction would be natural
A macroeconomic interpretation of the Federal Reserve shrinking its balance sheet could be that q(t)=1+C'{I(t)}, the value of one more unit of capital= cost of getting one more unit of capital, as money markets interest rates rise to match inflation…
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…
Moody’s downgrades all of EMEA CMBS credit derivatives issued by HAUS
Moody’s has today downgraded all classes of EMEA CMBS issued by HAUS (EUROPEAN LOAN CONDUIT) DAC (“Issuer”): ….EUR 194.2M Class A1 Notes, Downgraded to Aa1 (sf); previously on Aug 23, 2021 Definitive Rating Assigned Aaa (sf) ….EUR 19.1M Class A2…
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…
Moody’s downgrades Checkers PDR to Ca-PD/LD following missed principal payment on first-lien term loan facilities
Moody’s downgraded Checkers Holdings, Inc.’s (Checkers) probability of default rating (PDR) to Ca, its corporate family rating (CFR) to Ca from Caa2 and its senior secured bank credit facility to Caa3 from Caa1. The downgrades follow the expiration of the…
Moody’s downgrades Checkers Holdings credit rating to Ca following missed principal payment on first-lien term loan facilities
Moody’s downgraded Checkers Holdings, Inc.’s (Checkers) probability of default rating (PDR) to Ca, its corporate family rating (CFR) to Ca from Caa2 and its senior secured bank credit facility to Caa3 from Caa1. The downgrades follow the expiration of the…