Moody's Investors Service, ("Moody's") today downgraded Altera Infrastructure L.P.'s (Altera Infrastructure) Corporate Family Rating to Caa1 from B3 and assigned a Caa1-PD Probability of Default Rating (PDR). Altera Infrastructure L.P. changed its name from Teekay Offshore Partners L.P. on 24 March 2020. The rating downgrade reflects Altera Infrastructure's continuing challenging liquidity position, as well as Moody's expectation of softening financial performance in 2020.
U.S. service sector and job market are flourishing, per January's ISM's non-manufacturing report. Investors can make the most by investing in the top-performing sectors.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
BPY accounting is too aggressive. Neither IFRS book value nor reported Company FFO is suitable to value the company. Due to BAM's explicit support, BPY may eith
Moody's Investors Service (Moody's) assigned a B3 rating to Brand Industrial Services, Inc.'s (Brand) amended senior secured 1st lien revolving credit facility. Moody's also affirmed Brand's existing ratings, including the B3 Corporate Family Rating and B3-PD Probability of Default Rating.
Brookfield Business Partners is heavily leveraged and owns some businesses that are severely impacted by the COVID-19 shutdown.That being said, it is well-diversified and has enough "essential businesses" to likely remain cash flow positive through the downtu…
BROOKFIELD, NEWS, May 06, 2020 -- Brookfield Business Partners L.P. (NYSE: BBU) (TSX: BBU.UN) (“Brookfield Business Partners”) announced today financial results for the quarter.
Altera Infrastructure L.P. (the “Partnership”) today announced that its subsidiary Teekay Knarr AS has entered into a contract amendment with AS Norske Shell, as operator for and on behalf of the Knarr field licence partners (the “Operator”), that extends the contract for the lease and operation of the Petrojarl Knarr FPSO (the “Vessel”) until at least March 2022. The vessel has been operating on the Knarr field since 2015 under a firm duration until March 2021, which included a further fee payable by the Operator if the contract was not extended through to 2025 and with additional extension options thereafter. The contract amendment includes a reduction in day rate from March 2021 to March 2022 and the removal of the fee payable by the Operator if the contract was not extended, in return for the introduction of an additional production volume and oil price related tariff.
Altera Infrastructure is an international midstream service provider that owns and operates assets used in storage, production as well as transportation of products by the...
PEMBROKE, Bermuda, April 30, 2020 -- Altera Infrastructure L.P. (NYSE: “ALIN PRA”, “ALIN PRB” and “ALIN PRE”) plan to release their financial results for the First Quarter of.
BBU earnings call for the period ending March 31, 2020.
Clayton, Dubilier & Rice today announced the completion of the previously announced partnership transaction with Brookfield Business Partners L.P., together with its institutional partners (collectively "Brookfield"), in which Brookfield acquired approximately half of CD&R; funds' ownership interest in Brand Industrial Services ("BrandSafway"), a leading provider of specialized services to global industrial, commercial, and infrastructure markets.
Date: Wednesday, May 6, 2020Time: 11:00 a.m. (Eastern Time) BROOKFIELD NEWS, April 14, 2020 -- You are invited to participate in Brookfield Business Partners’ (TSX: BBU.UN).
Operator: Ladies and gentlemen, thank you for standing by and welcome to the Brookfield Business Partners Q1 2020 Results Conference Call and Webcast. Denis will then provide additional insight on the actions we're taking to position our companies in the current environment.
PEMBROKE, Bermuda, April 22, 2020 -- Altera Infrastructure GP LLC, the general partner of Altera Infrastructure L.P. (Altera Infrastructure or the Partnership), has declared.
Jeffrey Blidner, Chair of our Board, stated, "I would like to thank Anthony for his guidance and support as a Board member for the past two and a half years and wish him success in his new senior management role with Brookfield.” A search is underway for a new director to join the Brookfield Business Partners Board and is expected to be completed later this year.
Moody's Investors Service (Moody's) has today downgraded to B3 from B2 the corporate family rating (CFR) and to B3-PD from B2-PD the probability of default rating (PDR) of the Dutch Returnable Transit Packaging manufacturer Schoeller Packaging B.V. (Schoeller). Concurrently, Moody's has downgraded the rating on its E250 million senior secured notes due in 2024 issued by Schoeller to B3 from B2.
BROOKFIELD, News, Feb. 06, 2020 -- Brookfield Business Partners L.P. (NYSE: BBU) (TSX: BBU.UN) (“Brookfield Business Partners”) announced today financial results for the year.
DUBLIN, May 14, 2020 /PRNewswire/ -- The "Nokia 4G AirScale BBU" report from EJL Wireless Research has been added to ResearchAndMarkets.com's offering. This report provides a comprehensive analysis of the Nokia Networks 4G AirScale Digital Baseband Unit (BBU)…
The big yield preferred shares of Altera (formerly Teekay Offshore, until Brookfield renamed it) will benefit in the near to mid term from oil price contango.More specifically, Altera's shuttle tanker business is enjoying significant but temporary tailwinds d…
United Therapeutics tops the list Continue reading...
PEMBROKE, Bermuda, March 24, 2020 -- Teekay Offshore Partners L.P. (the “Partnership”) today announced that its name has changed to Altera Infrastructure L.P. effective 24.
In late October, at the Baron Investment Conference, I listened to Bruce Flatt, CEO of Canadian money manager Brookfield Asset Management, recalls Mark Skousen, leading growth and income expert and editor of Forecasts & Strategies.
BAM has outperformed the market over the long term, thanks to easy access to cheap capital, solid execution of value investing principles, and a highly scalable asset management business.However, Brookfield's big bets on bricks-and-mortar retail and office re…
TORONTO , May 14, 2020 /CNW/ - Bridgemarq Real Estate Services Inc. ("Bridgemarq" or the "Company") (BRE.TO) announced today its first quarter consolidated financial results and the approval of a monthly dividend to holders of the Company's restricted voting shares. Following a strong performance in 2019, the Company began 2020 with positive momentum. The Company has taken supportive measures to protect business continuity and distributions to shareholders.
Moody's Investors Service, (" Moody's ") downgraded the ratings of Clarios Global LP ("Clarios") - including corporate family rating (CFR) to B2 from B1, the probability of default rating (PDR) to B2-PD from B1-PD, senior secured ratings to B1 from Ba3; and senior unsecured rating to Caa1 from B3. The rating outlook is stable.
BROOKFIELD, NEWS, March 06, 2020 -- Brookfield Business Partners L.P. (NYSE: BBU) (TSX: BBU.UN) (“Brookfield Business Partners”) today announced that it has filed its 2019.
In recent weeks, the country has come together to support the heroes in healthcare through nightly standing ovations, a movement created to show appreciation to those on the frontlines of the coronavirus pandemic. Entenmann's® Donuts will join the nation in h…
Altera Infrastructure is an international midstream service provider that owns and operates assets used in storage, production as well as transportation of products by the offshore oil and gas industry. The coronavirus outbreak has led to a sharp decrease in …
Can I use PostgreSQL in Kubernetes and expect to achieve performance results of the storage that are comparable to traditional installations on bare metal or VMs? In this article I go through the benchmarks we did in our own Private Cloud based on Kubernetes …
With the US playing catch-up in a capitalism game it may have already lost, a “game-changing” opportunity arises: One that could reset the rules to the US’ advantage. If only its leaders don’t muck it up first.
Mobile 3D gaming apps, autonomous vehicles, industrial IoT, remote surgery, smart cars, and smart cities – mobile operators’ 5G network architectures are preparing to enable these and other advanced wireless use cases as they come available. 5G supports high-…
BAM attracts investors due to its potential to beat the index long-term.Most of BAM businesses will not be affected once a vaccine and/or treatment gets developed and distributed.Retail real estate business will be damaged significantly but its impact on BAM'…