New York, March 18, 2020 -- Moody's Investors Service ("Moody's") has today affirmed the ratings and assessments of Banco de Desarrollo de El Salvador (Bandesal) and Banco Agrícola, S.A., and changed their outlooks to positive, from stable. Bandesal's B3 long-term foreign currency issuer rating and Banco Agrícola's B1 long-term foreign currency deposit rating were affirmed. At the same time, the banks' b3 standalone baseline credit assessments (BCA), Bandesal's b3 adjusted BCA and Banco Agrícola's b1 adjusted BCA were all affirmed.
New York, March 18, 2020 -- Moody's Investors Service ("Moody's") has today affirmed the ratings and assessments of Banco de Desarrollo de El Salvador (Bandesal) and Banco Agrícola, S.A., and changed their outlooks to positive, from stable. Bandesal's B3 long-term foreign currency issuer rating and Banco Agrícola's B1 long-term foreign currency deposit rating were affirmed. At the same time, the banks' b3 standalone baseline credit assessments (BCA), Bandesal's b3 adjusted BCA and Banco Agrícola's b1 adjusted BCA were all affirmed.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Bancolombia S.A. New York, April 01, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Bancolombia S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
All forward-looking statements, whether made in this conference call and future filings and press releases or verbally address matters that involve risk and uncertainty. Mr. Juan Carlos, you may begin.
Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in Q4 of 2018 due to various reasons. Nevertheless, the data show elite investors' consensus picks have done well on average over the long-term. The top 20 stocks among hedge funds beat […]
Deutsche Bank (DB) agrees to pay settlement charges despite not admitting or denying the allegations regarding violation of the Foreign Corrupt Practices Act.
At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps […]
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
Commerzbank (CRZBY) undertakes plans to cut costs after taking into account the weak German economy and expectations of lower rates.
Swiss Universal Bank, a unit of Credit Suisse (CS) will transform its branch to a digital branch with the creation of direct banking unit, effective Sep 1.
Moody's Investors Service ("Moody's") has today assigned a Baa2 foreign currency debt rating to the proposed USD-denominated senior unsecured notes to be issued by Bancolombia S.A. (Bancolombia). The Baa2 foreign currency senior unsecured debt rating is in line with Bancolombia's Baa2 global local currency deposit rating and incorporates two notches of uplift from the bank's ba1 baseline credit assessment (BCA) to reflect Bancolombia's systemic importance. The assessment considers Bancolombia's leading deposit franchise in Colombia; the Colombian authorities' track record of providing support to systemically important financial institutions in the past; and the material systemic consequences of an unsupported failure of any of them.
Bancolombia S.A. (CIB) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
NEW YORK, NY / ACCESSWIRE / February 21, 2020 / Bancolombia SA (NYSE:CIB) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on February 21, 2020 at 8:00 AM ...
Barclays (BCS) is on track to divest risky parts of its investment bank in order to improve efficiency and support profitability.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Banco Agricola, S.A. New York, March 25, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Banco Agricola, S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Investors Service ("Moody's") has today assigned a Ba3(hyb) rating to the proposed USD-denominated contractual non-viability Tier 2 subordinated notes to be issued by Bancolombia S.A. (Bancolombia). The capital securities are Basel III-compliant, and their terms and conditions have been defined so as to qualify the notes for treatment as Tier 2 capital pursuant to Colombian regulation. The Ba3(hyb) rating assigned to the new Tier 2 subordinated notes is positioned two notches below the ba1 adjusted baseline credit assessment (adjusted BCA) of Bancolombia in line with Moody's standard notching guidance for contractual non-viability subordinated debt with a full or partial principal write-down triggered at or close to the point of non-viability.
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
Mitsubishi UFJ Financial Group's (MUFG) interim results for fiscal 2019 are expected to reflect higher expenses related to investments and fall in interest income.