Moody's Investors Service, ("Moody's") has assigned a Baa3 backed long-term issuer rating to Avolon Holdings Limited (Avolon). The Baa3 long-term senior unsecured ratings of subsidiaries Avolon Holdings Funding Limited and Park Aerospace Holdings Limited are not affected by this new rating assignment. Moody's assignment of a Baa3 backed long-term issuer rating to Avolon reflects Avolon's consolidated credit profile, as well as Moody's expectation that, were senior unsecured notes ever issued by Avolon as the holding company of the Avolon group, the notes would be supported by subsidiary guarantees so as to be pari passu with the Baa3-rated senior unsecured notes issued by subsidiaries Avolon Holdings Funding Limited and Park Aerospace Holdings Limited.
Moody's Japan K.K. has affirmed ORIX Corporation's A3 long-term issuer and senior unsecured (foreign) ratings. At the same time, Moody's has changed ORIX's outlook to negative from stable, reflecting Moody's assessment that the rapid and widening spread of the coronavirus and the deteriorating global economic outlook will likely have a direct negative impact on ORIX's asset quality and profitability. Today's action reflects the impact on ORIX of the breadth and severity of the shock, and the deterioration in credit quality it has triggered.
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 […]
Moody's Investors Service ("Moody's") assigned a rating of Baa3 to the senior unsecured notes due 2025 and 2027 issued by Avolon Holdings Funding Limited (Avolon Holdings Funding), a subsidiary of aircraft leasing company Avolon Holdings Limited (Avolon; Baa3 stable). Moody's rated the Avolon Holdings Funding senior notes based on Avolon's Baa3 credit profile, the notes' relative priority and proportion in Avolon's capital structure, and the strength of the notes' asset coverage. The terms of the notes are consistent with those of Avolon Holdings Funding's existing senior unsecured debt.
ABB tops the list Continue reading...
This is lower than the prior year, but we did manage to achieve our target of JPY 300 billion. The reduction of corporate tax by JPY 27 billion contributed positively to the after-tax profit. Segment profit for the year was at JPY 417.7 billion.
Diamond Hill Capital Management Portfolio Manager John McClain joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss how markets are behaving amid new cases of the coronavirus on The First Trade.
Moody's Investors Service, ("Moody's") has affirmed the ratings of the following aircraft leasing companies and revised their outlooks to negative: AerCap Holdings N.V. (Baa3 backed issuer rating), Aviation Capital Group LLC (Baa2 issuer rating), Avolon Holdings Limited (Baa3 backed issuer rating), DAE Funding LLC (Baa3 backed long-term senior unsecured), Fly Leasing Limited (Ba3 corporate family rating), and Voyager Aviation Holdings, LLC (B1 corporate family rating). Moody's has also revised the review of Aircastle Limited's Baa3 long-term senior unsecured rating to review for downgrade from review direction uncertain.
ORIX Corporation (IX) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Moody's Investors Service ("Moody's") assigned a rating of Baa3 to the senior unsecured notes due 2025 and 2027 issued by Avolon Holdings Funding Limited (Avolon Holdings Funding), a subsidiary of aircraft leasing company Avolon Holdings Limited (Avolon; Baa3 stable). Moody's rated the Avolon Holdings Funding senior notes based on Avolon's Baa3 credit profile, the notes' relative priority and proportion in Avolon's capital structure, and the strength of the notes' asset coverage. The terms of the notes are consistent with those of Avolon Holdings Funding's existing senior unsecured debt.
Honda Motor Co. Ltd. (HMC), Mizuho Financial Group Inc. (MFG), MDU Resources Group Inc. (MDU) and ORIX Corp. (IX) have reached their three-year lows Continue reading...
Moody's Investors Service, ("Moody's") has affirmed the ratings of the following aircraft leasing companies and revised their outlooks to negative: AerCap Holdings N.V. (Baa3 backed issuer rating), Aviation Capital Group LLC (Baa2 issuer rating), Avolon Holdings Limited (Baa3 backed issuer rating), DAE Funding LLC (Baa3 backed long-term senior unsecured), Fly Leasing Limited (Ba3 corporate family rating), and Voyager Aviation Holdings, LLC (B1 corporate family rating). Moody's has also revised the review of Aircastle Limited's Baa3 long-term senior unsecured rating to review for downgrade from review direction uncertain.
Moody's Investors Service, ("Moody's") has affirmed the ratings of the following aircraft leasing companies and revised their outlooks to negative: AerCap Holdings N.V. (Baa3 backed issuer rating), Aviation Capital Group LLC (Baa2 issuer rating), Avolon Holdings Limited (Baa3 backed issuer rating), DAE Funding LLC (Baa3 backed long-term senior unsecured), Fly Leasing Limited (Ba3 corporate family rating), and Voyager Aviation Holdings, LLC (B1 corporate family rating). Moody's has also revised the review of Aircastle Limited's Baa3 long-term senior unsecured rating to review for downgrade from review direction uncertain.
ORIX Corporation USA ("ORIX USA") and Mariner Investment Group ("Mariner") today announced they have reached an agreement to sell Mariner.
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts, usually don't make them change their opinion towards a company. This time it may be different. During the fourth quarter of 2018 we observed increased volatility and a 20% drop in […]