|Bid||757.10 x 0|
|Ask||757.80 x 0|
|Day's Range||756.40 - 765.00|
|52 Week Range||680.80 - 848.50|
|Beta (5Y Monthly)||0.66|
|PE Ratio (TTM)||15.95|
|Earnings Date||Feb 10, 2020|
|Forward Dividend & Yield||16.00 (2.10%)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||1,039.20|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Royal Ten Cate 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. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Investors Service (Moody's) has today assigned a B2 corporate family rating (CFR) and a B2-PD probability of default rating (PDR) to Royal Ten Cate ('RTC' or the company). Concurrently, Moody's assigned B2 instrument ratings to the company's senior secured term loan B1, senior secured term loan B2 and the senior secured revolving credit facilities borrowed by Tennessee Acquisition B.V., the parent company of RTC group. Today's rating action incorporates the amendment of the existing senior secured facilities resulting in an increase of the TL B1 by up to EUR 130 million to around EUR equivalent 543 million outstanding and Moody's expectation that up to EUR 90 million of the proceeds from the EUR 130 million tap on the TL B1 will be distributed to RTC's shareholders.
Nissan Motor is considering asking ex-Toray Industries chief and Japan Inc heavyweight Sadayuki Sakakibara to chair its board meetings while leaving vacant the chairman post previously held by Carlos Ghosn, a source said on Thursday. Japan's No. 2 automaker is considering nominating Sakakibara, a former head of powerful business lobby Japan Business Federation, to become an external director at the general shareholders' meeting in June, the source, who has direct knowledge of the matter, told Reuters. Nissan has tasked an external committee to help improve corporate governance after the arrest and ouster of Ghosn, who faces charges of financial misconduct including understating his compensation by about $82 million over nearly a decade.