|Bid||0.00 x 1000|
|Ask||0.00 x 900|
|Day's Range||17.41 - 18.33|
|52 Week Range||11.45 - 26.79|
|Beta (5Y Monthly)||2.20|
|PE Ratio (TTM)||3.50|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 10, 2019|
|1y Target Est||N/A|
Banco Macro (BMA) has moved higher as of late, but there could definitely be trouble on the horizon for this company.
At this time, we would like to welcome everyone to Banco Macro's First Quarter 2021 Earnings Conference Call. Joining us from Argentina are, Mr. Gustavo Manriquez, Chief Executive Officer; Mr. Jorge Scarinci, Chief Financial Officer; and Mr. Nicolas Torres of Investor Relations. Now, I will turn the conference over to Mr. Nicolas Torres.
Rating Action: Moody's affirms Genneia's Caa3 ratings; changes outlook to stableGlobal Credit Research - 19 Apr 2021New York, April 19, 2021 -- Moody's Investors Service, ("Moody's") has today affirmed Genneia S.A.'s Caa3 corporate family rating and senior unsecured ratings and changed the outlook to stable from negative.Approximately $500 million of debt instruments affected.RATINGS RATIONALEGenneia's rating and stable outlook reflect the company's asset base and positioning as one of the main power producers in the renewable space in Argentina, with a solid operating track record and production levels, including average load factor for its wind projects of over 45%. After the completion of its investment plan early this year, Moody's anticipates the company will be able to produce a ratio of cash flow from operations before working capital changes (CFO pre-WC) to debt in the range of 20 to 25%, with a progressive debt reduction amid a prudent dividend policy.The rating and outlook also acknowledge the refinancing risk that the company faces given the upcoming maturity of its $500 million notes due January 2022, recognizing that, after achieving the completion of its growth projects early in the year, the management is now fully focused on the refinancing of the notes ahead of the maturity date.