|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||17.70 - 18.06|
|52 Week Range||16.14 - 21.72|
|Beta (3Y Monthly)||0.93|
|PE Ratio (TTM)||9.28|
|Earnings Date||Feb 20, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||0.89 (5.02%)|
|1y Target Est||19.86|
Examining CNP Assurances SA's (EPA:CNP) past track record of performance is a useful exercise for investors. It allows...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CNP Assurances 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.
Brazil's Caixa Economica Federal is mulling strategic partnerships for its credit card, asset management and insurance units before taking them public, Chief Financial Officer Andre Laloni said on Friday. This strategy is part of Caixa's plan to raise up to 100 billion reais from the sale of assets the unlisted state-owned lender owns or manages. Caixa has already unveiled plans to raise 15 billion reais via initial public offerings of the three units and another one that manages Brazil's state lottery system.
Moody's Investors Service has today assigned an A3(hyb) rating to the EUR500 million dated subordinated notes due 2029 issued by CNP Assurances (CNP, rated A1 for insurance financial strength, stable outlook) under its EUR7 billion EMTN programme. The A3(hyb) rating of the debt reflects (i) the ranking of the debt (subordinated), (ii) the mandatory coupon deferral mechanism (in case of breach of regulatory capital requirements) and (iii) the cumulative nature of deferred coupons, in case of deferral. The new subordinated debt will rank pari passu with existing Tier 2 and Tier 3 subordinated debt issued by CNP, but will rank senior to the restricted Tier 1 debt issued in 2018.