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Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Tapestry, Inc. New York, June 13, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Tapestry, Inc. 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.
Simon Property's (SPG) residential project Parkside at Round Rock will offer 43 apartment units and will open in early 2020.
A London football club has appointed an artificial intelligence coach to select its team's formation and tactics. Non-league Wingate and Finchley FC, who play in the seventh tier of English football, partnered with AI firm The Big Bang Fair to install the AI coach in an effort to get an edge over rivals. The AI "coach" is designed to learn on the job, meaning it evolves its thinking over the course of a season based on results.
Patrick Mouratoglou admitted gesturing to Williams from the stands during her match with Japan's Naomi Osaka -- in contravention of U.S. Open and other grand slam tournament rules -- but the American was left incensed at the umpire's strict interpretation of the rule. The debate was fuelled by Williams's and others assertions that an umpire would not have dealt with a male player in the same way. Coaching during matches is permitted in some women's events, but grand slam tournaments are among those which do not allow it.
Michael Kors isn’t hiding its ambition to build a global luxury conglomerate in the style of Europe’s powerhouses. It already made a deal last year to acquire high-end shoemaker Jimmy Choo, and in closing out the company’s recent earnings call with investors, CEO John D. Idol said the company was continuing to look for “strategic…
Moody's Investors Service, ("Moody's") today affirmed Tapestry, Inc.'s Baa2 senior unsecured rating and changed the ratings outlook to stable from negative. "Tapestry had made progress in the integration of its acquisition of Kate Spade and has repaid $1.1 billion in debt associated with the acquisition.
The ratings on seven P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR), and the transaction's Herfindahl Index (Herf) are within acceptable ranges. Moody's rating action reflects a base expected loss of 4.6% of the current pooled balance, compared to 5.0% at Moody's last review. Moody's base expected loss plus realized losses is now 4.5% of the original pooled balance, compared to 4.9% at the last review.
Moody's Investors Service affirmed the ratings on six classes of Hudson Yards 2016-10HY Mortgage Trust, Commercial Mortgage Pass-Through Certificates. Moody's rating action is as follows: Cl. A, Affirmed ...