|Bid||780.00 x 0|
|Ask||800.00 x 0|
|Day's Range||782.60 - 799.20|
|52 Week Range||525.00 - 968.80|
|Beta (5Y Monthly)||1.06|
|PE Ratio (TTM)||23.60|
|Earnings Date||Mar 17, 2020|
|Forward Dividend & Yield||25.50 (3.21%)|
|Ex-Dividend Date||May 15, 2020|
|1y Target Est||825.10|
Moody's Investors Service, ("Moody's") has changed the outlook on Fermaca Enterprises S. de R.L. de C.V. ("Fermaca") to negative from stable and affirmed its assigned rating of Baa2. The change in outlook reflects the company's exposure to weaker counterparty credit profile. The change in rating outlook to negative reflects the substantial linkages of Fermaca to Mexican government-owned counterparties, mainly Comisión Federal de Electricidad ("CFE"; Baa1 negative) and to a much lesser extent Petróleos Mexicanos ("PEMEX"; Ba2 negative) which was recently downgraded to Ba2 from Baa3.
Moody's Investors Service, ("Moody's") changed Confluent Health, LLC's ("Confluent") outlook to negative from stable and affirmed its B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating, B3 Senior secured first lien revolving credit facility rating, and B3 senior secured first lien term loan rating. The change of outlook reflects the combined credit effects of the rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, falling oil prices, and asset price declines.
Moody's Investors Service, ("Moody's") downgraded KUEHG Corp.'s ("KinderCare") Corporate Family Rating ("CFR") to Caa1 from B3, Probability of Default Rating ("PDR") to Caa1-PD from B3-PD, the first lien credit facilities' instrument ratings to B3 from B2, and second lien term loan rating to Caa3 from Caa2. The downgrade reflects Moody's expectations for a significant revenue and earnings decline in 2020 due to coronavirus related center closures as well as Moody's projection for a recession in the U.S in 2020, which could have a prolonged impact on earnings given the company's business is highly dependent on the health of economy and labor market employment.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Techem Verwaltungsgesellschaft 674 mbH 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.
Moody's Investors Service ("Moody's") placed the ratings of EyeCare Partners, LLC ("ECP") under review for downgrade. The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, falling oil prices, and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets.
Moody's Investors Service ("Moody's") downgraded its ratings for Form Technologies LLC (Form Technologies), including the corporate family rating (CFR, to Caa2 from B3) and probability of default rating (to Caa2-PD from B3-PD). Concurrently, Moody's downgraded the ratings on the company's first-lien senior secured revolving credit facility and term loan (to Caa1 from B2), and its second-lien senior secured term loan (to Caa3 from Caa2). The ratings outlook is negative.
NEW YORK, NY / ACCESSWIRE / March 17, 2020 / Partners Group Holding AG (SWX:PGHN.SW) will be discussing their earnings results in their 2019 Second Half Earnings call to be held on March 17, 2020 at 9:00 ...
The B3 CFR rating continues to be supported by the company's (1) strong market positions in the relatively fragmented markets of lightweight conveyor and transmission belts; (2) broad end-market and geographical diversification; (3) integrated business model, with a large proportion of recurring replacement revenue and (4) entrenched relationships with a diverse and sticky customer base. The rating also continues to be constrained by Ammega's (1) exposure to some end-market cyclicality which are facing headwinds from the current market environment; (2) pricing pressure from the intense competition in fragmented markets; and (3) exposure to foreign-currency risks, given its strong international presence.
Moody's Investors Service, ("Moody's") today has placed the ratings of Global Blue Finance S.à r.l. This rating action follows Global Blue's announcement that it will be listed on the NYSE through a merger with Far Point Acquisition Corporation (FPAC), a special purpose acquisition company co-sponsored by the institutional asset manager Third Point LLC.
Moody's Investors Service, ("Moody's") assigned a B3 Corporate Family Rating (CFR) and B3-PD Probability of Default Rating to EyeCare Partners, LLC ("ECP"). Moody's also assigned a B2 rating to the company's proposed revolving credit facility and first lien term loans, and a Caa2 to the proposed second lien term loan. Proceeds from the transaction will be used to fund Partners Group's purchase of ECP from FFL Partners and pay for fees and expenses associated with the transaction.
Moody's Investors Service, ("Moody's") today assigned a B1 rating to the proposed EUR600 million senior secured notes to be issued by Techem Verwaltungsgesellschaft 675 mbH. At the same time Moody's affirmed the B2 corporate family rating (CFR) and the B2-PD probability of default rating (PDR) of Techem Verwaltungsgesellschaft 674 mbH (Techem). Moody's also affirmed the B1 rating of the senior secured first lien term loan (B and B3) maturing in 2025 and the senior secured revolving credit facility (RCF) raised by Techem Verwaltungsgesellschaft 675 mbH and the Caa1 rating of the senior secured second lien notes due 2026 raised by Techem.
Moody's Investors Service (Moody's) has today assigned a B3 corporate family rating (CFR) and B3-PD probability of default rating (PDR) to Vincent Midco BV (Vermaat or the company), a leading provider of premium catering services in The Netherlands. Concurrently, Moody's has also assigned B2 ratings to the new 320 million senior secured term loan B due 2026 and the new 110 million senior secured revolving credit facility due 2026, both to be issued by Vincent Bidco BV, a direct subsidiary of Vincent Midco BV. The B3 CFR reflects the (1) high Moody's-adjusted debt/EBITDA of 7.4x at closing of the leveraged buyout decreasing towards 6.5x over the next 12-18 months, (2) limited geographic diversification outside of The Netherlands, (3) potential competition from larger catering companies increasing their presence in the premium segment, (4) customer concentration as reflected by around a quarter of 2019 underlying revenues derived from the five largest customers, and (5) risk that material deleveraging from the closing level of 7.4x could be hindered by debt-funded bolt-on acquisitions to strengthen market positions in The Netherlands or expand in international markets such as Germany or France.
CONSHOHOCKEN, Pa., Nov. 21, 2019 /PRNewswire/ -- American Real Estate Partners (AREP), Oliver Tyrone Pulver Corporation (OTP), and Partners Group, a global investment manager, announce the groundbreaking of Seven Tower Bridge, a 14-story, 260,000-square-foot office tower scheduled to open in November 2020 in Conshohocken, the premier suburban hub in Philadelphia. The partnership has secured a lease with Hamilton Lane (NASDAQ: HLNE), a global private markets asset management firm, to occupy 130,000 square feet of Seven Tower Bridge beginning in 2021.
Hearthside Food Solutions (“Hearthside”), a leading contract manufacturer and the largest private bakery in the US, announced today the promotion of Chuck Metzger to the position of Chief Executive Officer. Founder Rich Scalise will remain active in the business as Chairman of the Board. “The addition of Chuck Metzger to our management team has allowed us to execute our long-term succession plan and I am now stepping back from day-to-day leadership to focus my efforts on strategy and M&A as the Chairman of the Board,” said Mr. Scalise.