|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||49.72 - 51.36|
|52 Week Range||33.91 - 51.47|
|Beta (5Y Monthly)||1.16|
|PE Ratio (TTM)||14.69|
|Forward Dividend & Yield||2.64 (5.38%)|
|Ex-Dividend Date||Mar 22, 2022|
|1y Target Est||N/A|
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Rating Action: Moody's assigns B2 CFR to Foley Products Company; assigns B2 to new senior secured credit facilities; outlook stableGlobal Credit Research - 26 Jan 2022First time ratings on $405 million credit facilitiesNew York, January 26, 2022 -- Moody's Investors Service ("Moody's") assigned a first time B2 corporate family rating (CFR) and B2-PD probability of default rating to Foley Products Company, LLC ("Foley"). Moody's also assigned a B2 rating to the new senior secured first lien credit facilities, including a $370 million term loan and $35 million revolving credit facility issued by Foley and FPC Holdco, LLC, Foley's direct parent, as co-borrowers.
Rating Action: Moody's affirms El Corte Ingles' ratings; outlook changed to stableGlobal Credit Research - 26 Jan 2022Paris, January 26, 2022 -- Moody's Investors Service ('Moody's') today affirmed El Corte Ingles, S.A.'s ("ECI", "group" or the "company") Ba1 long-term corporate family rating (CFR), its Ba1-PD probability of default rating (PDR) and its Ba1 guaranteed senior unsecured notes. "The better than expected operating performance is thanks to lower than expected barriers to shopping related to the pandemic, strong consumer demand and management's successful cost reduction and growth measures implemented in the last 12 months" added Mr. Bozzano.RATINGS RATIONALEThe change in outlook to stable reflects Moody's expectations of deleveraging given ECI's recent commitment to use the majority of the EUR1,105 million proceeds it will receive from the sale of 50.1% of its insurance business and 8% of its shares to Mutua Madrilena (MM) to repay debt.
Golden will minimize the risk of an interest rate and currency mismatch by entering into a cross-currency and interest rate swap agreement related to the Notes, with RBC as swap counterparty.The expected maturity date of the securities is 16 January 2024, and the legal maturity date is 15 January 2026.The assets of Golden consist of co-ownership interests in credit card receivables originated and serviced by RBC.Summary of Analytical OutputsMoody's Aaa LGSD and the Aaa CE are 17.8% and 4.8%, respectively for this transaction. The Aaa CE reflects the level of credit enhancement consistent with a Aaa (sf) rating by haircutting the Aaa LGSD based on the CR assessment of the sponsor.Methodology Underlying the Rating Action:The principal methodology used in this rating was "Moody's Approach to Rating Credit Card Receivables-Backed Securities" published in June 2020 and available at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBS_1230126.