Investing.com -- S&P Global Ratings has upgraded the credit rating of U.S.-based Carvana Co (NYSE:CVNA). to ’B’ from ’B-’ due to ongoing improvements in performance and stronger credit metrics. The company’s senior secured debt rating has also been upgraded to ’B’ from ’B-’, and its senior unsecured debt to ’CCC+’ from ’ CCC (WA:CCCP)’. The positive outlook indicat ...
Investing.com -- Moody’s Ratings has confirmed the Baa3 deposit ratings of Bank of Nanjing Co., Ltd., adjusting the bank’s outlook from positive to stable. The bank’s long-term and short-term local and foreign currency deposit ratings, as well as its Baseline Credit Assessment (BCA) and Adjusted BCA, remain unchanged.The affirmation of the ratings reflects the bank’s robust asset quality a ...
Investing.com -- S&P Global Ratings upgraded Abu Dhabi Commercial Bank PJSC (ADCB) to ’A+’ from ’A’, citing improved asset quality and strategic balance-sheet derisking over the past four years. The short-term rating was affirmed at ’A-1’ with a stable outlook, reflecting the expectation that the bank’s strong capitalization and credit quality will continue to align with the syst ...
By Naomi Rovnick and Samuel IndykLONDON (Reuters) -German government bond yields, equities and the euro all rose on Friday on reports Germany’s Chancellor-in-waiting Friedrich Merz had reached an agreement with the Greens to reform debt rules and massively increase state borrowing.Merz’s conservatives and the Social Democrats, who are in negotiations to form a government after an election last ...