Investing.com -- Moody’s Ratings has announced a downgrade of Azul S.A.’s corporate family rating (CFR) to Ca from Caa2. The downgrade extends to Azul Secured Finance LLP and Azul Investments LLP, with the rating of the backed senior secured first lien debt due 2028, the backed senior secured debts due 2029 and 2030, and the backed senior unsecured debt ratings all downgraded to Ca from Caa3. ...
Investing.com -- Moody’s Ratings has upgraded the long-term corporate family rating (CFR) of Seplat Energy Plc (Seplat) to B2 from Caa1 today. The probability of default rating (PDR) has also been raised to B2-PD from Caa1-PD. The outlook has been changed to stable from positive.The upgrade follows Moody’s decision on May 30, 2025, to upgrade Nigeria’s government bond rating to B3 from Caa1. ...
By Kanchana Chakravarty and Sukriti Gupta (Reuters) -U.S. stock indexes rose on Tuesday, helped by gains in Nvidia (NASDAQ:NVDA) and other chipmakers, as investors awaited possible negotiations between the United States and its trading partners for more clarity on Washington’s tariff plans. President Donald Trump and Chinese leader Xi Jinping are set to speak this week, the White House said on M ...
(Corrects paragraph 6 to show that statistics refer to Golf production globally, not only in Wolfsburg) BERLIN (Reuters) - Volkswagen (ETR:VOWG_p)’s restructuring of its Wolfsburg plant from 2027 to make way for EV-only production could result in a temporary four-day working week at the plant, works council chief Daniela Cavallo told workers on Tuesday. Cavallo, a central figure in negotiations ...