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Investing.com -- S&P Global Ratings has upgraded AZZ Incorporated's (NYSE:AZZ) issuer credit rating to ‘BB’ from ‘BB-’, citing accelerated debt repayment and sustained improvements in the company's leverage profile. The rating agency also raised its issue-level rating on the company’s senior secured debt to ‘BB+’ from ‘BB’, while maintaining a ‘2’ recovery rating.
Companies that consistently increase their dividends outperform those that do not, and S&P Global is an excellent example of one such stock that has delivered for investors.
S&P Global Ratings on Aug. 21 downgraded Leslie’s Inc. (Nasdaq: LESL) to CCC-, from CCC, retaining a negative outlook, after the company said earlier this month that it has “begun exploring strategic alternatives” with certain stakeholders. S&P believes the alternatives could include an exchange that the agency would consider “distressed.” S&P also downgraded the company’s term loan due March 2028, a constituent of the Morningstar LSTA US Leveraged Loan Index, to CCC-, from CCC. S&P projects a 7
XPO has had its debt rating upgraded by S&P Global Ratings. The post XPO upgraded by S&P, just one notch below investment-grade appeared first on FreightWaves.
AMC Entertainment (AMC) has received one of the clearest signs yet that its financial position is improving. S&P Global Ratings raised the issuer credit rating of the movie theater operator to B- from CCC+ with a stable outlook. The ratings firm pointed to improved operating performance, ...
Investing.com -- S&P Global Ratings affirmed the U.S.’s long-term sovereign credit rating at AA+ with a stable outlook, Bloomberg reported on Friday, citing the country’s resilient economy and expectations that fiscal deficits will remain elevated but stable.
Wolverine World Wide (WWW) is back in focus after reshaping leadership in its Work Group and receiving a credit rating upgrade from S&P Global Ratings, putting governance and balance sheet quality in the spotlight for stock watchers. See our latest analysis for Wolverine World Wide. Recent leadership changes and S&P’s upgraded credit rating come as Wolverine World Wide trades at US$17.01, with a 1 month share price return of 4.94% but a year to date share price decline of 6.59%, while the 1...
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