LONDON, UK: Moody’s Investor Services has improved the Tritax Big Box REIT outlook to Baa1 (positive) from Baa1 (stable) and reaffirmed the company’s long-term corporate credit rating. This reflects the Company’s growing scale, continued focus on high-quality logistics assets, supported by even stronger sector fundamentals and the benefit of controlling and owning the UK’s largest…
Category: Ratings
Corporate Ratings, Insurance Ratings, S&P, Moody’s, Fitch
Fitch affirms NewRiver REIT’s investment grade credit ratings
LONDON, UK: Fitch Ratings has affirmed NewRiver REIT plc’s Long-Term Issuer Default Rating (IDR) at ‘BBB’ with a Stable Outlook, senior unsecured rating at ‘BBB+’ and Short-Term IDR at ‘F2’. The senior unsecured rating applies to NewRiver’s £300 million unsecured bond dated 2028. This rating follows a transformative FY22 for NewRiver’s unsecured balance sheet, which…
S&P affirm credit ratings of Challenger
SYDNEY, AUSTRALIA: Challenger Limited (ASX: CGF) announced S&P Global Ratings (S&P) has recently completed its annual ratings review and affirmed the credit rating and outlook for both Challenger Life Company Limited and Challenger Limited. Challenger’s S&P ratings are as follows: • Challenger Life Company Limited – ‘A’ rating with a stable outlook; and • Challenger…
ARGAN is rated “BBB-/ stable” by S&P Global Ratings
PARIS, FRANCE: ARGAN, the only French listed real estate company specialised in the development and the rental of premium warehouses, announces it has been assigned an Investment Grade «BBB-» long-term issuer credit rating with a stable outlook by S&P Global Ratings. ARGAN wished to initiate a financial rating process in a context of diversification and…
S&P revises the outlook of Akropolis Group’s credit rating BB+ to stable
LONDON, UK: The international credit rating agency S&P Global Ratings (S&P) has positively revised the credit rating outlook of Akropolis Group, the leading shopping and entertainment centre development and management company in the Baltic countries. S&P announced on 26 October that it had revised the BB+ outlook on the issuer’s long-term credit rating to stable,…
American Road Insurance Company has a stable outlook
DEARBORN, MICHIGAN: The American Road Insurance Company (TARIC) is part of an insurance holding company system wholly owned by Ford Motor Credit Company. It operates as a property and casualty insurance company. Global insurance rating agency, AM Best affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent)…
Abu Dhabi National Insurance Company assigned excellent credit ratings
DUBAI, UAE: AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent) to Abu Dhabi National Insurance Company P.J.S.C. (ADNIC). The outlook assigned to these Credit Ratings is stable. Abu Dhabi National Insurance Company has been assigned a financial strength rating of A (Excellent) and…
Moody’s upgrades Sparebanken Vest’s Senior Preferred debt and Deposit ratings to Aa3
OSLO, NORWAY: Moody’s Investors Service (Moody`s) has today upgraded the bank’s long-term deposit, Senior Preferred debt and counterparty ratings and assessment to Aa3. The rating of the bank’s Senior Non Preferred debt is affirmed at A3. The deposit and senior unsecured ratings carry a stable outlook. According to Moody’s, the rating upgrade reflects continued improvement…
Fitch assigns Heimstaden Bostad a BBB Rating
OSLO, NORWAY: Fitch Ratings has initiated coverage of Heimstaden Bostad and assigned an investment grade rating of ‘BBB’ with stable outlook.The rating takes into consideration Heimstaden Bostad’s recently announced acquisition of Akelius’ German, Swedish and Danish residential properties and operations. Key attributes highlighted by Fitch include: Strong position as one of the leading residential property…
Fitch affirms Iceland at ‘A’; outlook negative
REYKJAVÍK, ICELAND: Fitch Ratings has affirmed Iceland’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A’ with a Negative Outlook. The ‘A’ rating is driven by Iceland’s very high income per capita, very strong governance, human development and doing business indicators that are more consistent with those of ‘AAA’ and ‘AA’ rated countries. The rating is…