As a result, Moody's incorporates two notches of rating uplift based on its government support assumptions, from DBSA's stand-alone credit profile of ba2, which aligns its issuer rating with South Africa's rating of Baa3
New York: Moody's today affirmed Jefferies Group LLC ("Jefferies", long-term debt at Baa3
) and its wholly owned broker-dealer subsidiaries (issuer ratings at Baa2)'s senior debt, preferred stock, senior unsecured shelf ratings and issuer ratings following the firm's announcement of a net loss of $167 million for the first quarter of 2016.
Stock Non-cumulative rating (foreign currency): Upgraded to Baa3
Moody's Investors Service has today upgraded the issuer ratings of the Metropolitan Municipalities of Istanbul and Izmir to Baa3
28 November 2011 -- Moody's raised Monday the long-term and short-term foreign-currency deposit ratings on Chinese lender Shanghai Pudong Development Bank (SHA:600000), or SPDB, to Baa3
from Ba1 and to Prime-3 from Non-Prime, respectively.
As regards the long-term foreign currency deposit rating of Baa3
, which is currently constrained by the foreign currency deposit ceiling for Bulgaria, it could become aligned with the local currency deposit rating, should the latter be lowered.
Moody's has given Baa3
and Ba1 ratings to Bahrain-based United Gulf Bank's (UGB) senior unsecured and subordinated notes to be issued under $1 billion Euro Medium-Term Note (EMTN) Programme.
Moody's assigns a Baa2 issuer rating and Prime-2 short-term issuer rating to Daiwa Securities Co., Baa1 senior unsecured debt and issuer ratings and Prime-2 short-term issuer rating to Daiwa Securities SMBC Co., and a Baa3
senior unsecured debt rating to Daiwa Securities Group.
- Guardrisk Insurance Company Limited (and related Guardrisk entities): Baa3
Insurance Financial Strength, review for downgrade
New York: Moody's Investors Service ("Moody's") has assigned a Baa3
senior unsecured rating to Total System Services, Inc.'s ("TSYS") proposed notes offering.
Moody's Investors Service has downgraded the long-term foreign-currency issuer rating of the Croatian Bank for Reconstruction and Development (known as Hrvatska banka za obnovu i razvitak or HBOR) to Ba1, from Baa3
. Similarly, Moody's downgraded the provisional (P) rating on HBOR's backed senior unsecured medium-term note programme to (P)Ba1 from (P)Baa3.
In particular, the agency withdrew ANA's Baa3
issuer rating as well as the Baa3
ratings on its EUR100m (USD139.9m) senior unsecured notes due 2016 and on ANAM's EUR50m unsecured bonds due 2014, which benefit from a parental cover.