Moody's Upgrades ECOWAS Development Bank BIDC to B1, One Step Closer to Investment Grade
Markets

Moody's Upgrades ECOWAS Development Bank BIDC to B1, One Step Closer to Investment Grade

Moody's has lifted BIDC to B1 with a stable outlook, citing capital strength and AfDB's new institutional stake. The upg...

Yael Ben-David 👁 54 💬 0
Sammaan Capital maps path to ₹50,000–92,000 crore annual disbursements by FY29-FY30
Companies

Sammaan Capital maps path to ₹50,000–92,000 crore annual disbursements by FY29-FY30

Backed by IHC capital and recent rating upgrades, Sammaan Capital plans a sharp expansion in branches, staff and retail ...

Declan Byrne 👁 77 💬 0
Fitch Cuts UWM to B+ as $451.9M Loss and Debt Surge Push Leverage to 6.1x
Companies

Fitch Cuts UWM to B+ as $451.9M Loss and Debt Surge Push Leverage to 6.1x

Fitch downgraded United Wholesale Mortgage to B+ from BB- after a second-quarter net loss of $451.9 million, a $603 mill...

Declan Byrne 👁 30 💬 0
Bosnia Credit Rating Held at B+ by S&P, but Election Spending Seen Widening Deficit
Economy

Bosnia Credit Rating Held at B+ by S&P, but Election Spending Seen Widening Deficit

S&P Global Ratings affirmed Bosnia’s B+ sovereign rating with a stable outlook, yet warned that pre-election handouts co...

Niamh O'Sullivan 👁 34 💬 0
Argentine Stocks Rise for Fourth Day as Moody’s Upgrade Fuels Rally
Markets

Argentine Stocks Rise for Fourth Day as Moody’s Upgrade Fuels Rally

The S&P Merval gains 1.3% and dollar-denominated ADRs climb after Moody’s lifted Argentina’s sovereign rating. Energy st...

Yael Ben-David 👁 54 💬 0