S&P upgrades Centene Corp by one notch to reflect its improved stand-alone credit quality

CENTENNIAL: S&P Global Ratings raised long-term issuer credit rating on Centene Corp. (the holding company of the group) to ‘BBB-‘ from ‘BB+’. At the same time, S&P raised long-term financial strength ratings on Centene’s core insurance companies to ‘A-‘ from ‘BBB+’. The outlook is stable. The upgrade reflects credit-quality improvements… Continue reading

Korean Reinsurance ratings affirmed at ‘A’ following domestic issuance of subordinated securities

HONG KONG: S&P Global Ratings has affirmed its ‘A’ financial strength and long-term issuer credit ratings on Korean Reinsurance Co. (Korean Re). The outlook is stable. On Oct. 21, 2019, Korean Re’s existing subordinated capital securities were redeemed upon its exercise of a call option five years from the issue… Continue reading

Swiss real estate company PPG assigned preliminary ‘B+’ rating; outlook positive

LONDON: The S&P Global Ratings has assigned preliminary ‘B+’ long-term issuer credit rating to Swiss-Based Real Estate Company Peach Property Group AG (PPG) and preliminary ‘BB-‘ issue rating to its proposed senior unsecured notes. The preliminary rating on Peach Property Group AG (PPG) reflects the company’s relatively small portfolio size,… Continue reading

S&P revises outlook on MOL Hungarian Oil and Gas to positive

STOCKHOLM: S&P Global Ratings has revised outlook on MOL to positive from stable and affirmed ‘BBB-‘ ratings on MOL and its senior unsecured debt on MOL Hungarian Oil and Gas PLC, which intends to fund its acquisition of certain Chevron assets in Azerbaijan from available liquidity sources. Decreasing reserves and… Continue reading

S&P assigns ‘AA+’ Rating to Pennsylvania Housing Finance’s mortgage revenue bonds

SAN FRANCISCO: S&P Global Ratings has assigned ‘AA+’ long-term rating to the Pennsylvania Housing Finance Agency’s (PHFA) series 2019-131A (non-alternative-minimum tax) and series 2019-131B (alternative-minimum tax) single-family mortgage revenue bonds. These bonds are issued under PHFA’s single-family parity indenture. At the same time, S&P Global Ratings affirmed its ‘AA+’ long-term… Continue reading

Hitachi Capital (U.K.) assigned ‘A-/A-2’ Ratings with stable outlook

LONDON: S&P Global Ratings has assigned ‘A-‘ long-term and ‘A-2’ short-term issuer credit ratings to Hitachi Capital (UK) PLC (HCUK). The outlook of U.K.-based finance company is stable.vHitachi Capital (UJ) is a core subsidiary of HC Corp. HCUK has consistently contributed to group earnings and successfully developed the Hitachi brand… Continue reading

S&P upgrades Petropavlovsk’s outlook to positive

LONDON: Petropavlovsk PLC announce that following the recent ratings upgrade made by Fitch Ratings on 22 August 2019, S&P Global Ratings has upgraded the Company’s Outlook to Positive whilst affirming its B- rating. In its announcement, S&P highlighted the progress the Company has made over the past 12 months towards… Continue reading