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Debt-financed M&A may push firms to shed assets: Tibergien
Following Cetera's announcement that it was going to buy Avantax, two ratings agencies put the debt of Cetera's parent, Aretec Group Inc., on review.
S&P cuts CI Financial to junk
The downgrade reflects S&P’s expectation that CI will operate with debt of 4 to 5 times EBITDA over the next year.
UBS credit outlook cut to negative by S&P, Moody’s following Credit Suisse deal
In addition, Fitch places UBS on rating watch negative due to uncertain implications of the acquisition on the combined credit profile of the two banks.
S&P, Fitch downgrade First Republic Bank to junk
Both credit assessors said further downgrades are possible as the bank faces deposit outflows that could affect its liquidity profile and ramps up wholesale borrowing.
Sustainable bond market on track for a better year
Green bonds will drive sales, and sustainability-linked bonds are facing a test, S&P found.
S&P to pay $2.5 million to settle SEC conflict-of-interest charges
The securities watchdog’s order asserted that the rating of a mortgage-backed security deal in 2017 was at issue.
