Investing.com -- Moody’s Ratings has lowered the Corporate Family Rating (CFR) of Braskem (NYSE:BAK) S.A. and the rating on Braskem America Finance Company’s Backed Senior Unsecured Global Bonds from Ba2 to Ba3. The outlook for both companies has been revised to stable from negative.The downgrade comes in light of ongoing weaknesses in Braskem’s credit metrics and cash generation, largely ...
Investing.com -- On Tuesday, Fitch Ratings upgraded the Long-Term Issuer Default Rating (IDR) for Willis Towers Watson plc (NASDAQ:WTW) and related entities to ’BBB+’ from ’BBB’. The ratings agency also enhanced the issue-level ratings for senior unsecured notes issued by Willis North America Inc. and Trinity Acquisition plc to ’BBB+’ from ’BBB’. The Rating Outlook remains stable.T ...
Investing.com -- Fitch Ratings has revised the outlook for Forward Air (NASDAQ:FWRD) Corporation and Clue Opco LLC, collectively known as FWRD, from stable to negative. The agency has also affirmed the Long-Term Issuer Default Ratings (IDRs) at ’B’ for both companies. Clue Opco’s senior secured credit facilities and notes have been affirmed at ’B+’ with a Recovery Rating of ’RR3’.The ...
BERLIN (Reuters) - The Volkswagen (ETR:VOWG_p) Group more than doubled its deliveries of battery-electric cars in Europe in the first quarter to over 150,000 from 74,400 in the same period last year, the carmaker said on Wednesday, in another sign that EV demand is picking up.Orders for Volkswagen vehicles, both electric and combustion engine, rose 29% in Western Europe compared to last year, Volk ...