Investing.com -- S&P Global Ratings upgraded Abu Dhabi Commercial Bank PJSC (ADCB) to ’A+’ from ’A’, citing improved asset quality and strategic balance-sheet derisking over the past four years. The short-term rating was affirmed at ’A-1’ with a stable outlook, reflecting the expectation that the bank’s strong capitalization and credit quality will continue to align with the syst ...
By Naomi Rovnick and Samuel IndykLONDON (Reuters) -German government bond yields, equities and the euro all rose on Friday on reports Germany’s Chancellor-in-waiting Friedrich Merz had reached an agreement with the Greens to reform debt rules and massively increase state borrowing.Merz’s conservatives and the Social Democrats, who are in negotiations to form a government after an election last ...
Investing.com -- Fitch Ratings has put CK Infrastructure Holdings Limited’s (CKI) Long-Term Issuer Default Rating (IDR) and senior unsecured rating of ’A-’ on positive rating watch. This move follows CK Hutchison Holdings Limited’s (CKHH) decision to place its ratings on positive watch after announcing the sale of a large part of its port business.CKI’s rating is based on its Standalone ...
Investing.com -- Loop Capital lifted its rating for Chipotle Mexican Grill (NYSE:CMG) to Buy from Hold on Friday, citing a recent pullback in its share price as creating an "attractive buying opportunity". The stock has declined nearly 10% since the firm’s previous report in February, and analysts believe this offers investors an opportunity to buy into the stock at a favorable price.T ...