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Ratings & Analysis: Fitch’s rising stars accelerate upgraded debt levels

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Changing credit ratings for three North American issuers in Q3 2025 pushed upgraded debt levels above downgraded debt in its global corporate portfolio, Fitch...

Origination: Chevron issues US$5.5bn as revenue slumps

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Chevron issued US$5.5 billion of notes in August after a disappointing second quarter. The energy giant reported US$44.8 billion in revenues in Q2 2025, a...

Ratings & Analysis: First Brands Group issuer ratings plunge

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Autopart supplier First Brands Group has plummeted in credit agency ratings, declaring bankruptcy in the US. Fitch dropped the company from B to CCC last...

Rules & Ratings: France falls in Fitch’s ratings

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France has suffered a blow to its credit ratings, downgraded by Fitch to AA- from A+ with a stable outlook. A catalyst for this change...

Origination: Goldman prices US$400 million in notes

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Goldman Sachs has priced US$400 million in unsecured notes, due 2030. The notes have a 5.650% coupon and are expected to be delivered around 9...

Rules & Ratings: Delta gets a positive outlook upgrade at Fitch

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Fitch Ratings has revised Delta Art Lines’ credit rating outlook from stable to positive, and affirmed its BBB- long-term Issuer Default Rating (IDR). This change...

What Mexico’s vol risk means for trading LatAm bonds

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In Latin American (LatAm) markets, economic volatility may transfer into market volatility – most notably in Mexico. In order to manage risk and seize opportunities...

Rules and ratings: S&P gives the nod to US administration’s new...

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S&P Global Ratings has affirmed the United States’ credit rating of ‘AA+/A-1+’ with a stable outlook, explicitly linking the decision to the administration’s tariff...

Origination: Carnival eyes IG market with €1 billion issuance

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Carnival Corporation and plc have closed their €1 billion senior unsecured notes private offering. The senior unsecured notes have a coupon of 4.125% and...

Rules & Ratings: EM credit risk on the rise, says Fitch

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Fitch Ratings has revised its sector outlooks for APAC, Eastern Europe and Sub-Saharan Africa sovereign to ‘deteriorating’ from ‘neutral’ as credit risk rises. Credit risk...

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