Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2

Dec. 7, 2017 10:04 AM ET|By: Jason Aycock, SA News Editor
CenturyLink (NYSE:CTL), up 2.9% in early going today, says it's wrapped an investigation into "cramming" that found no evidence of fraud or wrongdoing, but acknowledged failures tied to pricing, promotion and billing that ended up disappointing customers.
A special committee of its independent board members conducted the review after a former employee charged the company with sales misconduct, including charging customers for services they didn't order.
There wasn't evidence to conclude management engaged in wrongdoing, the committee said, and management didn't condone or encourage cramming that wasn't common at the company.
But some products were "complex and caused confusion, and the resulting bills sometimes failed to meet customer expectations," the company says, and software limitations made it difficult to clearly estimate bills for customers.
Also, some customers didn't receive an offered point-of-sale discount due to "systems and human errors" and those problems weren't resolved in a timely manner.
 
London, 07 December 2017 -- Moody's Investors Service has changed to positive from stable the outlook on all the ratings of ArcelorMittal, the world's largest steel company. At the same time, the rating agency has affirmed ArcelorMittal's Ba1 corporate family rating (CFR) and Ba1-PD probability of default rating (PDR), as well as the company's Ba1 senior unsecured ratings and (P)Ba1 senior unsecured MTN program and shelf ratings. Additionally, Moody's has affirmed the Non-Prime (NP) and (P)NP short-term ratings.

"The outlook change to positive from stable reflects ArcelorMittal's strengthening credit profile on the back of improved market conditions, successful efforts to reduce debt and expectations that its free cash flow will turn positive in 2017-18," says Gianmarco Migliavacca, a Moody's Vice President -- Senior Credit Officer and lead analyst for ArcelorMittal.

The positive outlook incorporates Moody's revised forecast for adjusted gross debt/EBITDA, which should reduce to a level below 3x by end-2017 and into 2018. It also reflects the rating agency's expectation that free cash flow will become materially positive in Q4 2017 and into 2018, even after assuming a modest negative initial impact on credit metrics and cash flows from the acquisition of Ilva, which Moody's assumes will be completed during H1 2018.
 
Moody's changes outlook on Altice Luxembourg's B1 CFR to negative from stable
Moody's changes outlook on Altice International's B1 CFR to negative from stable
 
che mo basta bitcoin, i prossimi verranno segati
non mi offendo mica :rotfl:
il btc mi fa già questo effetto :godo:

è un OT, chiaro che la moderazione segherà gli OT sui bitcoin,
spero non seghi anche gli altri utili OT di questa sezione o_O

@Luca: certo come tutti gli OT è fuori tema quindi ti vai a cercare il 3d sui btc e scrivi lì, solo che dato che vanno molto le chat telegram sul tema i forum internet sono alquanto asfittici. Se vuoi e se sei interessato per altri canali scrivimi in privato :tutti:
 

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