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Fitch Affirms Colombia at 'BBB'; Outlook Negative
20 NOV 2019 05:54 PM ET



Fitch Ratings - New York - 20 November 2019:

Fitch Ratings has affirmed Colombia's Long-Term Foreign Currency Issuer Default Rating (IDR) at 'BBB' with a Negative Outlook.
 
Fitch Assigns Morocco's EUR Notes Final 'BBB-' Rating
22 NOV 2019 05:48 AM ET



Fitch Ratings - Hong Kong - 22 November 2019:

Fitch Ratings has assigned a final rating of 'BBB-' to Morocco's (BBB-/Stable) EUR1 billion 1.50% notes due 2031 (ISIN XS2080771806 (Reg S) and XS2080771988 (144A)).

The final rating is in line with the expected rating assigned on 18 November 2019.
 
Morocco's €1 Billion 12-Year Bond Issue Assigned 'BBB-' Rating
  • 25-Nov-2019 16:05 EST
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MADRID (S&P Global Ratings) Nov. 25, 2019--S&P Global Ratings said today that it has assigned its 'BBB-' long-term senior unsecured debt rating to the €1 billion bond, due in 2031, issued by Morocco (BBB-/Stable/A-3).
 

Mastercard Inc.'s Proposed Senior Unsecured Debt Rated 'A+'
  • 25-Nov-2019 14:28 EST
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NEW YORK (S&P Global Ratings) Nov. 25, 2019--S&P Global Ratings today said it assigned its 'A+' debt rating on Mastercard Inc.'s (A+/Stable/A-1) proposed offering of senior unsecured debt. We expect the company to use the proceeds for general corporate purposes.

The issuance should have little impact on Mastercard's leverage. We expect the company to generate roughly $10 billion of EBITDA this year and to grow revenues next year at a pace at least in the high-single digits. We also expect the company to close on its $3.1 billion acquisition of a European payments business from Nets in the first half of 2020. Our stable outlook on Mastercard reflects those expectations, as well as our belief that it will operate with debt to EBITDA below 1x, as we measure it, and EBITDA margins greater than 50%.

Mastercard's strong market position, as the operator of the second-largest retail payment network outside of China, has allowed it to benefit significantly from the growth of global consumer spending, as well as some ongoing shift to electronic payments from cash.
 
Fitch Affirms VIVAT's IDR at 'BBB'; Maintains VIVAT Schade on RWP
26 NOV 2019 09:42 AM ET



Fitch Ratings - Frankfurt am Main - 26 November 2019:

Fitch Ratings has affirmed SRLEV N.V.'s Insurer Financial Strength (IFS) Rating at 'BBB+' (Good) and VIVAT N.V.'s Issuer Default Rating (IDR) at 'BBB'. The Outlooks are Stable, reflecting Fitch's expectation that the acquisition by Athora Holding Ltd (IFS of operating subsidiaries: BBB+/Stable) will be broadly neutral to the ratings, and will be driven by our credit assessment of the Athora group.

Fitch has simultaneously maintained a Positive Rating Watch (RWP) on VIVAT Schadeverzekeringen N.V.'s (VIVAT Schade) IFS. The RWP reflects Fitch's view that a successful sale of VIVAT Schade to NN Group N.V. (IFS of operating subsidiaries: A+/Stable) would be positive to its rating due to NN's strong credit profile, its expected 'Core' strategic status and synergies with NN's existing non-life businesses.

VIVAT is the holding company of insurance operating subsidiaries SRLEV and VIVAT Schade.
 
Fitch Places Atlantia, ASPI and AdR on RWN
29 NOV 2019 12:22 PM ET



Fitch Ratings - Milan - 29 November 2019:

Fitch Ratings has placed Atlantia SpA's EUR10 billion euro medium-term note (EMTN) programme - rated senior unsecured 'BBB' - on Rating Watch Negative (RWN).

Autostrade per l'Italia Spa's (ASPI) and Aeroporti di Roma's (AdR) Long-Term Issuer Default Ratings (IDRs) of 'BBB+' have also been placed on RWN. Both ASPI and AdR are infrastructure assets managed and owned by Atlantia.

A full list of rating actions is below.
 
Fitch Rates Ford's Proposed Notes 'BBB'
04 DEC 2019 12:11 PM ET



Fitch Ratings - Chicago - 04 December 2019:

Fitch Ratings has assigned a rating of 'BBB' to Ford Motor Company's proposed senior unsecured notes due 2059. Proceeds from the notes will be used for general corporate purposes.



Ford's Long-Term Issuer Default Rating (IDR) is 'BBB', and its Rating Outlook is Negative.
 
Rating Action:
Moody's affirms BNP Paribas' Aa3 senior unsecured debt and deposit ratings; outlook remains stable

09 Dec 2019
Baseline Credit Assessment also affirmed at baa1
Paris, December 09, 2019 -- Moody's Investors Service (Moody's) today affirmed the Aa3 long-term senior unsecured debt ratings, deposit ratings and issuer rating of BNP Paribas (BNPP) as well as the Aa3 Counterparty Risk Ratings and its baa1 Baseline Credit Assessment (BCA). Moody's has also affirmed the bank's short-term ratings and assessments. The outlook on the long-term deposit, senior unsecured debt and issuer ratings remains stable.



For a full list of all affected ratings, please refer to the end of this press release.
 
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