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Showing posts from February 4, 2019

FE Investments Ltd. 'B' Rating Placed On CreditWatch Negative

Contrary to our previous expectations, the FEI consolidated group has been unable to raise its risk-adjusted capital ratio above 15%. We believe that the group also faces challenges in lifting its capital levels. We are placing our 'B' long-term rating on FEI on CreditWatch with negative implications. We see a one-in-two chance that we will lower our long-term rating on the finance company to 'B-' in the next three months. MELBOURNE (S&P Global Ratings) Feb. 5, 2019--On Feb. 5, 2019, S&P Global Ratings placed its 'B' long-term issuer credit rating on FE Investments Ltd. (FEI) on CreditWatch with negative implications. The CreditWatch placement reflects a one-in-two chance that we will lower our long-term rating on FEI to 'B-' in the next three months. Contrary to our previous expectations, the FEI group has been unable to raise its risk-adjusted capital (RAC) ratio (based on S&P Global Ratings' bank capital methodology)

Orem, UT GO Bond Rating Raised To 'AA+' On Economic Growth, Strong Financial Performance

CENTENNIAL (S&P Global Ratings) Feb. 4, 2019--S&P Global Ratings raised its long-term rating to 'AA+' from 'AA' on Orem, Utah's general obligation (GO) bonds outstanding. The outlook is stable. "The raised rating reflects our view of the city's economic growth, spurred by growth in the technology sector," said S&P Global Ratings credit analyst David Mares. "The city has utilized this growth to maintain a strong financial performance and very strong budgetary flexibility in recent history," Mr. Mares added. The rating further reflects our view of the city's: Adequate economy, with access to a broad and diverse metropolitan statistical area (MSA); Strong management, with "good" financial policies and practices under our financial management assessment methodology; Strong budgetary performance, with operating surpluses in the general fund and at the total governmental fund level in fiscal 2018; Very str

Dufur School District No. 29 (Wasco County), OR GO Bonds Assigned Various Ratings

SAN FRANCISCO (S&P Global Ratings) Feb. 4, 2019--S&P Global Ratings assigned its 'AA+' long-term rating and 'A' underlying rating to Dufur School District No. 29 (Wasco County), Ore.'s series 2019 general obligation (GO) bonds. The outlook is stable. The district will have about $4.1 million in governmental debt at the end of fiscal 2019. "The rating reflects our opinion of the district's adequate-to-good income profile and extremely strong market value per capita, growing student population, monthly budget-to-actual monitoring, and moderate-to-low debt ratios," said S&P Global Ratings credit analyst Chris Morgan. Proceeds of the district's bonds will fund a variety of school facility improvements, including climate control upgrades, circulation changes to improve access safety, and upgrades to its Petersburg campus in preparation for an expansion. The stable outlook reflects our view that the district will continue to be

JFK International Air Terminal LLC Rating Raised To 'BBB+' On Robust Operations, Criteria Reassessment; Outlook Stable

We are raising our rating to 'BBB+' from 'BBB' on the Port Authority of New York and New Jersey's (PANYNJ) senior secured series 6 and 8 special project bonds issued for JFK International Air Terminal LLC (JFKIAT), which operates Terminal 4. We are raising the rating based on improving credit metrics and assessment of the transaction under our project finance criteria that captures the performance of this essential single asset. The outlook is stable. In 2018, we revised our U.S. public finance transportation criteria, and in conjunction determined that our project finance criteria are more suitable for assessing this transaction. Following completion of the Phase II expansion project in January 2015, the project successfully ramped up to full capacity, with enplanements rising by 22% in 2015, 5% in 2016, and 4% in 2017, and stable performance in 2018, generating robust debt service coverage during a period of escalating debt service requirements. Th

FOX Business’ Kennedy discusses the battle between capitalism and socialism among the political landscape. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: http://bit.ly/1HIyMaq Watch Fox Business Network Live: http://bit.ly/Y1uFAq Watch full episodes of FBN Primetime shows Lou Dobbs Tonight: http://bit.ly/2FVQ5ZD Trish Regan Primetime: http://bit.ly/2G7gnrp Kennedy: http://bit.ly/2FU7Pov Follow Fox Business on Facebook: http://bit.ly/1l8Nw7b Follow Fox Business on Twitter: https://twitter.com/foxbusiness Follow Fox Business on Instagram: http://bit.ly/2FVQ7kd

Kennedy: Populism leads to redistribution FOX Business’ Kennedy discusses the battle between capitalism and socialism among the political landscape. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: http://bit.ly/1HIyMaq Watch Fox Business Network Live: http://bit.ly/Y1uFAq Watch full episodes of FBN Primetime shows Lou Dobbs Tonight: http://bit.ly/2FVQ5ZD Trish Regan Primetime: http://bit.ly/2G7gnrp Kennedy: http://

Former special assistant to President Trump Marc Lotter weighs in. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: http://bit.ly/1HIyMaq Watch Fox Business Network Live: http://bit.ly/Y1uFAq Watch full episodes of FBN Primetime shows Lou Dobbs Tonight: http://bit.ly/2FVQ5ZD Trish Regan Primetime: http://bit.ly/2G7gnrp Kennedy: http://bit.ly/2FU7Pov Follow Fox Business on Facebook: http://bit.ly/1l8Nw7b Follow Fox Business on Twitter: https://twitter.com/foxbusiness Follow Fox Business on Instagram: http://bit.ly/2FVQ7kd

Trump to deliver message of unity at State of the Union Former special assistant to President Trump Marc Lotter weighs in. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: http://bit.ly/1HIyMaq Watch Fox Business Network Live: http://bit.ly/Y1uFAq Watch full episodes of FBN Primetime shows Lou Dobbs Tonight: http://bit.ly/2FVQ5ZD Trish Regan Primetime: http://bit.ly/2G7gnrp Kennedy: http://bit.ly/2FU7Pov Follow Fox

Russian financier Maxim Shashenkov weighs in on Russia’s ties to Venezuela. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: http://bit.ly/1HIyMaq Watch Fox Business Network Live: http://bit.ly/Y1uFAq Watch full episodes of FBN Primetime shows Lou Dobbs Tonight: http://bit.ly/2FVQ5ZD Trish Regan Primetime: http://bit.ly/2G7gnrp Kennedy: http://bit.ly/2FU7Pov Follow Fox Business on Facebook: http://bit.ly/1l8Nw7b Follow Fox Business on Twitter: https://twitter.com/foxbusiness Follow Fox Business on Instagram: http://bit.ly/2FVQ7kd

Venezuela stockpiles 5,000 long-range Russian missiles: Report Russian financier Maxim Shashenkov weighs in on Russia’s ties to Venezuela. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: http://bit.ly/1HIyMaq Watch Fox Business Network Live: http://bit.ly/Y1uFAq Watch full episodes of FBN Primetime shows Lou Dobbs Tonight: http://bit.ly/2FVQ5ZD Trish Regan Primetime: http://bit.ly/2G7gnrp Kennedy: http://bit.ly/2FU

Michael Moore says Alexandria Ocasio-Cortez is the face of the Democratic Party. FOX Business’ Trish Regan on dangers of the alt-left movement. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: http://bit.ly/1HIyMaq Watch Fox Business Network Live: http://bit.ly/Y1uFAq Watch full episodes of FBN Primetime shows Lou Dobbs Tonight: http://bit.ly/2FVQ5ZD Trish Regan Primetime: http://bit.ly/2G7gnrp Kennedy: http://bit.ly/2FU7Pov Follow Fox Business on Facebook: http://bit.ly/1l8Nw7b Follow Fox Business on Twitter: https://twitter.com/foxbusiness Follow Fox Business on Instagram: http://bit.ly/2FVQ7kd

Trish Regan: Why the alt-left must be stopped Michael Moore says Alexandria Ocasio-Cortez is the face of the Democratic Party. FOX Business’ Trish Regan on dangers of the alt-left movement. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: http://bit.ly/1HIyMaq Watch Fox Business Network Live: http://bit.ly/Y1uFAq Watch full episodes of FBN Primetime shows Lou Dobbs Tonight: http://bit.ly/2FVQ5ZD Trish Regan Primetim

RNC Chairwoman Ronna McDaniel joins 'Lou Dobbs Tonight' to sound off on the bureaucracy in Congress over border wall funding. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: http://bit.ly/1HIyMaq Watch Fox Business Network Live: http://bit.ly/Y1uFAq Watch full episodes of FBN Primetime shows Lou Dobbs Tonight: http://bit.ly/2FVQ5ZD Trish Regan Primetime: http://bit.ly/2G7gnrp Kennedy: http://bit.ly/2FU7Pov Follow Fox Business on Facebook: http://bit.ly/1l8Nw7b Follow Fox Business on Twitter: https://twitter.com/foxbusiness Follow Fox Business on Instagram: http://bit.ly/2FVQ7kd

Trump national emergency declaration may face GOP pushback RNC Chairwoman Ronna McDaniel joins 'Lou Dobbs Tonight' to sound off on the bureaucracy in Congress over border wall funding. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: http://bit.ly/1HIyMaq Watch Fox Business Network Live: http://bit.ly/Y1uFAq Watch full episodes of FBN Primetime shows Lou Dobbs Tonight: http://bit.ly/2FVQ5ZD Trish Regan Prime

Texas Attorney General Ken Paxton says his state is struggling with human trafficking along the southern border. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: http://bit.ly/1HIyMaq Watch Fox Business Network Live: http://bit.ly/Y1uFAq Watch full episodes of FBN Primetime shows Lou Dobbs Tonight: http://bit.ly/2FVQ5ZD Trish Regan Primetime: http://bit.ly/2G7gnrp Kennedy: http://bit.ly/2FU7Pov Follow Fox Business on Facebook: http://bit.ly/1l8Nw7b Follow Fox Business on Twitter: https://twitter.com/foxbusiness Follow Fox Business on Instagram: http://bit.ly/2FVQ7kd

Pentagon to deploy 3,750 US troops along southern border Texas Attorney General Ken Paxton says his state is struggling with human trafficking along the southern border. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: http://bit.ly/1HIyMaq Watch Fox Business Network Live: http://bit.ly/Y1uFAq Watch full episodes of FBN Primetime shows Lou Dobbs Tonight: http://bit.ly/2FVQ5ZD Trish Regan Primetime: http://bit.ly/2G7

Amazon CEO and Washington Post owner Jeff Bezos is coming under fire from within the paper for spending reportedly close to $10 million on the Super Bowl LIII ad. “MediaBuzz” host Howard Kurtz with more details. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: http://bit.ly/1HIyMaq Watch Fox Business Network Live: http://bit.ly/Y1uFAq Watch full episodes of FBN Primetime shows Lou Dobbs Tonight: http://bit.ly/2FVQ5ZD Trish Regan Primetime: http://bit.ly/2G7gnrp Kennedy: http://bit.ly/2FU7Pov Follow Fox Business on Facebook: http://bit.ly/1l8Nw7b Follow Fox Business on Twitter: https://twitter.com/foxbusiness Follow Fox Business on Instagram: http://bit.ly/2FVQ7kd

Jeff Bezos faces backlash for Washington Post Super Bowl ad Amazon CEO and Washington Post owner Jeff Bezos is coming under fire from within the paper for spending reportedly close to $10 million on the Super Bowl LIII ad. “MediaBuzz” host Howard Kurtz with more details. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: http://bit.ly/1HIyMaq Watch Fox Business Network Live: http://bit.ly/Y1uFAq Watch full episodes of

Buckhorn Park CLO Ltd. Notes Assigned Preliminary Ratings

Buckhorn Park CLO Ltd.'s issuance is a CLO transaction backed by primarily broadly syndicated speculative-grade (rated 'BB+' and lower) senior secured term loans that are governed by collateral quality tests. We assigned our preliminary ratings to the class A-1, B-1, B-2, C, D, and E notes. The preliminary ratings reflect our view of the transaction's diversified collateral pool, credit enhancement, and legal structure, among other factors. NEW YORK (S&P Global Ratings) Feb. 4, 2019--S&P Global Ratings today assigned its preliminary ratings to Buckhorn Park CLO Ltd.'s floating- and fixed-rate notes(see list). The note issuance is a collateralized loan obligation (CLO) transaction backed by primarily broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality tests. The preliminary ratings are based on information as of Feb. 4, 2019. Subsequent information may result in the assignment of final rat

Resolute Investment Managers Inc. 'B+' Rating Affirmed; Outlook Remains Stable

Our assessment of Resolute incorporates its small market position, AUM (assets under management) equity concentration, and growth through mergers and acquisitions. We anticipate leverage averaging 4.0x–4.5x. We are affirming our 'B+' issuer credit rating on Resolute as well as our 'B+' rating on its first-lien term loan and our 'B-' rating on its second-lien term loan. Our outlook remains stable, reflecting our view that the company will undergo modest growth without debt-based acquisitions. NEW YORK (S&P Global Ratings) Feb. 4, 2019--, S&P Global Ratings today affirmed its 'B+' issuer credit rating on Resolute Investment Managers Inc. The outlook on the issuer credit rating remains stable. At the same time, we affirmed our 'B+' rating on the company's first-lien term loan and our 'B-' rating on its second-lien term loan. Our recovery rating on the first-lien loan is '3', indicating our expectation fo

Google’s parent company Alphabet released its quarterly earnings, topping estimates. Fox News contributor Jonas Max Ferris, Fortune’s Adam Lashinsky, FOX Business’ Deirdre Bolton and Ashley Webster break down the numbers

Google Alphabet earnings beat expectations Google’s parent company Alphabet released its quarterly earnings, topping estimates. Fox News contributor Jonas Max Ferris, Fortune’s Adam Lashinsky, FOX Business’ Deirdre Bolton and Ashley Webster break down the numbers. Other stories about: Google Alphabet earnings beat expectations

Former Commerce Secretary Carlos Gutierrez says the soybean industry has been impacted for years to come.

 Former Commerce Secretary Carlos Gutierrez says the soybean industry has been impacted for years to come. Other stories about: China soy purchase is just good will gesture: Ex-Commerce Secretary

Various Rating Actions Taken On 87 Classes From 22 U.S. RMBS Transactions

We reviewed 87 ratings from 22 U.S. RMBS transactions issued between 2000 and 2007. All of these transactions are backed by subprime, re-performing, and outside-the-guidelines collateral. Of the 87 ratings, we raised seven, lowered 26, and affirmed 54. NEW YORK (S&P Global Ratings) Feb. 4, 2019--S&P Global Ratings today completed its review of 87 classes from 22 U.S. residential mortgage-backed securities (RMBS) transactions issued between 2000 and 2007. All of these transactions are backed by subprime, re-performing, and outside-the-guidelines collateral. The review yielded seven upgrades, 26 downgrades, and 54 affirmations (see list). Analytical Considerations We incorporate various considerations into our decisions to raise, lower, or affirm ratings when reviewing the indicative ratings suggested by our projected cash flows. These considerations are based on transaction-specific performance or structural characteristics (or both) and their potential effec

Lemoore, CA's Series 2019 Water Revenue Bonds Assigned 'A+' Rating

CENTENNIAL (S&P Global Ratings) Feb. 4, 2019--S&P Global Ratings assigned an 'A+' rating to Lemoore, Calif.'s series 2019 water revenue bonds. The rating reflects our view of the water system's strong enterprise risk profile and very strong financial risk profile. The outlook is stable. "The stable outlook reflects our expectation that the local economy will continue to support the city's credit quality, cost for the Sustainable Groundwater Management Act implementation will remain moderate, and the system will sustain at least strong financial metrics that are in line with current projections," said S&P Global Ratings credit analyst Malcolm D'Silva. The approximately $28 million series 2019 bonds are being issued to finance capital projects of the city's water treatment, production, storage and distribution system. We view the bond provisions as adequate and credit neutral. The bonds are secured by net revenues of the water

Charlotte Russe Inc. Downgraded To 'D' From 'CCC-' On Chapter 11 Bankruptcy Filing

U.S.-based fashion retailer Charlotte Russe Inc. has filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. We are lowering our issuer credit rating on the company to 'D' from 'CCC-'. We are also lowering our issue-level rating on the company's $90 million term loan B to 'D' from 'CCC-'. The '3' recovery rating is unchanged, indicating our expectation for meaningful (50%-70%; rounded estimate: 50%) recovery. We expect to withdraw all of our ratings on Charlotte Russe after 30 days. NEW YORK (S&P Global Ratings) Feb. 4, 2019—S&P Global Ratings today took the rating actions listed above. The 'D' rating reflects Charlotte Russe's announcement today that it filed for Chapter 11 bankruptcy protection. The company's operating performance continues to dwindle as it struggles to navigate a very challenging environment. The company plans to close 94 of its over 500 locations

Paradise Redevelopment Agency, CA Tax Allocation Bond Rating Lowered To 'BB+' On Declining Revenue, Outlook Is Negative

SAN FRANCISCO (S&P Global Ratings) Feb. 4, 2019--S&P Global Ratings lowered its long-term rating to 'BB+' from 'BBB-' on Paradise Redevelopment Agency, Calif.'s series 2009 refunding tax allocation bonds and removed it from CreditWatch with negative implications, where it was placed on Nov. 9, 2018. The outlook is negative. "The downgrade reflects our view of the likelihood that the project area's assessed value will decline to the point where pledged revenue will no longer provide sufficient coverage on the series 2009 bonds. The negative outlook reflects that there is at least a one-in-three chance that we will lower the rating again, potentially by multiple notches, within the next two years," said S&P Global Ratings credit analyst Li Yang. "The negative outlook further reflects the likelihood that agency may that draw on the bond's debt service reserve fund during the next two years," Mr. Yang added. The proje

Eight Ratings Raised, 93 Affirmed On Seven New Jersey Higher Education Student Assistance Authority Series

We raised our ratings on eight bonds from New Jersey Higher Education Student Assistance Authority's 2010-1 Indenture (series 2010-1 and 2017-1) and 2012 Indenture (series 2012-1, 2013-1, 2014-1, 2015-1, and 2016-1). We also affirmed our ratings on 93 bonds from New Jersey Higher Education Student Assistance Authority's 2010-1 Indenture (series 2010-1 and 2017-1) and 2012 Indenture (series 2012-1, 2013-1, 2014-1, 2015-1, and 2016-1). The upgrades reflect the bonds' short-term maturities. The affirmations reflect our view of the credit support, parity, and pool characteristics, among other factors. The bonds are backed by a pool of private student loans made under HESAA's NJCLASS loan program. NEW YORK (S&P Global Ratings) Feb. 4, 2019--S&P Global Ratings today raised its ratings on eight bonds from series 2010-1, 2012-1, 2013-1, 2014-1, 2015-1, 2016-1, and 2017-1 issued by New Jersey Higher Education Student Assistance Authority (HESAA) out

Bridging North America General Partnership Ratings Affirmed, Outlook Negative Following Actions On Key Counterparty

Bridging North America General Partnership's (BNA's) entire design and construction risk and substantial operational risk are passed down (supported by a parent guarantee from Fluor Corp., as well as guarantees from the ACS and Aecon entities) through the concession term. Hence, the rating on the project is capped by the rating on Fluor Corp. We affirmed our 'A-' rating on BNA and revised the outlook to negative, reflecting similar actions on Fluor Corp. on Oct. 29, 2018. The negative outlook reflects our view that any downgrade on Fluor Corp. will trigger a change in the rating on Bridging North America General Partnership's notes. TORONTO (S&P Global Ratings) Feb. 4, 2019--S&P Global Ratings today took the rating actions listed above. We revised the outlook to negative following a similar action on Fluor Corp., which is a critical counterparty for the project. The rating on Bridging North America is capped by creditworthiness of Fluor Corp

North Mississippi Health Services 2010 Bond Rating Lowered To 'A+' From 'AA-' Following Criteria Application

CHICAGO (S&P Global Ratings) Feb. 5, 2019--S&P Global Ratings lowered its long-term rating on the Mississippi Hospital Equipment & Facility Authority's series 2010 bonds issued for North Mississippi Health Services (NMHS) to 'A+' from 'AA-'. We concurrently lowered our rating on the authority's series 1997-1, 2001-1, 2003-1, and 2003-2 bonds issued for NMHS to 'A+/A-1' from 'AA-/A-1+'. The outlook is stable. We based our 'A+' long-term rating component on our opinion of NMHS' credit strength. We based our 'A-1'short-term rating component on the organization's self-liquidity. The downgrade is based on the application of the revised U.S. And Canadian Not-For-Profit Acute Care Health Care Organizations criteria published March 19, 2018. "We view NMHS' underlying credit profile as stable due to management's successful implementation of a well-developed action plan that meaningfully improved

StoneMor Partners LP 'CCC+' Issuer Credit Rating Affirmed After Covenant Amendment; Outlook Remains Negative

StoneMor Partners LP has entered into its eighth credit agreement amendment. Its revolving credit facility lenders have frozen the company's access to the revolver and accelerated the revolver maturity to May 1, 2020. StoneMor obtained a $35 million last out revolving loan (bridge loan) from its largest unitholder, with the intention to draw $15 million initially. We believe that this financing should provide StoneMor with sufficient liquidity over the next 12 months. We are affirming our 'CCC+' issuer credit rating on the company. The outlook remains negative. We are also affirming our 'B' issue-level rating on the company's secured revolver and our 'CCC+' issue-level rating on the company's senior unsecured notes. Our recovery ratings of '1' and '3', respectively, are unchanged, though we have revised our recovery percentage estimate on the unsecured debt to 50% from 65% to reflect greater priority debt. The negative

Camden Property Trust Upgraded To 'A-' On Sustained Low Leverage And Solid Operating Performance, Outlook Stable

Camden Property Trust reported solid operating results for the fourth quarter of 2018 and we project that the company will continue to generate steady cash flow growth over the next two years. We believe the company remains committed to following a conservative financial policy and maintaining low debt leverage, with its credit protection measures among the strongest in our rated REIT universe. We are raising our issuer credit rating on Camden to 'A-' from 'BBB+'. The stable outlook reflects our expectation that Camden's occupancy rates will remain in line with current levels as the company continues to generate low- to mid-single-digit annual net operating income (NOI) growth over the next two years. In addition, we project that its S&P Global Ratings adjusted debt to EBITDA will rise only slightly to the mid-4x area while it sustains a debt-to-undepreciated capital ratio of around 30%. NEW YORK (S&P Global Ratings) Feb. 4, 2019—S&P Glo

Brookings Institution Senior Fellow Michael O'Hanlon with the latest on the unrest in Venezuela. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: http://bit.ly/1HIyMaq Watch Fox Business Network Live: http://bit.ly/Y1uFAq Watch full episodes of FBN Primetime shows Lou Dobbs Tonight: http://bit.ly/2FVQ5ZD Trish Regan Primetime: http://bit.ly/2G7gnrp Kennedy: http://bit.ly/2FU7Pov Follow Fox Business on Facebook: http://bit.ly/1l8Nw7b Follow Fox Business on Twitter: https://twitter.com/foxbusiness Follow Fox Business on Instagram: http://bit.ly/2FVQ7kd

Trump: Military intervention in Venezuela an 'option' Brookings Institution Senior Fellow Michael O'Hanlon with the latest on the unrest in Venezuela. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London. Subscribe to Fox Business! https://bit.ly/2D9Cdse Watch more Fox Business Video: http://bit.ly/1HIyMaq Watch Fox Business Network Live: http://bit.ly/Y1uFAq Watch full episodes of FBN Primetime shows Lou Dobbs Tonight: http://bit.ly/2FVQ5ZD Trish Regan Primetime: http://bit.ly/2G7gnrp Ke

INVISTA Equities LLC Ratings Affirmed On Successful Apparel and Advanced Textiles Spin Off

INVISTA Equities LLC has successfully completed the spin off of its apparel and advanced textiles business. We assigned ratings to this business in 2018 as Eagle Super Global Holding B. V. (d/b/a The LYCRA Co.) (B/Stable/--). We affirmed our 'BB+' issuer credit rating on INVISTA Equities and all issue and recovery ratings. Our rating continues to benefit from our view of INVISTA's strategic importance to Koch Industries Inc., the ultimate owner of INVISTA. We believe the company's business will lose some diversity without the apparel and advanced textiles business; but overall, we believe some favorable operating trends and demand strength for the retained nylon 6,6 business will offset a meaningful portion of this loss. The stable outlook reflects our expectation that the sale of the company's apparel and advanced textiles business will not hinder its performance and that it can effectively manage a more concentrated commodity business profile.

Cherokee County, AL, Series 2010-A, Series 2014-A Warrants Underlying Ratings Suspended On Lack Of Timely Information

DALLAS (S&P Global Ratings) Feb. 4, 2019--S&P Global Ratings has suspended its 'BBB-' underlying ratings (SPUR) on Cherokee County, Ala.'s series 2010-A and 2014-A general obligation warrants. At the same time, S&P Global Ratings removed the ratings from CreditWatch, where they were placed with negative implications on Dec. 21, 2018. This action follows repeated attempts by S&P Global Ratings to obtain timely information of satisfactory quality to maintain our rating on the securities in accordance with our applicable criteria and policies. Prior to suspending the ratings, S&P Global Ratings took rating actions that we considered appropriate given available information. We understand that the fiscal 2017 audit is still under review by the State of Alabama Examiners of Public Accounts as required by state law. To satisfy our quality of information standards and maintain the rating, we expected to receive the audit by year-end. If the audit

Savannah, TN GO Ratings Raised To 'AA-' On Improved Economy And Stable Finances

CENTENNIAL (S&P Global Ratings) Feb. 4, 2019--S&P Global Ratings raised its long-term rating and underlying rating (SPUR) to 'AA-' from 'A+' on Savannah, Tenn.'s existing general obligation (GO) debt. The outlook is stable. "The upgrade reflects our assessment of the city's improved economy, driven by a material decrease in the unemployment rate due to various retail and commercial developments," said S&P Global Ratings credit analyst Joyce Jung. "While the city intends to use a portion of available reserves to fund one-time capital projects in fiscals 2019 and 2020, we expect the budgetary performance to remain stable and reserves to remain very strong for the next two years." The GO ratings reflect our assessment of the following factors for the county, specifically its: Weak economy, with market value per capita of $61,742 and projected per capita effective buying income at 70.0% of the national level; Adequat

CSC Holdings LLC's New $1 Billion Senior Secured Term Loan Rated 'BB-' (Recovery Rating: '2')

NEW YORK (S&P Global Ratings) Feb. 4, 2019--S&P Global Ratings today assigned its 'BB-' issue-level rating and '2' recovery rating to Long Island City-based cable provider CSC Holdings LLC's proposed $1 billion secured term loan B-4 due 2027. The '2' recovery indicates our expectation of substantial recovery (70%-90%; rounded estimate: 70%) to lenders in the event of a payment default. The company will use proceeds to repay the remaining amount of unsecured 10.25% notes due 2023. Existing issue-level ratings are unchanged, as we continue to expect secured and guaranteed recovery prospects within the 70%-90% range, albeit at the lower end of the range pro forma for this transaction. The 'B+' issuer credit rating on parent Altice USA Inc. is unchanged as this is a leverage-neutral transaction that will modestly improve cash flow due to lower interest expense. Our positive outlook continues to incorporate an expectation for de-lev

Ratings On 12 Classes From COMM 2013-CCRE9 Mortgage Trust Affirmed

We affirmed our ratings on 12 classes from COMM 2013-CCRE9 Mortgage Trust, a U.S. CMBS transaction. The affirmations reflect our analysis of the transaction, which included a review of the credit characteristics and performance of the remaining loans in the pool, the transaction's structure, and the liquidity available to the trust. CENTENNIAL (S&P Global Ratings) Feb. 4, 2019--S&P Global Ratings today affirmed its ratings on 12 classes of commercial mortgage pass-through certificates from COMM 2013-CCRE9 Mortgage Trust, a U.S. commercial mortgage-backed securities (CMBS) transaction (see list). For the affirmations, the credit enhancement levels are in line with the affirmed ratings. While available credit enhancement levels suggest positive rating movements on class B, C, D, and E, our analysis also considered the magnitude of loans that are secured by retail properties (27 loans; $434.2 million, 39.3%). We affirmed our 'AAA (sf)' rating on the c

Discover Card Execution Note Trust Class A (2015-A) Notes Rating Reinstated

NEW YORK (S&P Global Ratings) Feb. 4, 2019--S&P Global Ratings has corrected by reinstating its 'AAA (sf)' rating on Discover Card Execution Note Trust's class A (2015-A) DiscoverSeries notes. S&P Global Ratings inadvertently withdrew this rating due to an administrative error related to redemption notifications. Since the issue is outstanding, S&P Global Ratings is reinstating the rating.

David's Bridal Inc. Issuer Credit Rating Raised To 'B-' Following Bankruptcy Emergence; New Debt Rated; Outlook Negative

David's Bridal Inc. emerged from Chapter 11 bankruptcy on Jan. 18, 2019, after initially filing for bankruptcy in November 2018. We are raising our issuer credit rating on David's Bridal to 'B-' from 'D', reflecting significantly reduced balance sheet debt and a still fairly well-recognized brand name, tempered by our expectations for uncertainty in performance trends, given the ongoing challenging competitive bridal retail landscape and execution risk associated with key strategies post emergence. We are also assigning an issue-level rating of 'B+', with a '1' recovery rating, to the company's priority $60 million term loan, and a 'B-' issue-level rating, with a '3' recovery rating, on David's Bridal's $240 million takeback term loan. The negative outlook reflects the uncertainty in David's Bridal's ability to generate sustainable positive free cash flow in a highly competitive environment, des

Independent Women's Forum Director of Policy Hadley Heath Manning on Sen. Kamala Harris', (D-Calif.), early fundraising success for her 2020 presidential bid and whether the Senator will need to take a more moderate tone in her presidential campaign.

Harris seeing early fundraising success for her 2020 bid Independent Women's Forum Director of Policy Hadley Heath Manning on Sen. Kamala Harris', (D-Calif.), early fundraising success for her 2020 presidential bid and whether the Senator will need to take a more moderate tone in her presidential campaign. Other stories about: Harris seeing early fundraising success for her 2020 bid

Daily Caller News Foundation Chris Bedford on New Jersey Democrats' efforts to get President Trump to release his tax returns.

NJ considers taking Trump off ballot if he doesn't release tax returns Daily Caller News Foundation Chris Bedford on New Jersey Democrats' efforts to get President Trump to release his tax returns. Other stories about: NJ considers taking Trump off ballot if he doesn't release tax returns

Elizabeth McFadden Named Deputy General Counsel

The Securities and Exchange Commission today announced that Elizabeth McFadden has been named Deputy General Counsel for General Law and Management of the agency. The Deputy General Counsel for General Law and Management provides daily oversight into representation of the Commission, its members and employees in litigation and advises the Commission and Divisions and Offices within the Commission with respect to general law responsibilities, personnel management and budget. The Deputy General Counsel for General Law and Management also serves as Managing Executive for the Office of the General Counsel. Ms. McFadden comes to the SEC after over 15 years at the U.S. Department of Education. Since 2011, she has served as Deputy General Counsel at the department, where she advised the agency's senior leadership on complex legal issues, including the interpretation of Federal statutes and regulations, litigation strategy, agency policy, operations and procedures. At the Department of E