Moody's
Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.
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Latest Reports from Moody's
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| Name | Date | |||||||||||||||||||||
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| Moody's affirms A1 (sf) rating of Mortgage Beneficial Interests issued by Bora IV (Japanese) | Apr 25, 2024 | |||||||||||||||||||||
| ...#/# NEWS Contact: SF SF ##-####-#### ##-####-#### ##-####-#### ##-####-#### [MSFJ]IV ### #######SF JHFIV A# (sf) #######A# (sf) IV ##,###,###,### ####### ####### ####### JHF JHF #.#% JHFA#... | ||||||||||||||||||||||
| Moody's Ratings changes Rodenstock's outlook to negative; affirms B3 ratings | Apr 25, 2024 | |||||||||||||||||||||
| ......MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...... | ||||||||||||||||||||||
| Moody's Ratings upgrades Degussa Bank AG - Mortgage Covered Bonds to Aaa | Apr 25, 2024 | |||||||||||||||||||||
| ......MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...... | ||||||||||||||||||||||
| Moody's withdraws Hamamatsu City's A1 ratings (Japanese) | Apr 25, 2024 | |||||||||||||||||||||
| ......Investors Service, Inc.Moody's Investors Service, Inc. MCOMoody's Investors ServiceMoody's Investors ServiceMCO Moody's Investors Service, Inc.MCO#%SEC...... | ||||||||||||||||||||||
| Moody's withdraws Hamamatsu City's A1 ratings | Apr 25, 2024 | |||||||||||||||||||||
| ......MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...... | ||||||||||||||||||||||
| Moody's affirms A1 (sf) rating of Mortgage Beneficial Interests issued by Bora IV | Apr 25, 2024 | |||||||||||||||||||||
| ......MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...... | ||||||||||||||||||||||
| Moody's assigns A1 to City of Yokohama's domestic bonds due May 2054 (Japanese only) | Apr 25, 2024 | |||||||||||||||||||||
| ...#/# NEWS Contact: ##-####-#### ##-####-#### ##-####-#### ##-####-#### [MJKK]A# ####### : :####### : ·######### :A# : : : ##### ## #/# ##### /ratings-news) (https://ratings. / moodys ###-#### #-#-# MORI ## ##... | ||||||||||||||||||||||
| Weser Funding S.A., Compartment No. 3 | Apr 25, 2024 | |||||||||||||||||||||
| ......Contacts Ayantika Bhowmik, +, Ayantika.Bhowmik@moodys.com Devin Boyacioglu, +####-####-####, Devin Client Service Desk London: +####-####-####, clientservices@moodys.com Monitoring Monitor.ABS@moodys.com...... | ||||||||||||||||||||||
| CHARLES STREET CONDUIT ABS 2 LTD | Apr 25, 2024 | |||||||||||||||||||||
| ......Deal Closing Date: ##/##/#### Seller/Originator: BLEMAIN FINANCE LIMITED Harpmanor Finance Limited Together Commercial Finance Limited Together Personal Finance Limited Servicer: BLEMAIN FINANCE LIMITED Harpmanor Finance Limited Together Commercial Finance Limited Together Personal Finance Limited Backup Servicer: BCMGlobal Mortgage Services Limited Special Servicer: Back-Up Servicer Facilitator: Issuer Account Bank: Lloyds Bank plc Cash Manager: Together Financial Services Limited Trustee: U.S. Bank Trustees Limited Hedge Counterparty: NATIXIS S.A. Arranger: Together Financial Services Limited Pool Currency: GBP Revolving Period End Date: ##/##/#### Pool Reporting Frequency: Monthly Last Reporting Date: ##/##/####...... | ||||||||||||||||||||||
| VCL Multi-Compartment S.A., Compartment VCL 36 | Apr 25, 2024 | |||||||||||||||||||||
| ......Contacts Sudarshan Vyas, +, Sudarshan.Vyas@moodys.com Yuezhen Wang, +####-####-####, Yuezhen.Wang@moodys.com Client Service Desk London: +####-####-####, clientservices@moodys.com Monitoring Monitor.ABS@moodys.com...... | ||||||||||||||||||||||
| Tokyo Gas Co., Ltd.:Update following affirmation | Apr 25, 2024 | |||||||||||||||||||||
| ...INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION ## April #### Tokyo Gas Co., Ltd. Tokyo, Japan A# LT Issuer Rating - Dom Curr Stable +##.#.####.#### hiroe +##.#.####.#### taiga.tase@moodys.com +##.#.####.#### mariko... | ||||||||||||||||||||||
| Osaka Gas Co., Ltd.:Update following affirmation | Apr 25, 2024 | |||||||||||||||||||||
| ......Domestic Energy ##% International Energy ##% Life & Business Solutions ##% Adjustments -#% Segment Assets...... | ||||||||||||||||||||||
| Pan American Silver Corp.: Update to credit analysis | Apr 25, 2024 | |||||||||||||||||||||
| ......Pan American Silver Corp. ("Pan American") benefits from: #) financial leverage that is expected to be maintained around #.#x; #) a stable pro forma production profile of about # million ounces of gold and ## million ounces of silver per year from existing operations with the possibility of increased production should it restart and ramp-up the Escobal mine; and #) diversity of cash flow among its ## mine operations in seven countries. The company is constrained by: #) its smaller scale compared to investment grade peers; #) the company's concentration in gold and silver and the related price volatility sensitivity; #) exposure to regions in Latin America with elevated geopolitical risks; and #) the high-cost nature of standalone gold mining operations...... | ||||||||||||||||||||||
| Bank of the Philippine Islands: Key facts and statistics - 2023 | Apr 25, 2024 | |||||||||||||||||||||
| ......Bank of the Philippine Islands (BPI) is a Manila-based universal bank that provides financial products and services such as deposits, lending, asset management, corporate finance, securities distribution and insurance services. As of ## December ####, BPI held a domestic market share of ##.#% in terms of assets, based on total assets of PHP#.# trillion ($##.# billion). As of ## December ####, BPI operated through a network of #,### branches. BPI was established in #### as a public bank, trading as El Banco Espanol Filipino de Isabel II. In ####, it was renamed Bank of the Philippine Islands. Since ####, the bank's shares have been listed on the Philippine Stock Exchange (ticker: BPI). As of ## January ####, the bank's largest shareholder was Ayala Corporation which along with its subsidiary Liontide Holdings, Inc., owned around ##.#% of BPI's total share capital...... | ||||||||||||||||||||||
| Honda Motor Co., Ltd.: Update to credit analysis | Apr 25, 2024 | |||||||||||||||||||||
| ......Honda Motor Co., Ltd.'s A# issuer rating reflects the company's well-established brand and position in its core automotive markets, as well as its strong balance sheet and liquidity. The rating also reflects the company's leading position globally in its motorcycle business, which has strong growth prospects in emerging markets such as Southeast Asia and higher profitability than its automotive business. The motorcycle business also provides cash flow diversification from the automotive business. On the other hand, the rating also takes into account Honda's relatively weak profitability, especially in its automotive business, compared with its purely automotive peers. The company also faces future pressure on its margins due to investments required for the transition to electrification. Furthermore, though unit sales have been recovering in key markets such as the United States and Japan, Honda still faces a slow recovery in China...... | ||||||||||||||||||||||
| Tokyo Gas Co., Ltd.: Update following affirmation | Apr 25, 2024 | |||||||||||||||||||||
| Osaka Gas Co., Ltd.: Update following affirmation | Apr 25, 2024 | |||||||||||||||||||||
| ......Osaka Gas Co., Ltd.'s A# rating reflects its strong market position in liquefied natural gas (LNG) transportation and distribution in the Kansai region, Japan's (A# stable) second-largest metropolitan area which encompasses Osaka, with a solid earnings base from its gas utility business, a regulated pipeline business, and business opportunities from the deregulated electric utility sector. At the same time, the deregulation of the Japanese gas retail market has made revenues less predictable. Limited growth opportunities in its core gas business have led Osaka Gas to increase its exposure in non-utilities investments, in particular its businesses overseas, which raises its business risk. In addition, the growing investments needed to meet the company's decarbonization goals prevent leverage reduction and raise its execution risks over time...... | ||||||||||||||||||||||
| Moody's Ratings assigns Baa1 rating to Goodman's Euro notes | Apr 25, 2024 | |||||||||||||||||||||
| ......MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...... | ||||||||||||||||||||||
| Moody's assigns definitive rating to Green Ritz Series 34 backed by residential mortgages (Japanese) | Apr 25, 2024 | |||||||||||||||||||||
| ......Moody's CorporationMCOMoody's Investors Service, Inc. CPMoody's Investors Service, Inc.Moody's Investors Service, Inc. MCOMoody's Investors ServiceMoody's Investors ServiceMCO Moody's Investors Service, Inc.MCO#%SEC...... | ||||||||||||||||||||||
| Moody's assigns definitive rating to Green Ritz Series 34 backed by residential mortgages | Apr 25, 2024 | |||||||||||||||||||||
| ......MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...... | ||||||||||||||||||||||
