'The bank's investment grade
ratings are testament to the effectiveness of our growth strategy and our commitment to quality earnings,' said Paul B.
Fitch also maintained the Philippines's investment grade
credit rating of BBB with a 'stable' outlook in December of 2018.
Since last year, Schaeffler has been rated investment grade
by all three internationally recognised rating agencies, Fitch (BBB), Moody's (Baa3') and Standard & Poors (BBB-).
The rating agency expects that the average investment grade
corporate credit quality over the next four years will be stable to slightly improving, with liquidity remaining solid supported by the gradual macro-economic recovery.
The delivery of all certificates and bond powers executed in bank representing or evidencing the Investment Grade
Collateral Bonds shall be delivered to Citadel, held by Citadel and then pledged by Citadel to the Lender in connection with the Loans and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment in bank, all in form and substance satisfactory to Citadel.
Having an investment grade
rating allows firms to sell debt at lower prices to a broader group of investors vs being saddled with a "junk" status.
Foreign currency debt residing within the agency's investment grade
issuers is also in safe hands.
credit offers a risk profile between government bonds and equity.
Ford now meets the criteria that was made in the 2006 deal with banks, that it had to be judged to an investment grade
by two ratings agencies to reclaim its security.
"We don't want the budget deficit to increase to 8-9-10 per cent because if that were to be the case, Tunisia could lose its investment grade
, we don't want that."
The Ford Upgrade Exchange Linked (FUEL) notes bridge the gaps between asset-backed and unsecured debt and between the non - investment grade
and investment - grade markets.
AB InBev's corporate credit and senior unsecured debt ratings were increased to A-, the fourth-lowest investment grade
, from BBB+ and the outlook on the rating is stable, S&P said today in a statement.