Tag: stocks
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What All-Time Highs Really Mean for Credit Ratings
In the world of investing, the fear of market peaks is deeply rooted. Investors often hesitate to deploy capital when equity indices are at all-time highs, fearing an imminent correction. But this fear is not only frequently misplaced—it may also distort long-term financial strategies and, by extension, the interpretation of creditworthiness and risk metrics. Duncan…
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Moody’s Delivers in Q2 — But Familiar Questions Linger
Moody’s Corporation posted a strong financial performance in the second quarter of 2025, continuing its momentum amid a complex and often volatile macroeconomic landscape. The company reported a 4% increase in revenue compared to the same quarter last year, with adjusted operating margin rising by 130 basis points to 50.9%. Adjusted diluted EPS also grew…
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Interpreting UBP’s Outlook Amid Policy Shifts and Market Volatility
Disclaimer: The following interpretations are based on an analysis published by Union Bancaire Privée (UBP). They reflect possible implications and not definitive outcomes. These developments carry several implications for credit ratings across asset classes and regions. Macroeconomic Stability and Sovereign Ratings The stabilization of U.S. economic data and the subsiding recession risks may offer short-term…
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Convertible Bonds: Stability and Credit Quality in Volatile Markets
In a market marked by volatility, global convertible bonds have outperformed both equities and traditional bonds in the first quarter of 2025, offering a unique blend of downside protection and growth potential.
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Deutsche Bank’s 2024 Annual Report: Liquidity and Credit Ratings in Focus
The Deutsche Bank recently released its 2024 Annual Report, providing insights into its liquidity and capital management, as well as its credit ratings from major rating agencies. The report highlights the bank’s progress in strengthening its financial position, despite a dynamic economic and geopolitical environment. Liquidity and Capital Management The bank’s liquidity risk management is…
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Implications for Credit Ratings: Japan’s Market Transformation and Corporate Reform
Japan’s stock market is undergoing a fundamental transformation that goes beyond short-term cyclical trends, according to June-Yon Kim, Lead Portfolio Manager for Japanese equities at Lazard Asset Management. For decades, Japan’s equity market had been weighed down by deflation and structural inefficiencies. However, this has been followed by a prolonged phase of remarkable transformation, including…
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Moody’s Margin Development: 2024 Performance and 2025 Outlook
Moody’s Corporation demonstrated strong margin expansion in 2024, driven by revenue growth, cost efficiency measures, and disciplined execution. The company’s operating margin increased from 36.1% in 2023 to 40.6% in 2024, reflecting higher revenue across both Moody’s Investors Service (MIS) and Moody’s Analytics (MA). Adjusted operating margin saw an even stronger improvement, rising from 43.9%…
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Powering Financial Markets: The Pivotal Role of S&P Global Ratings
S&P Global Inc. (SPGI) has solidified its position as a leader in financial intelligence and analytics, with its Ratings business playing a crucial role in its sustained growth and profitability. As one of the world’s foremost credit rating agencies, S&P Global Ratings provides essential insights into credit risk, helping investors and institutions make informed decisions.…
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Strategic Shift Towards Bonds in apoBank’s Capital Market Outlook 2025
The Deutsche Apotheker- und Ärztebank (apoBank) has announced a significant shift in its capital market strategy for 2025. Germany’s largest cooperative primary bank is adopting a more defensive investment approach, moving from a “neutral” stance on equities to an “underweight” position. Simultaneously, apoBank is increasing its allocation to bonds, shifting to an “overweight” stance. “The…
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Moody’s Reports Record-Breaking Third Quarter 2024 with Strong Revenue Growth and Raised Earnings Outlook
Moody’s Corporation delivered outstanding results for the third quarter of 2024, highlighting the company’s resilience and ability to capitalize on favorable market conditions. Revenue for the quarter surged by 23% compared to the same period in 2023, reaching an impressive $1.8 billion. This growth was driven largely by the stellar performance of Moody’s Investors Service…
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