Tata Steel Upgraded to IG; Tata Motors and JLR also Upgraded
Tata Steel, Tata Motors and JLR were upgraded by S&P. With the upgrade, Tata Steel and its 100%-owned subsidiary ABJA Investment have now moved to investment-grade (IG), making it a rising star. S&P upgraded the steel major to BBB- from BB. Tata Motors and its...
Barclays Reports 2.4x Jump in Q3 Profits
Barclays reported Q3 attributable profits of £1.45bn ($2.4bn) beating expectations of £931.25mn ($1.3bn), and up 2.4x from the same period last year. Revenue rose 5% YoY to £5.47bn ($7.6bn). Profits were helped by a significant release in new loan-loss provisions that...
ChemChina Upgraded to A by Fitch
ChemChina was upgraded by Fitch to A from A- with a stable outlook. The upgrade comes on the back of progress in the integration between ChemChina and Sinochem Holdings. Sinochem Holdings has assumed full control over ChemChina in terms of management, operations and...
AT&T’s Q3 Profits Jump 112%
AT&T reported Q3 net income at $5.9bn up 2.1x YoY. However, revenue was $39.9bn, down 5.7% YoY that include a net $1.8bn of revenues tied to DirecTV and the company’s video operations, which were spun off during the quarter. Excluding that unit, revenues were up...
