Credito Real Downgraded to B- by Fitch
Credito Real was downgraded to B- from BB- by Fitch reflecting slower than expected progress in its funding and liquidity plans to meet repayment of its CHF 170mn ($185.7mn) 2.875% 2022s due on February 9. Whilst the company has managed to sell and collect a portion...
Mapletree Commercial to Merge with Mapletree North Asia in $3.1bn Deal
Temasek’s commercial units of Mapletree are set to merge in an SGD 4.2bn ($3.1bn) deal. Mapletree Commercial Trust (MCT) plans to buy Mapletree North Asia Commercial Trust (MNACT) either through cash-and-scrip or a scrip-only consideration. The consideration...
Generali Enters Talks to Buy Credit Agricole Unit
Assicurazioni Generali has entered into exclusive talks with Credit Agricole to buy the French bank’s subsidiary La Medicale, as part of plans to expand its European non-life and health insurance businesses. According to a statement by the Italian insurer, the talks...
SIA Trims 1H Loss to $617mn; VTL Boosts Revenues to $2.1bn
Singapore national carrier Singapore Airlines (SIA) reported improving numbers for H2 ended September with revenues rising 73% YoY to S$2.83bn ($2.09bn), and operating and net loss narrowing 66.8% and 75.9% to S$619.4mn ($457mn) and S$836.8mn ($617.5mn) respectively....
