by bondevalue | Apr 26, 2021 | Credit Ratings, High Yield Bonds
Fitch Ratings downgraded Alpha Holding’s (AlphaCredit) long-term local and foreign currency issuer ratings to CC from B, its short-term foreign and local currency issuer ratings to C from B, and its senior unsecured notes to CC from B. This downgrade incorporates...
by bondevalue | Apr 22, 2021 | Credit Ratings, Financial Institution Bonds
Mexican non-bank lender Alpha Holding SA’s bonds slipped after it acknowledged $200mn of derivatives error in its 2018 and 2019 financial statements. The company announced that it expects an impairment of most of the $206mn reported as accounts receivable and other...
