It’s déjà vu all over again for Costa Rica’s investment rating.
Fitch Ratings announced that the company was holding steady on its junk bond rating for Costa Rica, according to a news release from the company on Tuesday. Costa Rica has a B credit rating with a negative outlook, below investment grade.
Along with maintaining its rating for Costa Rica’s public debt with a negative outlook, Fitch echoed the same concerns that have plagued Costa Rica’s investment status for years, including weaknesses in public finances and political gridlock.
“The Negative Outlook reflects downside risks to fiscal consolidation and debt stabilization due to political uncertainty amidst a long-standing inability to reach consensus on how to address the fiscal imbalances created by high fiscal deficits, rising interest payments and a steep amortization schedule,” Fitch’s report says.
Upcoming Fed Meeting Will Make Or Break March Stock Rally
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This week is crucial for the Fed because the central bank needs to shape its policy statement in a way that doesn’t roil the markets.
How the bond market trades in front of Wednesday’s Federal Open Market Committee (FOMC) meeting may as well involve wetting one’s finger and putting it in the air to determine its direction.
We’ve heard Fed Chair Jerome Powell speak about current inflationary pressures as “transitory,” and that those upward pressures will subside in the months ahead as global supply lines stabilize. Up until last Friday, the bond market took that narrative to heart, with the Dow and S&P 500 trading to new all-time highs. During this time, value and cyclical stocks were in the lead. The rotation into reopening sectors continues at the expense of growth stocks.
Skyline Announces Operational Results for the Year Ended December 31, 2020
March 12, 2021 18:01 ET | Source: Skyline Investments Inc. Skyline Investments Inc. Toronto, Ontario, CANADA
2020 revenue from Skyline’s hotels and resorts was $91.5 million compared to $193.6 million in 2019, a decline of 53% due to the impact of COVID-19;
Skyline’s operating expenses from hotels and resorts also declined by 47%, including the effect of subsidies received in response to the pandemic;
2020 EBITDA remained positive at $7.9 million versus $40.8 million in 2019;
Unrestricted cash and available lines of credit as at December 31, 2020 totalled approximately $27 million;
Occupancy of all of the Company’s US hotels and Canadian resorts show a steady seasonally-adjusted improvement from their lows in April;
«Эксперт РА» подтвердило рейтинг Инбанку на уровне «ruBB» bankir.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankir.ru Daily Mail and Mail on Sunday newspapers.
A resilient and flexible business model resulted in a solid performance in a year hit by the COVID-19 pandemic
The year 2020 was highly characterised by the impact of the COVID-19 pandemic which also affected Ferratum’s business activities. In a year unlike any other during the past century, Ferratum’s business model showed its resilience and flexibility: Ferratum managed to protect its business model as well as to successfully reduce its cost base and navigate through the year with a substantial reduction in both operating expenses and risk appetite. These reductions helped contribute to a solid business performance in the business year 2020.