Winter Storm Uri to Generate Billions in Insured Losses: Moody s insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.
Moody s Investors Services, the notable credit rating agency, boosted their ratings outlook on Planet Fitness Inc (NYSE: PLNT) s debt due to the company s strong operating performance and an improving financial profile.
Moody s upgraded Planet Fitness debt rating from Stable to Positive while. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
Search
Southeast Asian Fintech Grab Decides to Increase its Term Loan Facility to $2 Billion due to Growing Investor Demand
Southeast Asian Fintech firm
Grab has decided to upsize its term loan facility to $2 billion due to growing interest from new investors.
Grab, which is one of Southeast Asia’s largest “Super App” providers, confirmed the successful closing of its first senior secured term loan facility, after commitments were made by global institutional investors.
The term loan facility should assist Grab with improving its liquidity and will also help diversify its funding sources. As noted in the announcement, the facility has been structured as a 5-year term loan B with a $2 billion principal. Grab’s management stated that this is the largest term loan B facility (to date) in Asia’s tech industry.
The provision of appropriate infrastructure ranging from good road network and bridges to public utilities is a fundamental driver of economic growth, and the demand for such services is expected to surge in the next few years.
Unfortunately, the allocation of funds for infrastructural projects is insufficient to cope with this projected increase in demand. x
A recent report released by Moody’s Investors Services, a leading global risk assessment firm, indicated that Nigeria needs to spend about $3 trillion over the space of 30 years to bridge the country’s infrastructural gap.
According to the report, significant financing from the private sector and multilateral needed to address Nigeria’s infrastructure deficit, as it is behind peers in other emerging markets, and will require significant investments to bridge its infrastructural gap.