This story was originally posted on IdahoEdNews.org on Feb. 19, 2024. The $685 million University of Phoenix purchase could trigger a “multi-notch downgrade” in the University of Idaho’s bond rating,
The global ratings agency has revised the outlook on Adani Green Energy, Adani Green Energy Restricted Group (AGEL - RG-1), Adani Transmission Step One, and Adani Electricity Mumbai to “stable” from “negative”, it said in a release.
SoftBank, which floated a little less than 10% of Arm shares in the IPO, had ¥6.7 trillion ($45 billion) in cash and cash equivalents as of end-September. That cash piles prompted a flurry of new investments by SoftBanks billionaire founder Masayoshi Son, as well as talks with OpenAIs ousted co-founder Sam Altman about helping to fund a possible chip startup.
Moody’s On Softbank: But Arm’s September initial public offering lifts the proportion of SoftBank’s listed assets, Moody’s said in a report Monday. Along with telecom unit SoftBank Corp. and Alibaba Group Holding Ltd., SoftBank’s listed assets now make up more than 60% of its total portfolio value, it said.
The Port Authority of Guam is maintaining strong financial performance, according to a report issued by Standard & Poors Global Ratings, which affirmed the ‘A’ long-term rating on the agency’s