#credit-downgrade

[ follow ]
#ea-acquisition #leveraged-buyout #high-yield-debt #mortgage-applications #us-economy #interest-rates
fromKotaku
1 day ago

EA's Saudi Deal Fallout: Junk Ratings, Risky AI Bets, And Developer Fears

Earlier this week, Bloomberg reported that S&P Global Ratings plans to lower EA's credit rating to "junk status" once the leveraged buyout deal is completed sometime next year. It's currently "BBB+" but would fall into the "non-investment grade" or "speculative" territory once saddled with the $20 billion loan required to pay off all of the Battlefield 6 publisher's existing shareholders at a 25-percent premium. Moody's Ratings announced it is planning a similar reappraisal.
Business
NYC real estate
fromSFGATE
4 months ago

Mortgage Applications Fall for the Second Week in a Row as Higher Rates Weigh on Demand

Mortgage applications fell for the second consecutive week due to rising mortgage rates after a U.S. credit downgrade.
[ Load more ]