#credit-ratings

#credit-ratings

Six companies had their ratings affirmed, with the exception of Planet Financial Group, whose rating was downgraded to B from B+. The outlook for Provident Funding Associates improved from stable to positive, while UWM's outlook shifted to stable from positive. FOA received a positive outlook. These affirmations reflect continued franchise strengthening of the largest mortgage companies as the market has consolidated over the last three years, Fitch said in its report.

The streaming company once known as "Debtflix," before it started generating heavy cash flow, is looking to add tens of billions of dollars of debt to finance its planned $72 billion acquisition of most of Warner Bros. Discovery Inc. But Netflix Inc. has a stronger balance sheet than it did before the pandemic, which will probably allow the company to boost the price it pays in any bidding war that emerges, while remaining investment grade.

Moody's said its rating was supported by the well-established devolution framework that Scotland operated under, with a requirement to maintain a balanced budget and predictable grant allocation. The ratings agency added that the Scottish National party (SNP) government had demonstrated prudent fiscal management. Swinney said: The Scottish government's high credit ratings are testament to Scotland's strong institutions, track record of responsible fiscal management and pro-business environment. He said the proceeds would be used to fund, capital investment in key infrastructure.