WebAug 18, 2024 · Global Credit Research - 18 Aug 2024. Hong Kong, August 18, 2024 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of GLP Pte. Ltd. and other ratings that are ... Higher Leverage from Related-Party Transactions:GLP's net debt rose from USD10.3 billion at end-2024 to USD13 billion at 30 June 2024. The rise in leverage was mainly driven by USD2.6 billion in cash advances made to Bidco in this period. The cash outflow comprised two major transactions, bridge financing … See more GLP's business profile is comparable with that of Singapore-based Mapletree Industrial Trust (MIT, BBB+/Stable) and Mapletree Logistics … See more Factors that could, individually or collectively, lead to positive rating action/upgrade: Fitch does not expect positive rating action in the near term until GLP demonstrates … See more Fitch's Key Assumptions Within Our Rating Case for the Issuer: - 2024-25 recurring EBITDA (including JCE dividends) CAGR at … See more International scale credit ratings of Non-Financial Corporate issuers have a best-case rating upgrade scenario (defined as the 99th percentile of … See more
Fitch Downgrades GLP to
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WebApr 13, 2024 · GLP-1 drugs help to lower blood sugar and delay stomach emptying, making people feel full longer. “A lot of people will tell you if they start taking one of these … WebMay 11, 2024 · The Green Perpetual Securities, issued under GLP’s US$5 billion Euro Medium Term Note Programme, will receive 50 percent equity credit from S&P (till Year 5), Fitch and Moody’s. The Green Perpetual Securities are not callable for the first five years and there is a +25 bps step-up margin from Year 10, and an additional (cumulative) +75 … WebDec 19, 2015 · GROWING FAST: GLP has become the second-largest industrial asset owner in the US after the US$4.6b acquisition of US Income Partners II in Nov 2015. FITCH Ratings on Friday affirmed Global Logistic Proper-ties' (GLP) long-term foreign-currency issuer default rating at BBB+ with a stable outlook. The senior unsecured rating and all … phosphatasen definition