S&P Global on Tuesday reaffirmed its sovereign rating for the United States at ‘AA+/A-1+’, the second highest rating by the agency even as the country battles inflationary pressures. The country’s economic growth, likely its best performance in nearly four decades, was fueled by massive fiscal stimulus as well as very low interest rates. The rating…
Moody’s Expects Tesla to Stay at EV Leader Spot, Upgrades to ‘Ba1’
Moody’s upgraded Tesla Inc.’s debt rating by two notches to “Ba1” from “Ba3” on Monday, reflecting the ratings agency’s expectations that the Elon Musk-led company will maintain its position as the leading battery electric vehicle manufacturer. Moody’s affirmed in a note that Tesla’s outlook remains positive and the company will continue to increase its scale…
Comcast Shares Gain on RBC Capital Rating Upgrade
RBC Capital analyst Steven Cahall upgraded the rating on Comcast Corp. to Outperform, from Sector Perform, with a $60 price target, suggesting an upside of 18 percent. Cahall stated that the recent 19 percent sell-off since early August is overdone. “While we acknowledge that telco fiber and fixed wireless will pressure Comcast’s fundamentals, our analysis suggests concerns over…
Moody’s Upgrades Hungary’s Rating on Strong Rebound in Boon for Orban
BUDAPEST—Ratings agency Moody’s late on Friday raised Hungary’s sovereign credit rating to ‘Baa2’ from ‘Baa3’ on the economy’s strong rebound from the pandemic, which comes as a boon to Prime Minister Viktor Orban amid a campaign for early 2022 elections. Orban, the country’s longest-serving leader since Communist times, faces what could be Hungary’s first tight…
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