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Moody's has upgraded the outlook for EFG Bank's long-term issuer rating to "stable" from "negative," while maintaining the rating at "A3." The upgrade reflects improvements in capitalization and profitability, with the long-term deposit rating raised to "Aa3" and senior unsecured liabilities to "A2." The bank's strong liquidity and low leverage ratio further bolster its financial stability.
Moody's Corporation is a leading provider of financial data, with net sales divided into analysis and risk management services (51.7%) and financial notation services (48.3%). Geographically, 52.4% of sales come from the United States, followed by Europe/Middle East/Africa (31.2%), Americas (6.6%), and Asia/Pacific (9.8%).
Spirit Halloween leverages short-term leases to occupy over 1,500 storefronts, hiring around 50,000 seasonal workers each fall. The company, acquired by Spencer’s in 1999, generated $1.87 billion in revenue in 2023, with its pop-up model effectively minimizing landlord risks. As it plans for future seasons, Spirit is also testing 10 Christmas stores in existing locations.
Liechtensteinische Landesbank (LLB) AG has successfully issued a CHF 200 million fixed-interest bond, reflecting strong investor demand and the bank's solid market reputation. With a Tier 1 ratio of 19.7% and a Moody's Aa2 rating, LLB aims to enhance its financing structure and support growth. The bond, maturing in ten years with a yield of 1.552%, will be listed on SIX starting October 29, 2024.
Moody's Corporation
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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