CANADA NOV CPI +1.9% YOY VS FORECAST +2%, PRIOR +2%

MNI China Daily Summary: Tuesday, December 17

MNI INTERVIEW: BOS Revises Up Spanish Growth, Inflation Stable

MNI NBH WATCH: NBH Holds Rates, Tweaks Inflation Outlook

MNI INTERVIEW: CNB To Hold, Cut From February - Ex-Official

MNI BRIEF: More Adverse Outlook, Less Uncertainty- BCB minutes

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

EZ/UK Bond Supply Calendar: Austria, UK Auction on Jan 7

MNI: US OCT BUSINESS INVENTORIES +0.1%; SALES +0.0%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CONSUMER STAPLES: Imperial Brands (IMBLN Baa2/BBB/BBB): Moody’s Upgrade

CONSUMER STAPLES
Credit BulletsUKCEEMEABullet
  • Moody’s upgraded Imperial by one notch, taking it in line with the other two major agencies. This is unsurprising and Piri had flagged our expectation of this at FY results https://mni.marketnews.com/4iyfyYt.
  • Moody’s has adjusted leverage of 2.5x and expects that to persist; it below 3x as its threshold for an upgrade. By its own measure Imperial deleveraged 0.8x HoH on a net basis.
62 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Moody’s upgraded Imperial by one notch, taking it in line with the other two major agencies. This is unsurprising and Piri had flagged our expectation of this at FY results https://mni.marketnews.com/4iyfyYt.
  • Moody’s has adjusted leverage of 2.5x and expects that to persist; it below 3x as its threshold for an upgrade. By its own measure Imperial deleveraged 0.8x HoH on a net basis.