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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Moody's today "placed the long term...>
US CORPORATES: Moody's today "placed the long term ratings of CVS Health on
review for downgrade and affirmed its P-2 short term commercial paper rating.
The review for downgrade is prompted by CVS's and Aetna Inc.'s announcement that
CVS would be acquiring Aetna for $207 per share in a transaction valued at about
$69 billion. Moody's estimates that this represents about an 11x EBITDA multiple
and about a 14% premium over Aetna's closing share price on Dec. 1, 2017."
- The ratings agency "anticipates that the review could extend longer than 90
days given the size and the complexity of the transaction and the regulatory
approval process, and anticipates that any downgrade to CVS' senior unsecured
rating would likely be limited to one notch at the conclusion of the review. The
transaction is expected to close during the second half of calendar 2018."
To read the full story
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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.