TABLE OF CONTENTS Introduction 4 Corporate Background 4 Products/Services 4 Vision/Mission Statement 4 Rank/Industry 4 Jobs/Pay 4 Benefits/Health 4 Board of Directors 4 Analysts 4 Creditors and Credit Rating Agencies 4 Securities and Exchange Commission Reports 4 Risks 5 Corporate Citizenship 5 Conclusion 5 References 6 Introduction This paper will serve as a report on American Express, one of the best companies
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A. Fair Isaac, the credit rating agency behind the FICO score says that 13% of Americans have credit scores of 800 or better (money.msn.com, 2010). Ask yourself is your credit score near that lofty mark? B. If not, today I’m going to talk about some steps such as credit reports, how to stabilize your credit profile, the reason why lenders say “no”, and also improvement in your credit scores. (Transition: Now I’m going to talk about credit reports.) II. The top 3 credit bureau are Equifax
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underwrite and book-run all of the financings because together they committed $6 billion in bridge loans and to underwrite the entire $17.5 billion in debt financing, plus $1.5 billion in credit lines. This created significant risk by aligning the interests of FCX and the two firms in terms of placing the debt and credit with other banks and institutional investors. Because this commitment was critical in facilitating the M&A transaction, FCX gave all of the book-running and M&A business to these
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Rating Action: Moody's assigns ratings to Chrysler refinancing; Ba1 to first lien term loan and B1 to second lien notes. Outlook is stable. Global Credit Research - 29 Jan 2014 Approximately $5 billion of obligations rated New York, January 29, 2014 -- Moody's Investors Service assigned ratings to debt securities being offered by Chrysler Group LLC (Chrysler) in connection with the refinancing of $4.7 billion of VEBA trust note. Ratings assigned are: Ba1 to $2 billion of new first-lien term
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Bond Prices, Default Probabilities and Risk Premiums1 John Hull, Mirela Predescu, and Alan White A feature of credit markets is the large difference between probabilities of default calculated from historical data and probabilities of default implied from bond prices (or from credit default swaps). Consider, for example, a seven-year A-rated bond. As we will see the average probability of default backed out from the bond’s price is almost ten times as great as that calculated from historical data
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1. Enron was valued at $2.3 billion when it was formed in July 1985. On August 23, 2000, its stock was at $90 per share and it had a market capitalization of $65.9 billion. Explain the major business practices that created such dynamic growth in the price of the stock. Enron used many different tactics to inflate their stock prices. The one that sticks out to me is when they signed a 20-year contract with Blockbuster. Early in the contract Blockbuster and Enron parted ways with a null and void
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committed $6 billion in bridge loans and to underwrite the entire $17.5 billion in debt financing, plus $1.5 billion in credit lines. 2. The leveraged finance group is responsible for making the bridge financing commitment and support the Freeport-McMoran to make a bid for the Phelps Dodge. Also, this group is responsible to analyses the new debt structure, the consequences on credit ratings and examines the possibility of sell the debt to other investors. 3. The principal risk of the banks is persuading
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Definition Contents 3. Credit rationing methodologies 3.1: Agency methodologies 3.2: Table of creditworthiness methodologies 3.3: Loss concept 4. Creditworthiness process 5. Morningstar Global Bank Credit Rating Methodology 6. Stages of creditworthiness 1. Introduction Credit rating agencies (CRAs) formulate and issue credit ratings for both companies (debt issuers) and individual debt instruments. Issuer’ rating represents a forward-looking
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entity is determined. The paper after that evaluates the impact of refunding existing debt obligations. The paper after that analyzes the various funding alternatives which can be used to support debt obligations followed by a description of how rating agencies evaluate governmental risks. The conclusion comes in the last section of the paper to summarize the findings of the paper. Determination of Debt Capacity of a Governmental Entity In determining the debt capacity
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Comparative Rating Index for Sovereigns (CRIS): An update following recent rating events using both Moody’s and S&P’s ratings. [From the Economic Division, Ministry of Finance: This is the latest update on the comparative credit ratings scores of nations, using Moody’s as well as Standard and Poor’s ratings data following recent ratings events, and using a formula developed by our researchers. The detailed work (not for dissemination) occurs in a paper by Kaushik Basu, Anil Bisen, Supriyo De, Rangeet
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