Negative Watch News Today

ProMedica $1.8B bonds taken off rating watch negative status after division sale.

For all the media focus on Fitch’s August 1, 2023 the biggest news is what didn’t happen.

The system's turnaround efforts include using proceeds of a proposed $710 million deal to sell hospice and home health assets to pay off direct placement debt.

Fitch Ratings has placed Arconic Corporations BB+ Long-Term Issuer Default Rating and its instrument ratings on Rating Watch Negative following the announcement on May 4, 2023 that Apollo... | May 8, 2023

Check out the latest updates about Disney World's Reedy Creek Improvement District (including an update about its huge bond debt) and its possible dissolution here.

Fitch Ratings downgraded the Issuer Default Ratings (IDRs) of Las Vegas Sands (LVS.US), SANDS CHINA LTD (01928.HK) and Marina Bay Sands Pte. Ltd to BB...

The district has about $79 million in outstanding utilities revenue and refunding bonds and approximately $766 million in outstanding ad valorem tax bonds, according to an alert issued by Fitch. The district’s various debt ratings range from A to AA-, Fitch said.

If the special taxing district is dissolved, Disney's nearly $1 billion debt obligations would shift to local taxpayers.

Gov. Ron DeSantis on Friday signed a bill aimed at dissolving a special taxing district that has granted Walt Disney World unique self-governing powers for...

The governor signed two Disney-related measures passed during a special session on congressional redistricting, prompting credit-rating agency Fitch Ratings to place a “rating watch negative” on about $1 billion in outstanding debt.