(2) *COCA-COLA TO BUY INBEV’S 54.5% EQUITY STAKE IN CCBA FOR $3.15B

*COCA-COLA TO BUY INBEV’S 54.5% EQUITY STAKE IN CCBA FOR $3.15B

Alerts: HALISTER, HALISTER1
Source: BN (Bloomberg News)

Tickers
KO US (Coca-Cola Co/The)
ABI BB (Anheuser-Busch InBev SA/NV)

People
Carlos Alves De Brito (Anheuser-Busch InBev SA/NV/old)
Muhtar Kent (Coca-Cola Co/The)

Topics
Holding Increases

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UUID: 7947283

HALISTER1: INDIA RATINGS: Hindustan Newsprint Cut; Ankalesh Textiles Raised

INDIA RATINGS: Hindustan Newsprint Cut; Ankalesh Textiles Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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NI INRATINGS , click on Display & Edit, then Set Alert Delivery DOWNGRADES
  • Bengal Ambuja Housing Development
    • Fund-based facilities cut to BBB+ from A- at ICRA
    • Cites weaker financial risk profile, rising cash losses
  • Hindustan Newsprint
    • Long-term rating cut to D from BBB at Crisil
    • Cites devolvement of letters of credit
UPGRADES
  • Ankalesh Textiles
    • Long-term bank facilities raised to BBB+ from BBB at CARE
    • Cites improvement in financial-risk profile of its only customer Arvind Ltd. in FY16
  • Indo-MIM
    • NCDs and term loans raised to AA from AA- at ICRA
    • Cites revenue growth in FY16 and ability to maintain profitability and return indicators
  • Lovelock & Lewes
    • Long-term fund based limits raised to AA from AA- at ICRA
    • Cites robust growth in PricewaterhouseCoopers India’s revenues
  • Purulia and Kharagpur Transmission Co.
    • Long-term rating raised to BBB from BBB- at Crisil
    • Cites expected commissioning of co.’s transmission project
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
ARVND IN (Arvind Ltd)

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UUID: 7947283

HALISTER: Nike Worldwide Futures Orders Ex-Currency Up 2%, Est. Up 5.3%

Nike Worldwide Futures Orders Ex-Currency Up 2%, Est. Up 5.3%

(Bloomberg) -- Nike on earnings call says North America futures orders ex-currency down 4%, est. up 1.5%.
  • Expects 3Q sales to rise by mid-single-digit percentage
  • Sees 3Q gross margin down 100-125bps
  • Reiterates sales to rise high-single digits for FY17
  • 2Q direct-to-consumer sales rose 25%
    • 2Q China direct-to-consumer sales rose 42%
  • Expects North America margins to expand in 2H of FY17
  • Says basketball business is healthiest in past 18 months
  • NKE pares post-market gain to ~2.1% from 5.6%
  • EARLIER: Nike 2Q EPS Beats Est.
    • Nike Earnings Top Estimates, Easing Concerns About Slowdown
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
NKE US (NIKE Inc)

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UUID: 7947283

HALISTER1: BB&T Boosts 2016-2017 Share Buybacks by $200m

BB&T Boosts 2016-2017 Share Buybacks by $200m

(Bloomberg) -- BB&T sees adding another $200m in repurchases through accelerated share repurchase pact before end of year: filing.
  • Expects buybacks to be completed in early 2017
  • Separately, BBT enters consent order with FDIC and North Carolina Commissioner of Banks calling for “corrective actions and enhancements to address certain internal control deficiencies within the Bank Secrecy Act/Anti-Money Laundering Compliance Program”
    • Sees entering similar order with Fed in near future; no criminal activity has been identified
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
BBT US (BB&T Corp)

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UUID: 7947283