HALISTER1: World Financial Network Credit Card Master Note Trust Series 2017-A - DBRS Rating Report

World Financial Network Credit Card Master Note Trust Series 2017-A - DBRS Rating Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

People
Chris O'Connell (DBRS Inc)

Topics
Credit Analysis Research
Credit Research
Fixed Income Research
Investment Research
Fixed Rate Notes Research

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UUID: 7947283

HALISTER1: Dealbook: Citigroup Agrees to $97.4 Million Settlement in Money Laundering Inquiry

Dealbook: Citigroup Agrees to $97.4 Million Settlement in Money Laundering Inquiry

Alert: HALISTER1
Source: NYT (New York Times)

Tickers
C US (Citigroup Inc)

People
Barack Obama (United States of America)
Jefferson Sessions (United States Department of Justice)

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UUID: 7947283

HALISTER1: Citi Settles With DOJ, Mass.; Banamex USA Ops to End June 30

Citi Settles With DOJ, Mass.; Banamex USA Ops to End June 30

(Bloomberg) -- Citi concludes all remaining open inquiries conducted jointly by DOJ, AG for Mass. concerning Bank Secrecy Act (BSA), anti-money laundering (AML) compliance conduct of Citigroup, related entities, including Banamex USA (BUSA).
  • Settlement includes non-prosecution agreement, forfeiture of ~$97m, for which C is fully reserved
  • Follows BUSA settlement in July 2015 with FDIC, Calif. Dept. of Business Oversight
  • BUSA anticipates stopping banking operations as of June 30 as FDIC doesn’t object to liquidation plan
  • C shares reverse earlier gains, tracking lower with KBW Bank Index
Statement:Link

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
C US (Citigroup Inc)
BANACCIB MM (Grupo Financiero Banamex SA de CV)

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UUID: 7947283

HALISTER1: Moody’s Downgrades JBS Corporate Family Rating to Ba3 From Ba2

Moody’s Downgrades JBS Corporate Family Rating to Ba3 From Ba2

(Bloomberg) -- Action follows confirmation by JBS S.A. that seven executives of the company and its controlling entity, J&F Investimentos, entered into a plea bargain agreement with the Federal Public Prosecutor’s Office concerning allegations of corruption, Moody’s Investors Service says in emailed statement.
  • Rating downgrades include JBS S.A.’s Corporate Family Rating to Ba3 from Ba2, JBS USA’s senior secured rating to Ba2 from Ba1, JBS USA’s senior unsecured rating to Ba3 from Ba2
    • Downgrade reflects increased risks related to potential future litigation cases, governance of the company, and liquidity, on which there is currently limited visibility
  • Ratings of both companies were also placed under review for further downgrade
Link to Statement:Link

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
JBSS3 BZ (JBS SA)

Topics
Criminal Practice & Procedure

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UUID: 7947283