On Monday, Health Care REIT, Inc. (NYSE:HCN)’s shares declined -0.65% to $67.52.
Health Care REIT, Inc. (HCN) has affirmed the company’s Baa2 senior unsecured rating and revised the outlook to positive from stable.
Steady improvement in the company’s diversified real estate portfolio, accompanied with leverage reduction, largely drove the upward revision in rating outlook by the rating agency.
The positive outlook is, in fact, backed by the rating agency’s expectation that Health Care REIT will continue to ride on the growth curve with its focus on high quality, private-pay assets in addition to its efforts to strengthen major financial metrics such as leverage and fixed charge coverage.
A positive rating is encouraging as it enhances a company’s credibility in the market and boosts investors’ appetite for the stock. Enhance in creditworthiness also allows the company to enjoy lower cost on its borrowing.
Health Care REIT, Inc. is an independent equity real estate investment trust. The firm engages in acquiring, planning, developing, managing, repositioning and monetizing of real estate assets. It primarily invests in the real estate markets of the United States. The firm primarily invests in senior living and health care properties.
Accenture Plc (NYSE:ACN)’s shares dropped -0.32% to $95.79.
Accenture Plc (ACN) launched a new version of the Accenture Mortgage Cadence Enterprise Lending Center platform in order to provide new functionality around key regulatory changes, providing tools to assist lenders stay in compliance and provide better service to customers.
New regulations, called the TILA-RESPA Integrated Disclosure Rule, replaced two legacy loan origination documents and affect various calculations and workflow that take place during the loan process, requiring changes to both loan origination technology and lender processes. The Enterprise Lending Center, one of two SaaS-based loan origination systems offered by Accenture Mortgage Cadence, is highly configurable and rules-based, allowing mortgage lenders to update their systems in advance of the regulation deadline.
Accenture plc provides administration consulting, technology, and business process outsourcing services worldwide. The company’s Communications, Media & Technology segment offers enterprise and industry-customized services in network engineering and integration, field force enablement, and IP network migration; provides online customer and enterprise relationship administration services; and assists customers in developing video-over-IP platforms, and transforming legacy broadcast platforms to digital.
At the end of Monday’s trade, International Paper Co (NYSE:IP)‘s shares dipped -1.12% to $50.58.
International Paper Co (IP) declared the U.S. Treasury reference security yield to maturity for its formerly declared cash tender offer (the “Tender Offer”) for up to $750 million combined aggregate principal amount, which the Company has raised by $250 million to up to $1.0 billion combined aggregate principal amount (the “Tender Cap”) of its outstanding 7.500% Notes due 2021 (the “7.500% Notes”), 7.950% Notes due 2018 (the “7.950% Notes”), 9.375% Notes due 2019 (the “9.375% Notes”) and 4.750% Notes due 2022 (the “4.750% Notes”) and the outstanding 6.625% Notes due 2018 of Temple-Inland, Inc., a wholly-owned partner of the company, which notes are guaranteed by the company (the “6.625% Notes” and, together with the 7.500% Notes, the 7.950% Notes, the 9.375% Notes and the 4.750% Notes, the “Notes”).
The formerly declared expiration of withdrawal rights for the Tender Offer of 5:00 p.m., New York City time, on May 28, 2015, will not be extended; therefore, formerly tendered Notes may not be withdrawn after such time and any Notes tendered after such time will not have withdrawal rights.
The Tender Offer is subject to the satisfaction or waiver of certain conditions set forth in the Offer to Purchase, dated May 14, 2015 (as may be amended or supplemented from time to time, the “Offer to Purchase”). The condition that International Paper has obtained proceeds from a public offering of senior debt securities in an amount not less than the Tender Cap prior to the Early Tender Deadline has been satisfied.
International Paper Company operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East. The company operates through three segments: Industrial Packaging, Printing Papers, and Consumer Packaging.
Autodesk, Inc. (NASDAQ:ADSK), ended its Monday’s trading session with -0.92% loss, and closed at $53.56.
Autodesk, Inc. (ADSK) is announcing Autodesk Project Ignite, a free* and open learning platform that builds the skill and confidence of young learners through creative, hands-on design experiences focused on the latest technology trends like 3D printing and electronics.
Targeting K-12 schools, Project Ignite encompasses the end-to-end design experience, from idea to digital modeling to physical fabrication. It brings together free* and custom design software, step-by-step projects and for-purchase hardware options. Autodesk’s Project Ignite, Tinkercad and 123D Circuits web sites are COPPA safe-harbor certified by CARU Kid’s Privacy Safe Harbor Program.
With Autodesk’s long history in education, it understands first-hand how young learners have the potential to change the world when given the right tools and inspiration. The Project Ignite learning platform adds to Autodesk’s comprehensive free* offerings in education by delivering a unique package of technology, learning content and services created specifically to bring the Maker Movement into the classroom.
Autodesk, Inc. operates as a design software and services company worldwide. The company’s Architecture, Engineering and Construction segment offers Autodesk Building Design Suites to manage various phases of design and construction; Autodesk Revit products that provide model-based design and documentation systems; Autodesk Infrastructure Design Suites; AutoCAD Civil 3D products that offer a surveying, design, analysis, and documentation solution; and AutoCAD Map 3D software, which offers direct access to data needed for infrastructure planning, design, and administration.
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