ECHD gets Issuer Default Rating, bond downgrade

Posted On Jun 2 2021 by

first_img ECHD gets Issuer Default Rating, bond downgrade Pinterest By admin – March 26, 2018 Twitter WhatsApp Twitter WhatsApp Previous articleFive things you need to know today, March 26Next articleCounty Commissioners accept annual financial report admin Facebook Roy Perkins, left, of God’s Way engages in a video conference with Richard Llanez using an app called Zoom on Wednesday in his home. Perkins uses Zoom to connect with an audience and speaks about the Holy Bible. Ector County Hospital District recently had their bonds downgraded by Fitch Ratings and received an Issuer Default Rating.ECHD’s rating was downgraded from BBB to BB+, with an Issuer Default Rating, and Fitch revised the rating outlook from negative to stable, a Fitch Ratings press release stated.The district had a weak fiscal 2016 and 2017 performance reflected a decline in the regional economy since recovered and an electronic medical record implementation in fiscal 2017, the release stated.Fitch expects the hospital district to improve profitability and operating margins with the hospital under new leadership, and with the return of CFO Robert Abernethy, creating an experienced management team, which changed the outlook rating from negative to stable, the release stated. Local NewsGovernment Facebook Pinterestlast_img read more


Cakes contribute to Waitrose’s 12% profit rise

Posted On Apr 20 2021 by

first_imgWaitrose posted a like-for-like sales increase of 3.4%, as part of parent company The John Lewis Partnership’s results for the year ended 26 January 2013.Gross sales were up 6.7% to £5.76bn at the grocery retailer, with revenue up 6.8% to £5.42bn, and operating profit up 12.2% to reach £292.3bn.This week, Waitrose also announced it would be adding 400 more lines to its Essential Waitrose range, during the course of 2013, and developing around 300 of its existing lines.Launched in 2009, the Essential range makes up around 18% of the supermarket’s sales, with around 1,800 lines currently.Among its operational highlights, the retailer noted that 19 new branches had opened – 11 supermarkets and eight convenience stores – with 4,700 new and improved products launched.“Particularly successful new lines have been ranges of celebration cakes and desserts and the Heston from Waitrose range of ready meals,” said the retailer.Over the past financial year, Waitrose has also seen its online sales grow by a whopping 49%.last_img read more


Ondo State Host Auto Rally 2018

Posted On Sep 8 2020 by

first_imgOlurotimi Akeredolu Also in support are Ondo state government, Nigeria Travel Week, Smokin Hills Golf Resort, Elizade University, Heritage Hotel, Sunview Hotel, Signatures Club, Template Lounge, Splendor Lounge, FRSC and NADDC.Apart from the professional drivers that would be manning a number of race cars that have been scheduled to burn the tracks in Ondo State, the two-man race between the governor and Chief Ade. Ojo is expected to be the highlight race for the Day 2 of the event.Omolade said, car lovers from different parts of the country would be converging on Friday November 16 at the Smokin Hill Golf Course for registration before the off road race of 4×4 category will be flagged to set the event rolling.“From the maiden edition’s experience of last year, we have scheduled the off road race for the first day. So we will be able to manage the time for the other races that are coming at other venues.“For your information, 1.8 litre engine race also known as the Sunshine race will be participating in this year’s event. A lot of entertainment awaits participants and audience. Also, there is Special Golf Kitty at Smokin Hills, Ilara-Mokin,” he noted.This year’s event is meant to spike local tourism.  We will be employing about 250 people to man the different aspects of the race.Racers attending the event from Lagos are expected to assemble at the Lagos Ibadan Toll gate in Lagos by 7:00am on Friday November 16.They would be led by Federal Road Safety Corps officials in a convoy down to Ilara- Mokin where the first leg of the two-day event will take off. The flag off is scheduled for 2:00pm same day.The event would be rounded up with drifting/car stunt at the Arcade on Igbatoro Road Akure. There would performances by artists, Mizz Kiss, Vermis Bakare, Lala Eleniyan, Fawazzy and others before the presentation of prizes to winners. Over N3 million is at stake as prize money.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The Executive Governor of Ondo State, Rotimi Akeredolu, has been announced by the organisers of the Ondo Auto Rally as the main host of the event billed to touch down at different spots in the state, from Friday November 16th through Saturday November 17th, 2018 at the state capital, Akure.According to the Coordinator of the 2018 race, Olumide Omolade, the governor is also being prepared to host an exhibition of two-man race that would feature himself and founder of Elizade Nigeria Ltd/Chairman of Toyota Nigeria Ltd, Chief Michael Ade Ojo (OON).The event is sponsored by Toyota Nigeria Ltd, Elizade Nigeria Ltd, SMT Nigeria (Volvo), JAC, Meristem, Eterna Oil, Air Namibia, Pepsi and ONDIPA.last_img read more