-- Brightline, the first private US passenger railroad in more than a century, obtained an investment-grade rating on its proposed senior municipal bonds in advance of a planned refinancing of $3.6 billion of debt.Trump Got His $175 Million Bond From a Billionaire Fan’s CompanyS&P Global Ratings assigned a preliminary BBB- rating, its lowest investment grade, to $2 billion of tax-exempt Brightline bonds, which are likely to be issued this month by the Florida Development Finance Corp.
The investment-grade rating could broaden the market for the higher-speed rail line’s municipal debt and lower its borrowing costs, market watchers say. Brightline’s current muni-bond debt is unrated.Mohammed Al Shalloudi, a 21-year-old graduate data analyst in the United Arab Emirates who invested in Donald Trump's social media company, has little in common with the former U.S. president's political supporters.
Trump’s social media platform says it’s above ‘traditional key performance indicators.’ An auditor has substantial doubt it can continue as a going concern -Shares of Donald Trump's social media company plunged 21% on Monday, wiping out the gains from its debut last week, after disclosing millions in losses and saying it would struggle to meet its financial liabilities going forward.
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