Egan-Jones

Egan-Jones, an NRSRO founded in 1995, offers timely and accurate private placement ratings, credit research, and proxy voting services.

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Under the Wealth-Focused policy, Egan-Jones recommends Flex Ltd (FLEX) shareholders vote AGAINST keeping Deloitte & Touche as auditor, citing total fees of $26.1M for fiscal 2026, up 96.2% from $13.3M a year earlier and above the benchmark for the company's size.

[Egan-Jones @EganJonesRating]

For roughly three weeks in June, US export controls kept Anthropic's two most capable models, Claude Fable 5 and Mythos 5, offline worldwide, and in that window the Chinese lab https://t.co/4jiLzatMwh released GLM-5.2, an open model that ranks just behind the Western leaders at a fraction of the cost. If cheaper models keep catching up this fast, the top companies may not be able to charge as much, which could weigh on profits and credit quality across the AI supply chain.

Read more: https://t.co/gUGmzwueCh

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An issuer can learn how its credit is likely to be viewed before approaching investors, lenders, or an internal committee, without it becoming public. Egan-Jones provides that read through an indicative assessment, at no cost and before any formal rating.
Learn more: https://t.co/bzdcpNGZuC

[Egan-Jones @EganJonesRating]

The four largest US tech companies plan to spend about $725 billion this year on data centers, chips, and power, turning AI into a heavy industry. China makes about as much of the world's manufactured goods as the US, Japan, and Germany combined, so if that edge in building holds, it could shift where the profits land and weigh on credit across the AI supply chain.
Read more: https://t.co/gUGmzwueCh

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SpaceX, which absorbed xAI and now owns Grok and the Colossus supercomputers, has started renting that compute to rival AI labs, with Anthropic leasing all of Colossus 1 and Google taking Colossus 2 capacity through 2029. Holding the compute, the models, and the data centers under one roof echoes how AWS built its early lead in cloud, and it may point to SpaceX positioning its AI arm as an infrastructure provider and not only a maker of models.

Read more: https://t.co/RBkrlshKlI

[Egan-Jones @EganJonesRating]

AI models compete on three things: intelligence, speed, and price. A model that leads on any one can win the work that values it most, whether that is the hardest analytical problems, real-time systems like self-driving, or high-volume tasks at the lowest cost.

Read more: https://t.co/BgAndz3DMn

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Egan-Jones Ratings is the Lanyard Sponsor at Insurance Risk & Capital Americas 2026, hosted by Insurance Asset Risk and InsuranceERM, on 16 September 2026 at the Marriott Marquis, New York.

The conference brings the insurance risk community together across two tracks, Insurance ERM and Insurance Asset Risk, with chief risk officers, chief actuaries, and chief investment officers debating the most pressing issues facing the re/insurance industry.

Representing Egan-Jones on the ground:
Vanessa Hemavathi, CAIA - Senior Manager, Business Development

Connect with Vanessa on-site to discuss Egan-Jones ratings across insurer credit, asset risk, and capital.

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Egan-Jones Ratings is the Lanyard Sponsor at @SuperReturn US West 2026, hosted by @InformaConnect, September 14-15, 2026 at the Four Seasons Beverly Hills, Los Angeles.

SuperReturn US West is the West Coast edition of the SuperReturn series, convening LPs, GPs, and private market decision-makers for two days of fundraising, allocation, and private credit discussions.

Representing Egan-Jones on the ground:
Wick Egan - Director, Business Development & Operations

If you'll be there and would like to connect, reach out ahead of time to schedule.

[Egan-Jones @EganJonesRating]

Forty-nine of the fifty largest American life insurers hold assets that Egan-Jones rates. For insurance companies, Egan-Jones is recognized by the NAIC as a Credit Rating Provider for capital treatment and has been registered with the SEC as an NRSRO since 2007.
Learn more: https://t.co/e7jSTaD3AR

[Egan-Jones @EganJonesRating]

A credit rating change is often visible in a company's numbers before the rating itself moves. The Egan-Jones Ratings Change Anticipator is built to catch that early, flagging where a current rating has diverged from projected credit quality so a potential upgrade or downgrade can be seen before it happens.
Learn more: https://t.co/iUToaDO62c

[Egan-Jones @EganJonesRating]

For Microsoft, Meta, Amazon, and Google, the old software model meant low development costs, high switching costs, and few real competitors. AI reverses all three, raising costs, lowering switching costs, and opening the field to many rivals.

Read more: https://t.co/BSmgnLTmXb

[Egan-Jones @EganJonesRating]

The spot price for brent crude spiked to about $138 a barrel in early April, with the Strait of Hormuz shut since the war's outset in late February, then fell back to around $76, its lowest since before the war, as traffic through the strait resumed under the June 17 US-Iran deal even after Iran re-declared it closed on June 20.

[Egan-Jones @EganJonesRating]

Egan-Jones affirmed Airbus SE (AIR) at A with a Developing watch, in line with other NRSROs at A, with leverage easing to 35.8% of total capital even as quarterly revenue fell 6.6% to €12.7B on lower aircraft deliveries.
#CreditRatings #Airbus #Aerospace #EganJonesRatings

[Egan-Jones @EganJonesRating]

Egan-Jones upgraded HubSpot (NYSE: HUBS) from B- to B with a Developing watch as leverage fell sharply: Debt/EBITDA dropped from 14.9x for the fiscal year ending December 2024 to 1.5x for the fiscal year ending December 2025, with total debt down from $745M to $262M.
#CreditRatings #HUBS #HubSpot #EganJonesRatings

[Egan-Jones @EganJonesRating]

Egan-Jones affirmed Abbott Laboratories (NYSE: ABT) at A+ with a Developing watch (Other NRSROs: A+). Total debt more than doubled to $34.0B in the fiscal quarter ending March 2026, yet net debt is just 0.2x Abbott's market cap.
#CreditRatings #Abbott #ABT #EganJonesRatings

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Egan-Jones downgraded Papa John's International (NASDAQ: PZZA) to BB with a Developing watch. Other NRSROs: BB-.

Debt/EBITDA climbed to 5.0x from 3.8x as EBITDA fell to $186M from $253M even as total debt edged down to $936M.
#CreditRatings #PZZA #PapaJohns #EganJonesRatings

[Egan-Jones @EganJonesRating]

Egan-Jones affirmed JetBlue Airways (NASDAQ: JBLU) at CCC with a Developing watch. Other NRSROs: B-.

Net loss widened to $319M for the quarter ended March 2026, from $208M a year earlier, even as revenue grew 4.7%. Operating costs outran the top line.
#CreditRatings #JBLU #JetBlue #EganJonesRatings

[Egan-Jones @EganJonesRating]

Egan-Jones downgraded Xerox Corporation (NASDAQ: XRX) to CCC+ from B with a Developing watch (Other NRSROs: CCC+), as total debt to capital climbed to 89.4%.
#CreditRatings #Xerox #XRX #EganJonesRatings

[Egan-Jones @EganJonesRating]

Egan-Jones affirmed Wells Fargo (NYSE: WFC) at BBB+, in line with the other NRSROs at BBB+. Return on average assets held steady at 1.0% for the fiscal year ending December 2025, with nonperforming loans at 0.8% of total loans.
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[Egan-Jones @EganJonesRating]

Egan-Jones affirmed Deutsche Bank AG (ETR: DBK) at BBB, three notches below the A held by other NRSROs, with non-performing loans running at 3.0% of total loans.