Cellnex's bondholders have shown support for Chris Hohn's strategic changes, which include the departure of CEO Tobías Martínez and other board members. The company's bonds have seen price increases, reflecting market confidence in a future credit rating improvement. The stock price has also risen significantly since March 23, driven by board changes and the anticipation of a new CEO appointment. Analysts from Banco Sabadell, GVC Gaesco, and Citi have provided mixed views, with some maintaining a positive outlook while others express concerns over delays in leadership decisions.

Ford Motor Co. recently received an upgrade to investment grade by S&P Global Ratings, resulting in $46.8 billion of its debt being removed from junk bond indexes. This event contributed to the largest shrinkage of a global junk debt benchmark since 2005. The upgrade is seen as a sign of companies strengthening their finances in anticipation of a potential recession. The article discusses the broader trend of credit upgrades and the reduction of fallen-angel bonds, with strategists from Bank of America and Barclays Plc providing insights into the future of credit ratings. Barclays strategists predict more debt will be upgraded from junk to investment grade in 2024, with companies like Coty Inc., Cellnex Telecom SA, and Marks & Spencer Plc poised for potential upgrades. The article also touches on the benefits of rising star upgrades, such as lower borrowing costs and access to larger capital pools, and notes that other companies like Occidental Petroleum Corp. and Kraft Heinz Co. have also recently improved their credit status.

London's Underground network will begin a trial of 4G services on the eastern half of the Jubilee line in March 2020, with plans to extend coverage across the entire network by mid-2020. Over five million daily passengers will benefit from over 2,000 kilometers of new cabling. Transport for London will select a mobile provider from four short-listed bidders by September 2020, with future plans to introduce 5G. While this development is positive for mobile operators, it may increase noise levels on trains and affect the distribution of free magazines and newspapers.