FLY Fly Leasing Limited

By Matt Grossman

The S&P/BNY Mellon index of American depositary receipts gained 0.3% Monday to 152.86. The European index closed at 126.55, 0.8% higher. The Latin American and emerging-markets indexes closed lower, falling 0.3% and 0.2% to 195.29 and 393.1, respectively.

Weibo Corp. ADRs declined 13.5% to $38.33 after the company posted third-quarter results that included a smaller profit and flat revenue. The Chinese social-media company saw daily active users rise to 224 million in the quarter, compared with 216 million in the year-ago period, but its net income declined to 15 cents a share, down from 64 cents a share a year earlier.

ADRs for Nano Dimension Ltd. also declined following the Israeli company's announcement that it would sell 33.3 million ADRs to investors at $7.50 apiece. The company closed down 7.5% at $8.15

Fly Leading Ltd. ADRs dropped 7.6% to close at $9.73 after S&P Global Ratings downgraded the aircraft-leasing company's credit rating to BB- with a negative outlook. A continuing spate of new Covid-19 cases around the world is weighing on air travel, S&P said, adding that the trend will likely weaken Fly's earnings and credit profile through next year.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

December 28, 2020 16:53 ET (21:53 GMT)

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