For the first time in five years, American Media Inc. issued strategic guidance on its performance for the second half of its fiscal year — and the news looks good.

The financial update comes as Credit Suisse is reportedly growing skittish about becoming the chief banker attempting to raise $425 million to refinance the company’s long-term debt.

One source said he believed the rosy projections were being doled out as a way to reassure prospective investors who might be jittery about dealing with the company. The parent of the National Enquirer is still bogged down in controversy tied to its $150,000 payment to Karen McDougal for her silence about an affair she is alleged to have had with President Trump. AMI paid for the exclusive rights to her story but never ran it, a practice known as “catch and kill.”

AMI CEO David Pecker had turned rat and offered his cooperation to federal prosecutors probing the affairs of former Trump attorney Michael Cohen. Pecker was granted immunity in exchange for his cooperation.

But despite the swirling controversies tied to Pecker and his attachment to Trump, the company says it’s doing well, poised to post its best first-half results in several years. Revenues are estimated at $140 million for the period ending Sept. 30, up 5 percent from a year earlier. Its earnings were estimated to hit $48 million, which, if successful, would be up $8 million over a year earlier.

But what was telling was the fact that there was no news on the refinancing.

“As a result of AMI’s strong performance and its recent acquisitions, management is continuing to work with its board of directors and financial advisers to explore strategic alternatives with regard to its capital structure in order to reduce its overall cost of capital,” AMI said.