B/E Aerospace debt ratings lowered by Standard & Poor'sSeptember 23rd, 2009 Some B/E Aerospace debt ratings loweredNEW YORK — Ratings agency Standard & Poor's said Wednesday it has lowered its long-term corporate credit rating on airline interior components manufacturer B/E Aerospace Inc. to junk status.
Shares of Marshall & Ilsley slip after Fitch places debt ratings on negative watchSeptember 2nd, 2009 Marshall & Ilsley shares down after Fitch watchNEW YORK — Shares of banking company Marshall & Ilsley Corp. were down Wednesday, after Fitch Ratings put the banking holding company's debt ratings on negative watch citing elevated loan losses.
Standard & Poor's lowers rating on some Continental debt, citing declining aircraft valuesSeptember 2nd, 2009 S&P lowers rating on some Continental debtNEW YORK — Standard & Poor's on Wednesday lowered the rating on some of Continental Airlines Inc.'s debt to a lower degree of junk status, citing declining aircraft values. Debt ratings can affect companies' borrowing costs.
Fitch reiterates Disney ratings after studio agrees to buy comic book company Marvel for $4BAugust 31st, 2009 Fitch reiterates Disney ratingsNEW YORK — Fitch Ratings reiterated its ratings for The Walt Disney Co. Monday in the wake of the company's announcement that it will buy Marvel Entertainment Inc.
S&P raises E-Trade credit ratings on completion of $1.74B debt exchangeAugust 26th, 2009 S&P raises E-Trade credit ratings on debt swapNEW YORK — Standard & Poor's Ratings Services on Wednesday upgraded online retail broker E-Trade Financial Corp.'s credit ratings after its newly completed debt exchange, but kept the ratings within junk territory. S&P raised E-Trade's credit rating one notch to 'CCC' from 'CC'.
Fitch expects to give Northrop Grumman's new senior notes an investment-grade ratingJuly 27th, 2009 Northrop Grumman debt to get investment-grade tagNEW YORK — Fitch Ratings said Monday it expects to assign an investment-grade rating to Northrop Grumman Corp.'s new senior notes. The military contractor's notes, which will be used to refinance debt maturing this year, will most likely be rated BBB+, the ratings agency said.
Fitch Ratings issues downgrades for Health Net on Pentagon's nonrenewal of key contractJuly 15th, 2009 Fitch downgrades Health Net RatingsNEW YORK — Fitch Ratings on Wednesday downgraded ratings for Health Net Inc. after the Pentagon decided not to renew a contract with the health insurance company.
Fitch downgrades Comerica's investment-grade debt ratings, with negative outlookJuly 1st, 2009 Fitch downgrades Comerica debt ratingsNEW YORK — Fitch Ratings on Wednesday cut Comerica Inc.'s investment-grade debt ratings, saying the bank's profitability is increasingly threatened by higher credit costs and the recession. Fitch lowered its issuer default ratings on Comerica and its lead bank Comerica Bank one notch to A from A+, keeping the rating within investment-grade range.
Airline shares rise as industry group see passenger declines easing; Fitch downgrades DeltaJune 25th, 2009 Sector Snap: Airline shares gain againNEW YORK — Airlines shares climbed Thursday, as an industry group said airline passenger declines may be leveling off. The AMEX Airline Index rose 3.9 percent at midday, with all 13 component stocks on higher ground.
Moody's downgrades ratings of 30 Spanish banks and other lendersJune 16th, 2009 Spanish bank ratings downgradedMADRID — Moody's Investors Service has downgraded the ratings of 30 Spanish banks and building societies, citing Spain's economic downturn and a big rise in non-performing loans. The country's two largest banks — Banco Santander and BBVA — retained their B rating in financial strength and Aa1 rating for long-term debt.
BofA, Boeing, Alcoa, Jazz Pharma, Cavalier Homes are among big market movers MondayJune 15th, 2009 BofA, Boeing, Alcoa, Jazz Pharma are big moversNEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Bank of America Corp., down 39 cents at $13.33
Prominent banking analyst Richard Bove hiked his price target on the stock, but said the bank may need $46 billion in loan-loss reserves this year. Boeing Co., down $1.92 at $49.52
A lackluster Paris Air Show kicked off on the heels of the plane maker's warning that it wouldn't see a slew of new jet orders.
India's Tata Steel downgraded amid burden of foreign acquisitionsJune 8th, 2009 Tata Steel downgraded on weakness of UK unitMUMBAI, India — Moody's downgraded the company rating of India's Tata Steel Ltd on Monday because of weak performance at its U.K. Corus unit — sign of how troublesome Tata's ambitious overseas acquisitions have become since the global financial crisis hit.
Dow Chemical to offer debt securities to cut debt, payoff preferred shareholdersMay 9th, 2009 Dow Chemical to offer debt securities to cut debtNEW YORK — Dow Chemical Co. announced a plan Friday to retire preferred shares used for its recent buyout of Rohm & Haas, a move that will save it millions in dividend payments.
FairPoint's credit ratings downgraded after plans aired to explore restructuringMay 8th, 2009 FairPoint's credit ratings downgradedPORTLAND, Maine — FairPoint Communications' credit rating has been downgraded by three ratings agencies after the company revealed it's considering hiring a financial adviser to explore a possible restructuring of its debt. In a regulatory filing this week, North Carolina-based FairPoint said an adviser would evaluate the company's financial situation.
Moody's downgrades New York Times, McClatchy credit ratingsApril 25th, 2009 New York Times, McClatchy credit ratings cutNEW YORK — Moody's Investors Service on Friday downgraded the credit ratings of The New York Times Co. and McClatchy Co.
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