Moody's: Credit quality better but banks, airlines, real estate challengedOctober 15th, 2009 Moody's: Corporate credit rises, challenges remainNEW YORK — The analysts at corporate ratings service Moody's Investor Service were upbeat in their latest analysis of corporate credit, but they warn many companies still struggle with maintaining creditworthiness. The credit quality of rated businesses improved significantly in the third quarter, Moody's analysts said in a report released Thursday.
Moody's upgrades Jo-Ann Stores' rating on improved financial picture and performanceSeptember 2nd, 2009 Moody's upgrades Jo-Ann Stores' ratingNEW YORK — Moody's Investors Service on Wednesday upgraded its rating on Jo-Ann Stores Inc. as the retailer has improved its operating performance and financial picture.
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.
PetSmart's stock drops on analyst's downgrade, reduced full-year profit guidanceAugust 20th, 2009 PetSmart slips on downgrade, lowered forecastNEW YORK — Shares of PetSmart Inc. sagged in midday trading Thursday, squeezed by an analyst's downgrade and its lowered full-year earnings forecast.
Moody's raises rating outlook on Advance Auto Parts, affirms debt ratingsJuly 30th, 2009 Moody's lifts rating outlook on Advance Auto PartsNEW YORK — Moody's Investors Service said Thursday it raised its rating outlook on auto parts retailer Advance Auto Parts Inc. to positive from stable and affirmed its debt and liquidity ratings for the company.
S&P cuts ratings on Harley-Davidson, says motorcycle sales falling faster than expectedJuly 27th, 2009 S&P downgrades ratings on Harley-DavidsonNEW YORK — Credit ratings agency Standard & Poor's Ratings Services on Monday cut its ratings on Harley-Davidson Inc., citing the decline in sales at the iconic motorcycle maker. S&P cut Harley's corporate credit rating to BBB from BBB+.
Moody's places Manpower debt rating under review for possible downgradeJuly 27th, 2009 Moody's places Manpower debt rating under reviewNEW YORK — Moody's Investors Service on Monday placed the Baa2 long-term debt rating of Manpower Inc. under review for possible downgrade, saying the staffing company's credit could be weakened by declining profitability and revenue.
Moody's considers rating downgrade for loan program offered through Calif. pension fundsJuly 18th, 2009 Moody's may downgrade Calif. pension funds' ratingSACRAMENTO, Calif.
Moody's upgrades debt rating on Ohio utility company DPL and subsidiaryJune 26th, 2009 Moody's upgrades DPL and Dayton Power debt ratingsNEW YORK — Moody's Investors Service said Friday it has upgraded the senior unsecured debt rating for utility company DPL Inc. and the senior secured debt rating for its subsidiary Dayton Power & Light Co.
Moody's lowers ratings for KB Home citing operating losses, asset impairmentJune 22nd, 2009 KB Home ratings lowered by Moody'sNEW YORK — Moody's Investors Service on Monday downgraded all of the ratings of homebuilder KB Home, including its corporate family rating, its probability of default rating and its senior notes rating. The outlook for the Los Angeles-based company remains negative.
Sallie Mae, Nelnet awarded 5-year government loan-servicing contractJune 18th, 2009 Sallie Mae awarded gov't loan-servicing contractNEW YORK — The Department of Education says Sallie Mae and three other companies were chosen to service parts of its $550 billion in outstanding federal student loans and future loans owned by the government. Reston, Va.-based Sallie Mae, officially called SLM Corp., is the country's biggest student lender.
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.
Moody's reviewing UBS' key ratings for possible downgradesJune 15th, 2009 Moody's to review UBS' ratingsNEW YORK — Credit ratings agency Moody's Investors Service on Monday said it will review whether to lower key ratings for UBS AG, the huge Swiss bank that has been hit hard by the financial crisis and a U.S. legal probe into its American clients' offshore accounts.
Moody's lowers outlook on GATX to 'negative,' citing recession's effect on railcar leasingMay 30th, 2009 Moody's lowers outlook on GATX to 'negative'NEW YORK — Moody's Investors Service on Friday lowered its rating outlook on GATX Corp. to "negative" from "stable," saying the recession could further weaken the company's railcar-leasing business.
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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