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.
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.
Standard & Poors lowers rating on Brown shoe over performance concernsSeptember 1st, 2009 S&P lowers rating on Brown ShoeNEW YORK — Standard & Poor's Ratings Services on Tuesday lowered its corporate credit rating on St. Louis-based Brown Shoe Co.
Moody's lifts Bowne outlook to 'stable' from 'negative' after debt repaymentAugust 19th, 2009 Moody's ups Bowne outlook to 'stable' on repaymentNEW YORK — Bowne & Co. Inc., which helps companies make and distribute documents for shareholders and investors, said Tuesday that Moody's Investors Service changed its outlook on the company to "stable" from "negative" after it paid down about $60 million in debt.
Moody's assigned 'Ba1' rating to Watson Pharma sale of $850M in senior unsecured notesAugust 18th, 2009 Moody's rates Watson note offering as 'junk'NEW YORK — Moody's Investors Service on Tuesday assigned a "junk" rating to Watson Pharmaceuticals Inc.'s $850 million offering of senior notes. Moody's gave a Ba1 rating to the sale of five- and 10-year notes.
Sotheby's 2nd-quarter earnings slide on weak sales and restructuring chargesAugust 4th, 2009 Sotheby's 2Q profit drops 87 percentNEW YORK — Sotheby's said on Tuesday said it earned a sharply lower second-quarter profit as revenue slid and the recession dampened demand for art worldwide. In the period ended June 30, net income declined 87 percent to $12.2 million, or 18 cents per share, compared with $95.3 million, or $1.41 per share, a year ago.
Moody's assigns investment grade rating to International Paper's new senior notes offeringAugust 3rd, 2009 International Paper's note offering gets ratingNEW YORK — Moody's Investors Service on Monday assigned an investment grade rating to International Paper Co.'s new senior notes offering. The ratings agency gave the Memphis, Tenn.-based company a "Baa3" rating on its offering and rated its outlook negative.
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.
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.
Standard & Poor's lowers some Washington Post credit ratingsJune 26th, 2009 S&P lowers Washington Post corporate credit ratingNEW YORK — Standard & Poor's Ratings Services on Friday lowered its corporate credit and senior unsecured issue-level ratings on Washington Post Co. to A from A+.
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.
Capital infusion will ease banks' rating pressure: Moody'sJune 8th, 2009 NEW DELHI - The government's decision to infuse fresh capital in public-sector banks (PSBs) will ease the rating pressure that they face because of the quality of loans, says the economic intelligence arm of global rating agency Moody's. "Asset quality at PSBs (public-sector banks) is bound to deteriorate over the short-to-medium term, while the level of restructured loans is also expected to increase significantly, therefore elevating their credit risk profile," said Nondas Nicolaides, vice president and senior analyst at Moody's.com in a statement Monday.
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.
Sotheby's announces reduction in global work force, salary cuts due to economic downturnApril 29th, 2009 Sotheby's plans 5 pct cut in work forceNEW YORK — Sotheby's Inc. says the economic slowdown is forcing the auction house to slash its global work force by another 5 percent.
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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