Western Gas names Donald R. Sinclair president of its general partnerOctober 1st, 2009 Western Gas names president of general partnerHOUSTON — Western Gas Partners LP said Thursday that it named Donald R. Sinclair the president of its general partner.
Moody's changes outlook on Sonic Auto debt to positive from negative, affirms junk ratingsSeptember 18th, 2009 Moody's changes Sonic Auto outlook to positiveNEW YORK — Moody's Investor Service on Friday affirmed the junk status of corporate family debt held by Sonic Automotive but it changed its outlook to positive from negative. The "Caa1" rating is on Sonic's corporate family debt and probability of default.
Moody's stock slides as government probes begin into credit rating agenciesSeptember 17th, 2009 Moody's stock slides on probes into credit ratingsDES MOINES, Iowa — Shares of rating agency Moody's Corp. fell Thursday as government agencies began looking into credit rating companies' actions during the financial crisis.
Moody's Investors Service considers downgrade for Sallie Mae ratings, citing profit, cash flowAugust 27th, 2009 Moody's mulls downgrade for Sallie MaeNEW YORK — Moody's Investors Service said it is considering downgrading long-term ratings for the nation's biggest student lender, Sallie Mae, citing earnings and cash-flow generation at the company. Sallie Mae, formally called SLM Corp., faces significant uncertainties over the political and consumer lending environment for student lenders, Moody's also said.
Sinclair Broadcast in deal to pay off $438 million in senior notes with new debt, shares jumpAugust 21st, 2009 Sinclair Broadcast, debt holders reach dealNEW YORK — Shares of TV station owner Sinclair Broadcast Group Inc., which has been suffering from a decline in advertising, jumped Friday after the company said it had reached a deal to pay off about $438 million in convertible notes with new debt. Its shares advanced 83 cents, or nearly 40 percent, to $2.98 in morning trading.
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 considers rating downgrade for loan program offered through Calif. pension fundsJuly 18th, 2009 Moody's may downgrade Calif. pension funds' ratingSACRAMENTO, Calif.
Sinclair Broadcast warns that ad sales slump and hefty debt burden may force Chapter 11 filingJuly 14th, 2009 Sinclair Broadcast warns of possible Ch. 11 filingTelevision station owner Sinclair Broadcast Group Inc.
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 sees no benefit for creditors from bank TARP repayments; no bank ratings changedJune 18th, 2009 Moody's: TARP repayments don't change bank ratingsNEW YORK — The repayment of about $68 billion in bailout money by 10 large banks may seem like signs of financial strength, but Moody's Investors Services said late Wednesday it's not in the interest of creditors in the short term. The ratings agency said "the repayments have the immediate effect of lowering capital levels and of shrinking liquidity positions at a time when economic and financial market conditions remain highly unsettled."
Moody's does not expect to lower the ratings of the 10 banks — among the largest in the country— who made repayments Wednesday.
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.
Standard & Poor's boosts New Orleans' bond rating to investment grade, move key to bond saleApril 21st, 2009 S&P upgrades New Orleans' bond ratingNEW ORLEANS — Standard & Poor's Ratings Services has boosted its bond rating for the city of New Orleans to investment grade, significant for the city as it continues recovering from Hurricane Katrina. After the 2005 storm, Standard & Poor's rated the city at below-investment grade, and an upgrade was seen as critical to the city's hopes of selling up to $80 million in bonds for infrastructure projects this year.
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