J.P. Morgan Downgrades Starbucks to Neutral
The company’s rating was lowered after the stock climbed over 90% in the past 12 months.
Moody’s, Fitch Downgrade Boeing Credit Outlook
The ratings agencies lowered Boeing's outlook to negative due to concerns over the financial fallout from the grounding of the 737 MAX planes.
S&P Cuts Kraft Heinz Rating to Near Junk Grade
The rating agency believes Kraft Heinz "will be unable to meaningfully grow adjusted EBITDA" amid "significant" competition from other manufacturers.
Dun & Bradstreet Downgraded on LBO Financing
S&P cited leverage increases and turnaround execution risks.
Could High-Riding Netflix Be In for a Fall?
Changes in executive pay, the departure of its CFO, and almost $30 billion of cash obligations may be warning signs for Netflix's valuation outlook.
Rising Income Gap Threatens U.S. Credit Rating
"Pressures from rising inequality will exacerbate already material fiscal challenges on the horizon," Moody's warns in a report.
S&P Downgrades GE Rating on Power Woes
GE's "solid performance" in aviation and health care has been "overshadowed by weakness in the power segment," the rating agency says.
S&P, Moody’s Downgrade Turkey
Turkey's economy is being hurt by a 40% drop in its currency, the lira, and skyrocketing inflation.
S&P Warns of Negative Impact From GE Spinoff
The rating agency puts GE on watch for a possible downgrade, saying the healthcare spinoff could result in “more volatile profitability and cash flow.”
Internet Sales Tax Ruling Seen Boosting States
The Supreme Court decision “should provide a welcome incremental addition to state coffers" over the long term, S&P says.
Starbucks’ Credit Downgraded Over ‘Rapid Shift in Financial Policy’
S&P lowered the coffee retailer's corporate rating due to higher expected leverage from a plan to return $25 billion to shareholders by 2020.