Moody’s Downgrade Highlights China Fears
The rating agency says China's "financial strength will erode somewhat over the coming years" as a result of excessive economy-wide debt.
S&P Downgrades IBM’s Credit Rating to ‘A+’
The rating agency says IBM's transition to operating stability as it spends heavily on new businesses "will take longer than we had previously forecast."
S&P Downgrades Toshiba Debt Ratings Again
The credit rating agency warns of "a growing likelihood that Toshiba will become unable to fulfill its financial obligations in a timely manner."
S&P Strips Under Armour of Investment-Grade Rating
The sports apparel company's credit rating is cut to 'junk' level on weakening margins and 'intense competition.'
Kohl’s Credit Rating Dinged by S&P
Specialty department store Kohl's has its corporate credit rating cut to BBB-, the lowest investment-grade rung.
VW Extends $21 Billion Credit Line to June
The carmaker is still hoping to return to the bond market as it continues to deal with the fallout from its emissions scandal.
S&P Signals Downgrade in U.K. Credit Rating
The "Brexit" will deter investment in the U.K.'s economy and put its financial sector at a competitive disadvantage, S&P predicts.
Moody’s Cut Deutsche Bank’s Credit Rating
Saying Deutsche Bank's restructuring plan faces substantial headwinds, Moody's downgraded the bank's unsecured debt and long-term deposit ratings.
Exxon Loses AAA Credit Rating From S&P
A rising debt level and dividends exceeding internally generated cash flow caused the downgrade.
Oil Price Fall Hits Saudi Arabia’s Credit Rating
Fitch Ratings reduced Saudi Arabia’s long-term foreign and local currency ratings to "AA-," the fourth-highest investment grade.
Rating Agencies Cut Outlook on China’s Credit
'Economic and financial risks to the Chinese government's creditworthiness are gradually increasing,' says S&P.