Icahn Enterprises Facing Downgrade to Junk
Activist investor Carl Icahn's holding company has suffered significant losses on its energy investments, imperiling its credit rating.
Moody’s Says Cyber Risk Relevant to Ratings
The ratings agency would likely examine the duration and severity of a cyber attack to determine its credit impact.
S&P Puts Largest U.S. Banks On ‘Credit Watch Negative’
There is now a lower probability that the eight largest U.S. banks would be bailed out by the federal government in a crisis, says Standard & Poor's.
DBRS Fined $6M Over Credit Rating Methodology
The SEC's case against DBRS is the second this year involving credit rating agencies' evaluations of complex financial instruments.
SEC Strips Out Credit Ratings for Money Funds
A low credit rating on a short-term security will no longer prohibit a money market fund from investing in it.
Junk Bond Protections Find Deeper Bottom
Investors "continue to trade away protections and take on more risk in search of higher yields," says a Moody's analyst.
Moody’s Sees Doubling in Energy Firm Defaults
The fall in oil prices is expected to fuel an increase in the oil and gas default rate from 2.7% to 7.4% by March 2016.
Investment-Grade Spinoffs Likely to Keep Rating
Moody's report finds that 75% of investment-grade spinoffs avoided drop into speculative-grade territory.
Fitch Downgrades Japan’s Debt Due to Fiscal Doubts
Fitch attributed its downgrade in part to “the absence of broadly equivalent fiscal measures" to replace a delayed sales tax increase.
Spin-offs Dent Credit Ratings
Shareholders may greet some spin-off transactions warmly, but creditors may see only downside risks.
Another Year of Caution for Corporate Spending: Fitch
The credit rating agency forecasts another disappointing year for capex expansion and M&A, as companies continue their focus on cost containment.