GE Commits to Cutting Debt By 35% Within 3 Years
The U.S. industrial conglomerate provided more clarity on its debt plans to soothe investor nerves, sending shares up.
Johnson & Johnson Borrows $7.5B to Fund Its Purchase Of Momenta
S&P Global Ratings said that the company’s adjusted debt to a measure of earnings is at a 15-year high.
SOX 404 Exemption Pushes Small Companies to Incur Debt: Study
To avoid the auditor attestation required by SOX 404, small companies often incur debt instead of selling stock, a new study finds.
Puerto Rico Reaches Deal Over $35B in Debt
The deal with supporting creditors “will reduce the amount of Commonwealth-related bonds outstanding to less than $12 billion.”
Kroger to Contribute up to $1B to Pension Plan
The contribution will "significantly address" the underfunding of the plan, which, as of Dec. 31, had a funding ratio of 75.8%.
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.
Emerging Markets Drive Debt to Record High
Global debt grew to $215 trillion, or 325% of global GDP, in 2016, with EM countries' debt more than tripling to $56 trillion over the past decade.
Household Debt Continues Slow Climb
U.S. consumers continue to enlarge their balance sheets with automobile and credit card loans, as well as mortgages.
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.
Assuring Lenders an Affiliate Transaction Is Fair
Doing a deal with an affiliate? Existing lenders or debtholders will require assurances that the transaction is carried out in arm’s-length fashion.
Venoco Files Chapter 11 Due to Oil Price Slump
The Denver company says the declining price of oil and the closure of a key pipeline "continue to be serious problems."