Moody’s Cuts Corporate Debt Outlook to Negative
The Fed's unusual intervention in the market will help but "is unlikely to prevent distress at businesses with less certain long-term viability."
Moody’s Downgrades Ford Deeper Into Junk
The rating agency says the threat of "a severe and prolonged decline" in auto markets due the coronavirus adds to the pressures on the company.
J.P. Morgan Downgrades Starbucks to Neutral
The company’s rating was lowered after the stock climbed over 90% in the past 12 months.
S&P Cuts Oracle Rating on Stock Buyback Worries
With Oracle's buybacks exceeding free operating cash-flow generation, S&P is concerned the company will be overleveraged.
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.
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 Lowers Revlon Credit Rating to ‘CCC+’
"We believe Revlon will face difficulties to meaningfully improve its credit metrics during fiscal 2018," the rating agency says.
Fitch Lowers General Electric Credit Ratings
The rating agency says GE's return to higher margins and stronger free cash flow is going more slowly than it previously anticipated.
S&P Lowers Bed Bath & Beyond Credit Rating
The rating agency forecasts "continued weak operating results and gradually deteriorating credit metrics amid a challenging operating environment."
S&P Downgrades China on ‘De-Risking’ Doubts
The rating agency is concerned that China is not doing enough to "deleverage" its economy after years of credit-fueled stimulus.
S&P Downgrades Qatar Debt Amid Blockade
The rating agency believes the blockade by four Arab states could put pressure on the country's economic growth and fiscal metrics.