Loan forbearance offers to coronavirus-hit consumers are "prudent" but lenders' credit performance could “deteriorate rapidly” once they expire.
Fitch Ratings says industry consolidation and profitability should shield carriers from a temporary falloff in demand.
As coronavirus fears disrupt the economy, CFO is tracking the weakening in corporate credit ratings and the companies under stress.
The agency cited political unrest and growing links to the mainland as reasons for the downgrade.
The ratings agencies lowered Boeing's outlook to negative due to concerns over the financial fallout from the grounding of the 737 MAX planes.
However, they are also accomplishing less, with many U.S. filers doing little more than deleveraging the balance sheet to reduce debt to a manageable level.
The rating agency says GE's return to higher margins and stronger free cash flow is going more slowly than it previously anticipated.
The Vernon, Calif.-based company said it would keep its doors open while expanding its digital presence.
The office supply chain company is seeking to pivot after its failed bid for Office Depot.
The deal will expand Cardinal's medical products business but its shares dropped 11.5% on updated guidance for fiscal 2017.
Moody's says credit risk is rising at a time when the average dollar amount of negative equity at trade-in is at record levels.
Fitch Ratings warns that Trump's proposed tax cuts alone would not generate enough economic growth to offset the loss in revenue.
