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.
Moody’s Deals a Blow to Ford With Credit Downgrade
The automaker's lackluster performance in profit margin and free cash flow leads the credit rating agency to relegate Ford's debt to junk status.
Moody’s, Israel’s Team8 to Offer Global Cyber Risk Standard
The joint venture will assess how vulnerable businesses are to cyber attacks.
S&P, Moody’s Downgrade Turkey
Turkey's economy is being hurt by a 40% drop in its currency, the lira, and skyrocketing inflation.
CFOs on the Move: Week Ending Aug. 3
Re-Bath, Tennant, Ankura, TransDigm, ServiceMaster Global, Cree, Hologic, Seagate Technology, DriveTime, Moody's
CFOs on the Move: Week Ending Feb. 2
Moody's, Clorox, Adobe, Allscripts Health, Quorum Health, Super Micro, Mack-Cali Realty, Fidelis Cybersecurity, Superior Energy, Cross Country Health
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 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.
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."
On the Menu for Restaurants: Higher Earnings
Revenue and operating income for U.S. restaurants will increase more than expected, said Moody’s Investors Service in upgrading its industry outlook.