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.
Pension Plan Funding to Rise With Interest Rates
A gradual increase in the Federal Funds rate could push pension plans of U.S. issuers to fully funded status by the end of 2019.
Moody’s Slashes 2016 Forecast For Oil Prices
Moody's lowers its price assumptions for next year for crude oil benchmarks.
Moody’s Sees Credit Default Rate Rising to 3.4%
Facing "staggering adverse conditions," the commodity sector will account for a disproportionate share of the growth in defaults.