S&P Warns of Negative Impact From GE Spinoff
The rating agency puts GE on watch for a possible downgrade, saying the healthcare spinoff could result in “more volatile profitability and cash flow.”
Moody’s Cuts Tesla Rating on Model 3 Woes
The downgrade to a B2 rating reflects "the significant shortfall in the production rate" of the Model 3 vehicle and liquidity pressures, Moody's says.
Tax Cuts Come With Writedowns for Insurers
S&P estimates the cut in the corporate tax rate will result in an aggregate writedown of about $14 billion of life insurers' deferred tax assets.
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.
Toys R Us Downgraded as Refinancing Looms
S&P cites the possibility that Toys may address maturing bonds at less than par or engage in a broader restructuring.
S&P Sees More Sovereign Downgrades This Year
Negative rating actions on sovereign debt "are likely to continue to outnumber positive actions over the coming 12 months," S&P says.