S&P Questions Tesla’s Profitability Outlook
While the automaker sees a return to profitability in Q3 after the $702 million Q1 loss, S&P is predicting only limited improvement.
PG&E Falls Further After S&P Downgrades Credit Rating
The rating agency says PG&E may have limited access to capital amid liability claims.
Altria Buys Big Stake in E-Cigarette Company
The $12.8 billion investment prompted a downgrade by Standard & Poor's.
S&P, Moody’s Downgrade Turkey
Turkey's economy is being hurt by a 40% drop in its currency, the lira, and skyrocketing inflation.
Internet Sales Tax Ruling Seen Boosting States
The Supreme Court decision “should provide a welcome incremental addition to state coffers" over the long term, S&P says.
S&P Downgrades Eastman Kodak to ‘CCC’
S&P says there is a material risk Eastman Kodak will be unable to refinance a $395 million outstanding term loan.
Wells Fargo’s Credit Rating Takes a Hit
S&P downgrades the bank, citing "the complexities of improving compliance and operational risk controls throughout its very large organization."
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.
Sorry, Jodie Foster, Big-Budget Films Are Winning
Films with production budgets of more than $200 million are earning the highest worldwide box office returns, says Standard & Poor's.
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.