Will companies "turn their attention from securing liquidity to unwinding their cash savings?"
Shareholder activist M&A or break-up campaigns continue to be the largest contributor to rating changes.
Under proposed legislation, smaller businesses would be targeted, and they would have to show a 50% revenue drop.
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.
While the automaker sees a return to profitability in Q3 after the $702 million Q1 loss, S&P is predicting only limited improvement.
The rating agency says PG&E may have limited access to capital amid liability claims.
The $12.8 billion investment prompted a downgrade by Standard & Poor's.
Turkey's economy is being hurt by a 40% drop in its currency, the lira, and skyrocketing inflation.
The Supreme Court decision “should provide a welcome incremental addition to state coffers" over the long term, S&P says.
S&P says there is a material risk Eastman Kodak will be unable to refinance a $395 million outstanding term loan.
S&P downgrades the bank, citing "the complexities of improving compliance and operational risk controls throughout its very large organization."
"We believe Revlon will face difficulties to meaningfully improve its credit metrics during fiscal 2018," the rating agency says.
