CFOs Still Clinging to Corporate Cash
Will companies "turn their attention from securing liquidity to unwinding their cash savings?"
Activist Investor Efforts Increasingly Lower Credit Ratings
Shareholder activist M&A or break-up campaigns continue to be the largest contributor to rating changes.
Will There Be a Second Round of Paycheck Protection Loans?
Under proposed legislation, smaller businesses would be targeted, and they would have to show a 50% revenue drop.
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.
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."