Low Probability of Recession in the Next 12 Months: S&P
"The coming months will continue to enjoy tailwinds from fiscal policy while monetary policy remains supportive of growth," says an S&P economist.
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.”
Revlon Earnings Hit by Weak U.S. Retail Sales
The company posted “continuing declines across several beauty categories within the U.S. mass retail channel" in Q4.
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.
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."
S&P Downgrades Toshiba Debt Ratings Again
The credit rating agency warns of "a growing likelihood that Toshiba will become unable to fulfill its financial obligations in a timely manner."
Kohl’s Credit Rating Dinged by S&P
Specialty department store Kohl's has its corporate credit rating cut to BBB-, the lowest investment-grade rung.
Companies More Reluctant to Deploy Short-Term Cash
Global uncertainty weighed on U.S.-based companies as they accelerated their cash hoarding in the third quarter.
Junk Bond Defaults to Rise 5.6% in Next Year
S&P says continued stress on the energy sector from the oil price slump will drive defaults, offset somewhat by a likely delay in any interest rate hikes.
Exxon Loses AAA Credit Rating From S&P
A rising debt level and dividends exceeding internally generated cash flow caused the downgrade.
Global Debt Issuance Drops Sharply in Q1
Long-term corporate debt was particularly off, trailing the volume of issuance in last year's first quarter by 17%.