Standard& Poors Archives - CFO

Low Probability of Recession in the Next 12 Months: S&P

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.

By Vincent Ryan | August 13, 2018

S&P Warns of Negative Impact From GE Spinoff

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.”

By Matthew Heller | June 26, 2018

Revlon Earnings Hit by Weak U.S. Retail Sales

Financial Performance

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.

By Matthew Heller | March 16, 2018

S&P Downgrades Qatar Debt Amid Blockade

Global Business

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.

By Matthew Heller | June 8, 2017

S&P Downgrades IBM’s Credit Rating to ‘A+’

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."

By Matthew Heller | May 9, 2017

S&P Downgrades Toshiba Debt Ratings Again

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."

By Matthew Heller | March 17, 2017

Kohl’s Credit Rating Dinged by S&P

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.

By Vincent Ryan | January 12, 2017

Companies More Reluctant to Deploy Short-Term Cash

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.

By Vincent Ryan | November 3, 2016

Junk Bond Defaults to Rise 5.6% in Next Year

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.

By Matthew Heller | August 22, 2016

Exxon Loses AAA Credit Rating From S&P

Exxon Loses AAA Credit Rating From S&P

A rising debt level and dividends exceeding internally generated cash flow caused the downgrade.

By Matthew Heller | April 26, 2016

Global Debt Issuance Drops Sharply in Q1

Corporate Finance

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%.

By Katie Kuehner-Hebert | April 26, 2016

Rating Agencies Cut Outlook on China’s Credit

Rating Agencies Cut Outlook on China’s Credit

'Economic and financial risks to the Chinese government's creditworthiness are gradually increasing,' says S&P.

By Katie Kuehner-Hebert | March 31, 2016

Global Government Debt to Rise 2% in 2016

Global Government Debt to Rise 2% in 2016

S&P says the bulk of the growth in debt will be fueled by the U.S., China, Brazil and India, with emerging market debt increasing by 9.4%.

By Katie Kuehner-Hebert | February 29, 2016

Icahn Enterprises Facing Downgrade to Junk

Financial Performance

Icahn Enterprises Facing Downgrade to Junk

Activist investor Carl Icahn's holding company has suffered significant losses on its energy investments, imperiling its credit rating.

By Katie Kuehner-Hebert | February 22, 2016

Debt Downgrades at Highest Level Since 2009

Debt Downgrades at Highest Level Since 2009

The rating agency said it downgraded 892 corporate issuers (accounting for about $6.9 trillion in rated debt) in 2015.

By Matthew Heller | January 22, 2016