MANILA, AFP ? Philippine central bank governor Rafael Buenaventura says it is not a foregone conclusion Moody's will downgrade the country's credit rating. Local newspapers, quoting unnamed government sources, said US rating agency Moody's Investors Service was expected to downgrade Philippine credit ratings by the end of the month....
NEW YORK AP -- Shares of PepsiCo Inc. fell for a third-straight day Thursday to their lowest level since January after an analyst's downgrade led to concerns about the company's restaurant business.
Business News IN BRIEF *Merrill Lynch has asked us to clarify a report from Friday's Independent, which stated Moody's had downgraded its rating of the bank. In fact, Moody's did not downgrade Merrill Lynch. It maintained its A1 rating with one change, moving to "review for downgrade". This...
INVESTORS WERE yesterday shaken by suggestions that ICI's debt rating could soon be on a receiving end of a downgrade which would leave it with a rating just one notch above "junk". Although at one point during the day ICI traded as low as 173p, the stock closed 5.25p weaker...
Rating agency Standard & Poor's has sharply lowered Delta Air Lines' creditworthiness, the latest sign of the big airline's failing financial health. The two-notch downgrade Wednesday drives up the airline's borrowing costs. It was Delta's second S&P downgrade since January. "Delta's prospects have gotten significantly dimmer," said S&P...
MOODY'S INVESTORS SERVICE, NEW YORK, has reviewed for possible downgrade the ratings of four classes of Hilton Hotels Pool Trust, Commercial Mortgage Pass-Through Certificates, Series 2000-HLT. Ratings placed on review for possible downgrade include Class C, currently rated Aa2; Class D, currently rated A1; Class E, currently rated A2; and...
Moody's today announced it placed on review for possible downgrade the A2/P-1 ratings of Egg Banking Egg. Moody's also changed the outlook on the D+ BFSR to stable from positive. The action follows the downgrade to A- from A (on review for possi ...
May 16, 2003 (The West Australian - ABIX via COMTEX) ABN Amro has downgraded its outlook for CSL following an earnings downgrade by CSL. The Australian blood plasma company reduced its forecast EBITDA for the year to 30 June 2003 from $A293m to between ...
Moody's today announced it placed on reviewfor possible downgrade the A2/P-1 ratings of Egg Banking Egg. Moody'salso changed the outlook on the D+ BFSR to stable from positive. Theaction follows the downgrade to A- from A (on review for possible furtherMoody's today announced it placed on reviewfor possible downgrade the...
London Standard & Poor's rationale for the recent downgrade of Swiss Re from a double-A-plus" to a "double-A" has been questioned by some reinsurance market observers. In the downgrade announcement issued on July 28, S&P s London Standard...
CHICAGO -- Based on a preliminary review and assuming the closing of the leverage buyout LBO, Fitch Ratings expects to downgrade and remove from Rating Watch Negative HCA, Inc. as follows:
MANILA, AFP ? Philippine central bank governor Rafael Buenaventura says it is not a foregone conclusion that Moody's will downgrade the country's credit rating despite strong signals the agency will act. Local newspapers, quoting unnamed but well-placed government sources, said Moody's Investors Service was expected to downgrade Philippine credit...
By Brian O'Connor, Daily Mail, London Knight Ridder/Tribune Business News May 25--Shell has cut another 110 million barrels of oil and gas off its proven reserves in the fourth downgrade since January. After further discussions with the US Securities and Exchange...
Polygon Insurance Company, the U.K. specialist aviation insurer, received a rating downgrade from Standard & Poor's from "BBB-plus" to "BBB-minus" with developing implications. The downgrade is the result of heavy losses su Polygon Insurance Company, the U.K. specialist aviation insurer, received a...
First the downgrade, then record earnings Mr. Karmanos is reacting to a downgrade in Compuware stock from analyst James Mendelson at tech-stock research specialists SoundView Technology Group Inc. in Stamford, Conn. According to reports ...
Moody's Investor Service granted struggling EchoStar a brief stay from a full downgrade, but still dropped the DBS company to a possible downgrade from a possible upgrade in the light of the failing News Corp. merger. Although Moody's "is concer Moody's Investor Service granted struggling EchoStar...
Glitnir's rating is unaffected by S&P's sovereign downgrade of Iceland. S&P states in a release today, that Glitnir's rating is not threatened by Republic of Iceland downgrade. Glitnir was rated by S&P in March 2006, as the first and only Icelandic Bank to date. Glitnir, the Nordic financial group, with...
BIRMINGHAM, Ala. -- Retailer Saks Incorporated (NYSE:SKS) (the "Company") today issued a response to Standard & Poor's decision to downgrade the Company's credit ratings.
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