Gold Digger submits: Lehman LEH shares have been hammered or just killed in the past few days. And our beloved rating services are once again proving to be champions of creating chaos and market turmoil. But they are the byproduct of investing firms' laid back attitude and hands-off approach. Probably,...
TheSUBWAY.com: Names the following stocks to its Stock Alerts List: Renhuang Pharmaceuticals, Inc. (OTCBB: RHGP), Seaway Valley Capital Corporation (OTCBB: SWVC), Apple Inc. (NASDAQ: AAPL), RF Micro Devices, Inc. (NASDAQ: RFMD). Renhuang Pharmaceuticals, Inc. (OTCBB: RHGP) was featured today in an independent research report by Tony Carrion of Market...
MERRILL LYNCH BOOSTS RATING ON ALBERTSONS: Merrill Lynch & Co. has raised its rating on the stock of Albertsons Inc. to "neutral" from "sell," citing what appears to be improving fundamentals in the supermarket industry. In a research note, analyst Mark Husson attributed the neutral rating to Albertsons' below-average growth...
Marimba Inc's post-IPO honeymoon appears to be over, as its stock plunged yesterday following a lukewarm rating from Morgan Stanley Dean Witter & Co. The Palo Alto-based company's stock received a neutral rating as Morgan Stanley began coverage. The news was bad for a substantial drop...
PARIS AFP — International credit rating agency Standard and Poor's said it had cut its rating on the debt of French information technology services group Capgemini to junk status. The decision raised protest from the company and caused a 6.5 percent drop in its shares shortly after the stock...
LONDON--BUSINESS WIRE--Standard & Poor's CreditWire 10/1/97-- Standard & Poor's has today assigned a financial security rating of single-'A'-plus to the Lloyd's insurance market ("the Market"). The rating reflects Standard & Poor's view of the financial security offered to policyholders by the Lloyd's Market, regardless of the syndicates involved. ...
CGI has opened up the independent comparative rating market with a single rating source and rating service that benefits insurance companies, comparative rating firms, independent agents and customers. Rating algorithms at insurance companies are no longer only for batch processing or online quoting directly by their own agents. They can...
NEW YORK -- Fitch Ratings has downgraded the preferred stock rating for Fannie Mae to 'A+' from 'AA-'. Additionally, Fitch places the 'AA-' subordinated debt and preferred stock ratings on Rating Watch Negative. Fitch also has affirmed the 'AAA' long-term senior debt rating and 'F1+' short-term rating. The Rating Outlook...
NEW YORK & CHICAGO -- Fitch Ratings has downgraded Freddie Mac's (NYSE: FRE) preferred stock rating to 'A+' from 'AA-' and removed it from Rating Watch Negative.
OLDWICK, N.J. -- A.M. Best Co. has assigned debt rating of "bb+" to the $150 million non-cumulative perpetual preferred stock to be issued by AmerUs Group Co. AmerUs (NYSE: AMH) (Des Moines, IA). The rating outlook is stable.
CHICAGO -- Fitch Ratings has assigned a 'BBB-' rating to CNA Financial Corporation's CNA expected issuance of $500 million of five-year and 10-year senior notes issued in two tranches. In addition, Fitch has affirmed the 'BBB' Issuer Default Rating of CNA, as well as the ratings on its outstanding debt....
CHICAGO -- Fitch Ratings has assigned an 'A-' rating to MetLife, Inc.'s (NYSE:MET) new issuance of floating-rate non-cumulative preferred stock. In addition, Fitch affirmed MET's 'A' long-term issuer rating and the ratings on all the company's outstanding debt. The Rating Outlook is Stable. See below for a complete listing of...
Byline: Jeremy Adams in New York Goldman Sachs will become the latest, and one of the most important, Wall Street firms to launch a new stock rating system on November 4.The bulge bracket firm, which has been attempting to take a leading role in...
Shares of Comtech Telecommunications Corp. (Nasdaq: CMTL) plummeted 7 percent in midday trading to $41.55 after AG Edwards analyst Mark C. Jordan downgraded the stock to a hold rating from a buy.Jordan backed off of his rating after Comtech's stock had closed trading on Friday at $44.68, just below its...
The experience in the period during and after the crisis of 1997-98 has provoked an extensive debate about the credit rating agencies' evaluation of sovereign risk in emerging markets lending. This study analyzes the role of credit rating agencies in international financial markets, particularly whether sovereign credit ratings have an...
By Beth Healy, The Boston Globe Knight Ridder/Tribune Business News Jul. 6--It was the eve of the July Fourth holiday. The stock market would close early, at 1 p.m. And Sapient Corp., a Cambridge technology consultant, suddenly found a new analyst following its stock: Fidelity...
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...
Moody's downgrades PE's stock rating NEW YORK -- Moody's Investors Service has downgraded Pacific Enterprises' PE rating for preferred stock to "baal" and the company's rating for commercial paper to Prime-2. Moody's based its rating ac Moody's downgrades PE's stock rating NEW YORK --...
Business Editors NEW YORK--BUSINESS WIRE--Feb. 20, 2003 Fitch Ratings places the 'A' medium-term notes rating, 'A-' preferred stock rating, and 'F1' commercial paper rating of Countrywide Home Loans, Inc. Countrywide on Rating Watch Negative. Fitch also places the 'A' convertible debentures rating of parent company Countrywide Financial Corp....