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974 Sentences With "credit ratings"

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The OECD highlighted that the low-rate environment and mechanics of credit ratings have allowed companies to increase debt ratios and maintain their credit ratings.
" requiring the use of credit ratings and then moving to the opposite extreme in Dodd-Frank, telling that they can't rely on credit ratings," he told IFR.
"Credit rating agencies should use company financials and project information in credit ratings work, and cannot link the credit rating of companies with local government credit ratings," the NDRC said.
"Singtel and Optus' credit ratings are strong and we remain financially disciplined and committed to maintaining our investment-grade credit ratings," Singtel, Southeast Asia's largest telco, said in a statement.
It noted, for example, that companies with poor credit ratings are able to borrow at interest rates that are unusually close to the rates for companies with good credit ratings.
In a note published Monday, the independent credit ratings agency retained a "stable" outlook for the embattled German lender, affirming its long and short-term issuer credit ratings at 'BBB+/A-2'.
ONCE upon a time, countries jealously guarded their credit ratings.
Lower credit ratings raise the cost of borrowing, for example.
Fitch and Standard & Poor's downgraded Argentina's credit ratings on Friday.
One way to measure this is to compare credit ratings.
It has been exempted from securing domestic Chinese credit ratings.
Ratings agencies have also warned of further credit ratings downgrades.
They also have higher credit ratings, so capital is cheaper.
The bank is also under pressure from credit ratings agencies.
The company declined to comment on the credit ratings downgrades.
Detroit's credit ratings, while still junk, were upgraded last year.
And credit ratings agencies are worried about SoftBank's debt levels.
Separately, Aydin also said that talks to buy a stake in credit ratings agency JCR Eurasia are still going on, adding that if the talks fail, Turkey could still launch its own credit ratings agency.
However, SoftBank's bonds hold junk status from major credit ratings agencies.
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS.
When corporate bottom lines are threatened, credit ratings can be downgraded.
Illinois already has the lowest credit ratings among the 50 states.
Moody's said in a statement AT&T's credit ratings remain unchanged.
Fitch Ratings and Moody's Investors Service upheld Boeing's credit ratings but warned that the worldwide grounding is going on longer than anticipated, driving up Boeing's costs and hurting cash flow, putting its credit ratings at risk.
Credit ratings agencies like Fitch, Standard & Poor's and Moody's have a presence in China through joint ventures, but the new deal would allow wholly foreign-owned financial services firms to provide credit ratings services in China.
Initially, the company will incorporate cyber risk into its existing credit ratings.
S&P cut the credit ratings of 23 Australian financial institutions. 2.
However, two prominent credit ratings agencies have divided views on the matter.
Don't forget: Many employers check credit ratings when people apply for jobs.
This crisis is not about arcane matters like credit ratings and derivatives.
But the number of credit ratings agencies — now 10 — has not grown.
Municipalities with AAA credit ratings shouldn't have a problem managing additional debt.
On Friday, Moody's and S&P Global lowered their sovereign credit ratings.
But on Wednesday, the head of sovereign credit ratings at S&P Global told Reuters that the rising deficit and looser fiscal policy could prompt negative action on U.S. credit ratings unless Washington addressed long-term budgetary issues.
Credit ratings agencies have expressed doubt that Lebanon can meet its deficit goals.
Because of the lack of consumer credit ratings, they vet borrowers in person.
But it will factor into the determination of company credit ratings going forward.
In 2015 the government awarded eight firms licences to develop consumer-credit ratings.
Ten credit ratings agencies are currently registered and operating in the United States.
Failure to meet the target could hit Japan's sovereign credit ratings, he added.
Credit ratings agencies have been directly regulated by the SFC since June 2011.
It did not change its AAA long-term credit ratings on the entity.
How do credit ratings and the like wind up making the problem worse?
Monday's hearing was for a subcommittee looking specifically at the credit ratings industry.
Related Research ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS.
The commission set up the Office of Credit Ratings to register new entrants.
Last month, Moody's downgraded Qatar's credit ratings below those of several Gulf states.
The firm also closed short positions in the credit-ratings agencies and Mallinckrodt.
Rising borrowing costs might complicate things further for issuers with weak credit ratings.
Moody's said the deal would pile up debt and hit Takeda's credit ratings.
This can enable them to knock down their debts and built their credit ratings.
MEXICO'S PRESIDENT LOPEZ OBRADOR SAYS RESPECTS DECISIONS OF CREDIT RATINGS AGENCIES, FOLLOWING RATINGS DOWNGRADE
Related Research Lebanhere ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS.
Fitch Ratings Fitch Ratings is a leading provider of credit ratings, commentary and research.
Some Gulf states have strong credit ratings but lack experience managing big debt loads.
The rand has also been hit by concerns about a possible credit ratings downgrade.
Illinois has the worst-funded pensions and lowest credit ratings among the 50 states.
Illinois has the lowest credit ratings and worst-funded pensions among the 50 states.
Some investors are cautious as Detroit's credit ratings remain solidly in the junk level.
Against that backdrop, he expects the country's sovereign credit ratings to improve this year.
A third budget-less year risks potential downgrades of Illinois' already low credit ratings.
The rand held on to gains despite continued fallout triggered by credit ratings downgrades.
The district's credit ratings have been slashed to "junk," leading to ballooning borrowing costs.
Lawmakers changed credit freeze laws and instilled new regulatory oversight of credit ratings agencies.
Credit ratings agency Fitch downgraded Hong Kong on Friday, citing turmoil in the city.
But with the changing environment, the credit ratings on such bonds are going down.
Investment agencies have revised Turkey's credit ratings, and Turkey's banks have almost stopped lending.
The former resulted in a U.S. debt downgrade from credit ratings agency S&P.
As with bonds, investors can manage risk by choosing companies with high credit ratings.
The company began leasing to high-risk individuals with poor or nonexistent credit ratings.
The company began leasing to high-risk individuals with poor or nonexistent credit ratings.
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They both now have international credit ratings, making it easier for them to issue bonds.
S&P does not have a set schedule to review China's credit ratings, Tan said.
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Political instability could also exacerbate investor worries about Portugal's faltering growth and its credit ratings.
Illinois' deep financial woes have left it with the lowest credit ratings among U.S. states.
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Indicated 1.6 percent lower Moody's has downgraded the bank's credit ratings, with a stable outlook.
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The credit ratings of all countries and projects "were carefully and jointly evaluated", he said.
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Pricing on the uncommitted portion is based on Noble's current credit ratings of BB-/Ba250.
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Consulting firms McKinsey and Deloitte — along with credit ratings company Moody's — have publicly endorsed them.
It also comes as South Africa is trying to fend off a credit ratings downgrade.
Escalating pension payments, drained reserves and debt dependency have pushed CPS' credit ratings to junk.
Nearly all endorsed credit ratings relate to non-EU issuers and financial instruments, it said.
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Credit ratings firms are calling for a modest but noticeable uptick in defaults this year.
Most of the borrowers with junk-level credit ratings are already carrying a debt load.
Farhad: Let's start with Equifax, the credit ratings agency that got epically hacked last month.
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GM has said the plan would put the company's investment grade credit ratings at risk.
Moody's said the new cyber rating product was not related to its credit ratings service.
Toms said companies with credit ratings of B or BB by Moody's and Standard & Poor's — i.e.
Illinois has the lowest credit ratings and worst-funded public pensions among the 50 U.S. states.
In Italy, Enel as well as energy giant ENI boast credit ratings above Italy's BBB/Baa2.
Moving Eskom's debt to the government's balance sheet put South Africa's sovereign credit ratings under pressure.
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Morningstar Credit Ratings thinks the mall's loan is likely to default when it matures in 2022.
Morningstar — The financial information company announced the acquisition of credit ratings agency DBRS for $669 million.
The bias was more apparent on loans that were not scrutinized publicly by credit ratings agencies.
To receive money through this framework, banks must guarantee assets with high credit ratings as collateral.
Credit ratings agencies that didn't have policies and procedures in place to manage issuer-pay conflicts.
The long-term liabilities can also affect credit ratings and borrowing costs for an individual state.
The action brought Chicago stable outlooks on its credit ratings from S&P and Fitch Ratings.
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On Friday, credit ratings agency Fitch downgraded San Marino to BBB minus, with a stable outlook.
In August, S&P and Moody's cut their credit ratings on Noble, citing high default risks.
That liability and chronic budget deficits have resulted in low credit ratings and high borrowing costs.
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If you think that "security ratings" sound a little like "credit ratings", you are not wrong.
Moving Eskom's debt to the government's balance sheet could also endanger South Africa's sovereign credit ratings.
Both funds focus on corporate bonds with strong credit ratings: investment grade, in fixed-income parlance.
Credit ratings agency Moody's was a lot more pessimistic about SoftBank's new approach than some analysts.
Aramco made $111.1 billion in profit last year, according to data provided to credit ratings agencies.
Separately, Moody's downgraded credit ratings for both Gap and fellow retailer Macy's (M) to junk status.
The rapid deterioration of public accounts has cost the country its coveted investment-grade credit ratings.
The move prompted both Moody's and Fitch to cut Atlantia's credit ratings, now below investment grade.
Earlier this month, credit-ratings firm Fitch upgraded its view of VietinBank to B+ from BB-.
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In fact, in terms of default probability, the difference between the highest credit ratings is pretty trivial.
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As a result, Illinois' credit ratings were downgraded to a notch or two above the junk level.
Most of its products are manufactured in Asia, according to credit ratings agency Moody's Investors Service Inc.
Morningstar Credit Ratings estimates that half of the remaining loans will have difficulty refinancing, Bloomberg News reported.
Moody's is the second major credit ratings agency to weigh in on aspects of Illinois' new budget.
It dabbled in using data to generate credit ratings, but users found that creepy, so it stopped.
Illinois has the lowest credit ratings and the widest so-called credit spread among the 50 states.
Some analysts expect Italy will have its credit ratings downgraded on the back of the extra spending.
It generated sales last year of $2.7 billion, according to credit ratings agency Moody's Investors Service Inc.
Credit ratings agency Fitch downgraded Pemex in January, citing precarious finances and a collapse in oil output.
Look at how some of the other candidates and their cities have done, and their credit ratings.
Those whose contracts remain intact could still be denied desired credit ratings or be deprived of loans.
But while growth may not be boosted as much as economists want, Russia's credit ratings may benefit.
The city's 'AAA' long-term and 'A-1+' short-term issuer credit ratings were left unchanged however.
On Friday, Moody's put 55 mining and metals companies on review for downgrades to their credit ratings.
Britain and France have very similar credit ratings and roughly comparable levels of debt relative to GDP.
The report also shows continued growth in sales to those with subprime and deep subprime credit ratings.
Crown Resorts is currently rated two levels above junk grade by the three major credit ratings firms.
After all, the bank had used their personal information, taken their money, and impaired their credit ratings.
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The deal simplifies Williams' corporate structure, streamlines governance and maintains investment-grade credit ratings, the company said.
The index does not exclude countries based on credit ratings but does exclude countries with capital controls.
It had revenue in 2015 of $850 million, according to credit ratings agency Moody's Investors Service Inc.
The action affects about $8 billion of outstanding general obligation bonds, according to the credit ratings agency.
A reckless CEO, cashing in in credit ratings and assets, can lead a company to quick failure.
Corporate bond markets are also arguably more dependent on credit ratings than during the last global crisis.
Nissan was left to deal with credit ratings agencies' warnings that they may downgrade the company's debt.
Lower credit ratings make life financially tougher for debt-laden companies, because it raises their interest expenses.
The firm conducts its own credit analysis and does not rely solely on credit ratings or insurance.
He did not name the entity, but said potential issuers had to have investment-grade credit ratings.
Last year, it generated revenue of approximately $321 million, according to credit ratings agency Moody's Investors Service.
They faced long-term consequences such as bad credit ratings and barriers to securing employment and housing.
The company monitors everyday monthly payments and reports them to credit agencies to improve customers' credit ratings.
The credit ratings agency Standard & Poor's put the Chinese parent company on negative credit watch on Monday.
Nevertheless, the states continue to benefit from certain inherent advantages that result in mostly high credit ratings.
Illinois has the lowest credit ratings and pays the highest borrowing costs among the 50 U.S. states.
This has led to improved credit ratings and lower financing costs from which the customer ultimately benefits.
"Otherwise the debt burden will rise and credit ratings could enter the zone of risk," Dubovitsky added.
The cyber health of companies has in the past had an impact on credit ratings as well.
This includes eight small, northern members of the European Union (EU) with bad weather and good credit ratings.
Those include possible "junk" credit ratings, a halt to state-funded road projects, and suspension from national lotteries.
On May 24, Moody's Investors Service downgraded China's credit ratings for the first time in almost three decades.
Last year, the country won back investment-grade credit ratings from two of the three largest rating agencies.
Meanwhile, credit ratings agency Fitch said outflows since the second quarter of 212 has likely topped $1 trillion.
Ravi Bhatia, an analyst at Standard & Poor's credit ratings agency, said the deficit appeared "sizeable but not humongous".
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Fitch, a credit-ratings agency, predicts that the airline will remain in the red until at least 2022.
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Uruguay has investment grade credit ratings on the low end of the scale from all three major agencies.
We've discussed the performance of equities based on their credit ratings quite often over the last several years.
In reaction to that move, some energy stocks with below-investment-grade credit ratings have staged incredible rallies.
The two nations have lower credit ratings and face higher risks of social unrest than other Gulf states.
It kept both local and foreign currency credit ratings unchanged at BB+ in November, with a stable outlook.
Not so fast, particularly if you're talking about credit ratings agencies like Moody's Investors Service and Standard & Poor's.
The credit ratings agencies played an enormous role in generating billions of dollars in losses during the debacle.
Lower credit ratings could make borrowing more expensive but are unlikely to significantly change access to debt markets.
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The ongoing debt reduction should also ensure a positive ongoing outlook from the credit ratings agencies, he said.
Its share price collapsed and credit ratings downgrades, management upheavals, asset writedowns, asset sales and a fundraising ensued.
Debt dependency, drained reserves and escalating pension payments have pounded CPS' credit ratings deep into the junk category.
However, non-NRSRO personnel may participate in determining credit ratings issued by or on behalf of the NRSRO.
Moody's Investors Service, which provides credit ratings, asked Long to come to its offices and defend her findings.
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The accounts revision, mounting debt and possible credit ratings downgrades have raised investor concerns over Asiana's liquidity position.
S&P said it affirmed its A/A-1 long- and short-term issuer credit ratings on Danske.
S&P affirmed BIDV's respective B+ and B long-term and short-term issuer credit ratings this month.
Rating agencies might downgrade their credit ratings on Britain if Brexit were to happen, J.P. Morgan analysts said.
Credit ratings agency Moody's said on Tuesday that ports and airports could face "dramatic" restrictions without a deal.
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Certain higher-risk families were excluded, like those with more than four children or with bad credit ratings.
Financial fears that once seemed implausible — overdraft fees, missed mortgage payments, lowered credit ratings — are now consuming many.
The same moral compass should govern commercial applications of A.I., such as credit ratings, prison sentencing and privacy.
"In the worst case, entire industries could be destroyed," the credit ratings agency Moody's told clients on Friday.
Companies with weak credit ratings often also find it harder to raise more cash by selling new bonds.
Expressed by one of the world's top credit ratings agencies, however, the misgivings will be harder to ignore.
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Credit ratings agencies Fitch and Moody's keep Bulgaria's sovereign ratings at investment grade at BBB- and Baa2, respectively.
LONDON (Reuters) - Ratings agencies S&P and Moody's cut their credit ratings on commodities trader Noble Group (NOBG.
Global sales are expected to dip by about 21.51% in 22018, according to Fitch, a credit ratings agency.
A new Office of Credit Ratings within the SEC is supposed to provide a check on this appetite.
Leveraged loans are extended by banks to companies with weak credit ratings and sold in bundles to investors.
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It pounds the credit ratings of roughly 20% of US consumers, according to the Consumer Financial Protection Bureau.
The bank's capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific.
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The bank's board pointed to economic uncertainty and the risks over the credit ratings of state oil firm Pemex.
European Union attempts to inject more competition into credit ratings have so far failed to get off the ground.
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But a select group of powerful global multinationals carry higher credit ratings than the country where they are based.
However, Fitch believes financial market participants will continue to rely on credit ratings given the absence of viable alternatives.
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Credit ratings agencies have classified Lebanon as sub-investment grade - or junk - on a par with Egypt or Angola.
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Deutsche, which like all financial institutions, is among big issuers of debt securities and highly reliant upon credit ratings.
Markets reacted calmly to Standard & Poor's decision to downgrade the credit ratings of Saudi Arabia, Bahrain and Oman overnight.
All opinions expressed are those of Fitch Ratings ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS.
Luxembourg also has close trade and investment links, according to analysis by S&P Global, a credit-ratings agency.
CREDIT RATING Credit ratings agency Fitch downgraded Pemex in January, citing precarious finances and a collapse in oil output.
Noble stock tanked 12 percent on Friday on the back of a credit ratings downgrade from Standards and Poor's.
Illinois, which has the lowest credit ratings among the 50 states, evaded downgrades to junk with the budget enactment.
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Others, such as Truckloads, allow drivers to filter for shippers' credit ratings and thus the likelihood of getting paid.
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Credit ratings agency Moody's warned of more output declines if oil producers defaulted on debt because of low prices.
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A significant number of IL&FS' borrowers were either unrated or had poor credit ratings, the RBI report said.
Academic studies have shown that independent boards are associated with higher credit state credit ratings and sounder funding policies.
Both Moody's and Standard & Poor's ratings agencies cut Turkey's sovereign credit ratings deeper into "junk" territory late on Friday.
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Otherwise, the account could possibly hurt instead of help the credit ratings of both you and your child. 2.
The credit-ratings agency Fitch Ratings downgraded the company further into speculative or noninvestment-grade territory earlier this week.
In a world starved of yield, there are alternatives like buying corporate debt from companies with weaker credit ratings.
Another fintech firm backed by Peter Thiel, Kreditech provides credit ratings and loans to people without a credit history.
Much of the day-to-day work, though, is sorting out bank accounts, credit ratings, car insurance, technical problems.
Then the plunge of oil prices from 2014 dramatically reduced state revenues, its credit ratings fell and debt soared.
Her mother is a lawyer in the Office of Credit Ratings at the Securities and Exchange Commission in Manhattan.
Sharing data on defaults would make it easier for reliable credit ratings for individuals to become available in China.
The credit ratings agency cited production delays and said Tesla may soon need to raise more than $212 billion.
That underpins its credit ratings, and its bumper issuance in February and March was three times oversubscribed by investors.
Mattel in October suspended its quarterly dividend and its bonds have since been downgraded by credit ratings agency Moody's.
The district, which has credit ratings in the "junk" level, has been dependent on borrowing to generate cash flow.
Like its earlier esoteric cousins, a CLO bundles risky low-grade loans into attractive packages and high credit ratings.
But when regulators ignored their growth, they became more opaque and more profitable, with credit ratings disconnected from reality.
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The combined company is expected to have roughly $14 billion in net debt, according to credit ratings firm Moody's.
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"But there is still room for improvement in the supervision of credit ratings agencies in the EU," Muguruza added.
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These estimates are likely to be viewed as negative for South Africa's credit ratings before a possible Moody's review.
"Our (credit) ratings speak to commercial debt obligations," S&P's primary analyst for the UK, Aarti Sakhuja, told Reuters.
Lower credit ratings tend to buoy the cost of borrowing for firms and influence their financial policies and investment decisions.
High-yielding bonds are often called "junk bonds," as they carry higher risk of defaulting, along with low credit ratings.
Credit ratings firm S&P Global calls the state pension system as one of the worst-funded in the country.
Although that is not high, the agencies fear growth will not be fast enough to justify Chile's strong credit ratings.
Africa's most industrialised economy is struggling with ballooning debt that risks pushing its sovereign credit ratings deeper into "junk" territory.
The drop in borrowing costs, the report said, is comparable to a one-notch upgrade from a credit ratings agency.
He needs to raise cash quickly to calm the nerves of bondholders and prevent a potentially disastrous credit ratings downgrade.
Analysts at Fitch, a credit-ratings agency, reckon that Brightline needs to take 0.4% of that traffic to break even.
MEXICO'S PRESIDENT LOPEZ OBRADOR SAYS WE RESPECT CREDIT RATINGS AGENCIES' POINTS OF VIEW, BUT FEEL THEY WERE NOT PROFESSIONAL, OBJECTIVE
"We are therefore raising our sovereign credit ratings on Bulgaria to 'BBB-/A-3' from 'BB+/B'," the agency said.
These problems led to downgrades that pushed the state's credit ratings to a notch or two above the junk level.
"It is actually really good business ... these are good people with impeccable credit ratings, who just got caught," said Goodall.
That has made global investors hungry for yield above all, and far less concerned with niceties such as credit ratings.
S&P Global Ratings and Fitch each downgraded South Africa's credit ratings to "junk" in the aftermath of Gordhan's removal.
Analysts say Eskom needs a bailout, a tough call for the government when its sovereign credit ratings are under pressure.
The moves erased steep losses from earlier in the day, after Moody's and Standard & Poor's downgraded the country's credit ratings.
Rauner defended the state's borrowing, which comes on the heels of last week's downgrades of Illinois' already-low credit ratings.
The Wall Street Journal reported that analyzing social media data isn't necessarily a better way to predict individual credit ratings.
Credit ratings agency Moody's and investment Goldman Sachs both warned the risk of a no-deal Brexit was now higher.
Experian says 20.8 percent of open auto loans are now held by those with subprime and deep subprime credit ratings.
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Wells Fargo employees may not have considered how their conduct affected customers in terms of overdraft fees or credit ratings.
The report said a few of them will be negatively affected, but not severely enough to impact their credit ratings.
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Credit ratings agency S&P Global is to publish its rating of South Africa after the market close on Friday.
In fact, today, two U.S.-based companies, Microsoft and Johnson & Johnson, inexplicably have higher credit ratings than the country itself.
When that nearly happened in 2011, credit ratings agency Standard and Poor's downgraded America one notch below a perfect AAA.
Mogajane said he had spoken with all three major credit ratings agencies to clarify elements of the medium-term budget.
Fitch provides credit ratings for green bonds based on the underlying credit risk in line with our relevant sector criteria.
Prior to Moody's announcement, Rauner said his Democratic opponents should prioritize the opinions of Illinois residents over credit ratings agencies.
Africa's most industrialized economy is struggling with ballooning debt that risks pushing its sovereign credit ratings deeper into "junk" territory.
The strain on regional carriers pushed credit ratings agency Moody's to downgrade airlines Azul, LATAM and Aeromexico late on Tuesday.
The most immediate threat is the prospect of downgrades by credit ratings agencies that have been closely watching political developments.
And earlier this year, Moody's Investors Service downgraded Tesla's credit ratings, citing the Model 3 and the company's high expenses.
The strain on regional carriers pushed credit ratings agency Moody's to downgrade Azul SA, LATAM and Aeromexico late on Tuesday.
Morningstar Credit Ratings recently called the changes in the industry a "seismic shift" and warned of more financial pain ahead.
States with high credit ratings can borrow cheaply; it will be hard for any private enterprise to overcome that advantage.
What hasn't received much attention is how the bill would change the rules governing credit ratings agencies — but it should.
Failing to pay debt, for instance, carries serious financial consequences, including lower credit ratings, potential lawsuits and increased borrowing costs.
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By some estimates, over half the countries that have accepted Belt and Road projects have credit ratings below investment grade.
S&P also affirmed 'BBB/A-2' long- and short-term foreign and local currency sovereign credit ratings on Hungary.
Investors look at credit ratings as one of the metrics used to establish the risk profile of governments and companies.
Due to the crisis, credit ratings agency Fitch on Thursday downgraded Bolivia's long-term debt to B+, from BB- previously.
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Credit ratings agency Fitch downgraded the nation's sovereign debt rating late on Wednesday while Moody's lowered its outlook to negative.
And, within that business, the reforms pushed banks from people with lower credit ratings toward creditworthy customers who respond to incentives.
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China Lianhe Credit Ratings Co downgraded CEFC Shanghai's long-term issuer rating to its lowest level of C on May 22.
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The equity market is counting on Donald Trump to boost the US economy; if investors are right, credit ratings will improve.
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The mounting liabilities have sent investors fleeing and prompted downgrades of its credit ratings, pushing it to the brink of bankruptcy.
Leveraged loans tend to be used by private equity firms to fund acquisitions of highly indebted companies with weak credit ratings.
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This as 12 companies with poor credit ratings (hence their "speculative" nature as well as their high yields) defaulted in March.
Like Denmark, Norway and Sweden enjoy triple-A credit ratings, and investments in credit bonds, currencies and mortgage bonds are rising.
The practice linked loan pricing to real-time risk using bond and CDS trading levels, rather than slower-moving credit ratings.
Pressure on global corporate credit ratings is at the worst level since the financial crisis, Standard & Poor's (S&P) has warned.
Its bonds trade well below their par value, and credit ratings agency Moody's Investors Service has called its capital structure "unsustainable".
Credit ratings agency Standard & Poor's underlined the need for faster reform when it changed China's credit outlook to negative on Thursday.
Research firm Muddy Waters has raised concerns about the debts, while Standard & Poor's and Moody's have both downgraded its credit ratings.
That liability, along with chronic budget deficits, led to downgrades of the city's general obligation credit ratings and higher borrowing costs.
Casino said it had cancelled its agreement with the rating agency Fitch Ratings and requested that Fitch's credit ratings be withdrawn.
That, along with a weak economy, contributed to sovereign credit ratings downgrades to junk by S&P Global Ratings and Fitch.
As more US giants get downgraded by the credit ratings agencies, it will be tougher for small firms to get loans.
We measure each state's fiscal health by looking at its credit ratings and outlook, as well as its overall budget picture.
Rising housing debt levels in the country also led to Moody's Investor Service downgrading the credit ratings of Australia's biggest banks.
This step could provide the retailer with the breathing room it needs to reinvigorate its brand, the credit ratings agency said.
Credit ratings agency S&P Global Ratings on Thursday put nine cities and a school district on alert for possible downgrades.
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Two Chinese ratings firms, China Chengxin and United Credit Ratings, have downgraded their outlook on the company's finances, citing mounting debt.
Controlling expenditures reduces Brazil's risk premia, lowers interest payments and instills confidence in credit ratings agencies and international investors, they said.
But those cash reserves are rainy day funds and are required by credit rating agencies to maintain investment-grade credit ratings.
Illinois has the widest so-called credit spreads over MMD's scale and the lowest credit ratings among the 50 U.S. states.
Fitch downgraded Altria's credit ratings two notches to BBB after Altria made the Juul investment because the deal increased Altria's leverage.
A handful of small private colleges have gone under in recent years, and dozens more have seen their credit ratings downgraded.
Chicago's sinking credit ratings due to budget and pension woes have led investors to demand hefty yields for the city's debt.
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The ratings agency also affirmed its 'BB-/B' long- and short-term foreign and local currency sovereign credit ratings for Brazil.
Barely 24 hours after Culp became CEO, S&P Global Ratings downgraded the credit ratings of GE (GE) and GE Capital.
Credit ratings agencies threatened to downgrade Illinois's rating to junk status, an unprecedented move that would make borrowing even more costly.
Ratings agency Moody's last year cut the credit ratings of a third of the 19 countries it rates in sub-Saharan Africa.
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The credit ratings agency had warned that if those initiatives are not successful, Sports Authority could have trouble refinancing its capital structure.
As a result, Illinois' credit ratings, which have been downgraded six times since January 2015, are the lowest among the 50 states.
It has said that its projects were facing the risk of cancellation, banks were reconsidering credit ratings and employees were being headhunted.
Lifting this financial burden, the thinking goes, would stimulate the economy by allowing young borrowers to improve credit ratings and buy homes.
The algorithms crunch through credit ratings and real-time data on secondary trading for a firm and its peers, among other things.
He said if Australia's credit ratings were cut, he would not anticipate any long-term impact on the pricing of its debt.
The summit achievements were incremental, and included establishing an agricultural researchinstitute and speeding up work on creating a joint credit ratings agency.
Moody's Investors Service downgraded the retailer's credit ratings Tuesday, and said that it views the missed interest payment as a limited default.
The district has credit ratings of triple-A by Standard & Poor's, Aa1 by Moody's Investors Service, and AA-plus by Fitch Ratings.
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Friday saw a continuation of the upward move after Moody's upgraded India's sovereign credit ratings for the first time in 13 years.
Islands enjoy higher credit ratings and richer and more open economies than their landlocked counterparts, Standard & Poor's (S&P) said on Thursday.
Moody's credit ratings agency has expressed its own doubts over the shift toward assets that are hard to trade such as property.
The big liability, along with years of budget deficits, led to downgrades of Chicago's general obligation credit ratings and higher borrowing costs.
Even under stressed conditions, credit-cost tolerance should be satisfactory for the big banks, which supports their credit ratings at current levels.
A.M. Best added that it affirmed AIG's long-term issuer credit ratings and other long-term ratings of the insurance giant's subsidiaries.
Ratings agencies regularly cite Eskom as one of the biggest threats to South Africa's sovereign credit ratings, which are near "junk" status.
The Canadian dollar, normally a big gainer when oil prices rise, fell after Moody's downgraded the credit ratings of six Canadian banks.
Local currency government bonds in emerging markets on average also yield six times more than euro zone firms of all credit ratings.
Governments tend to enjoy better borrowing rates than companies with similar credit ratings as government credit is seen as the least risky.
Credit-ratings firm Moody's has said that Nomura's overhaul plans, if successful, would help it refocus its business and reduce earnings volatility.
The legal action, which shook markets and hit the rand, also comes as the country is bracing for possible credit ratings downgrades.
Moody's credit ratings agency has expressed its own doubts over the shift towards assets that are hard to trade such as property.
Credit ratings agency Moody's is also upbeat about domestic-oriented Chinese companies, which won't suffer under more tariffs from the Trump administration.
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States that are most indebted have low credit ratings, which make their bonds more expensive and prevent their sale to large investors.
Overall, 25.67 percent of the auto loans written in the third quarter were for borrowers with subprime or deep subprime credit ratings.
Investors were also watching out for a sovereign debt rating of Britain from credit ratings agency Moody's due later in the day.
Fitch Ratings said on Friday it had placed the credit ratings of both companies on a "negative" ratings watch, citing Wang's arrest.
Earlier this year, the ratings firms Moody's and Standard & Poor's downgraded their credit ratings on Chinese sovereign debt, citing brisk corporate borrowing.
"A greater proportion are to borrowers with lower credit ratings and already high levels of debt," the Fed report, released Monday, explains.
Now, credit ratings agency Fitch is warning that the company's bonds could get downgraded to junk status if things don't turn around.
New Jersey has one of the lowest credit ratings in the country; it has been downgraded 11 times during the Christie administration.
Credit-ratings agency Moody's slashed its 2020 GDP growth outlook on China to 5.2% from 5.8% as the coronavirus continues to spread.
Escalating pension payments have led to junk credit ratings, drained reserves and debt dependency for the nation's third-largest public school system.
After the market close, Moody's Investors Service said it downgraded Boeing's credit ratings, to A3 from A2, which is still investment grade.
Investors were naturally concerned that companies with the weakest credit ratings and largest piles of debt would run into the most trouble.
Credit ratings for PG&E and its Pacific Gas & Electric unit were downgraded by the three main ratings agencies in mid-November.
Earlier this month, Standard & Poor's (S&P) Global Ratings affirmed Romania's credit ratings, but took the unusual step of not publishing an outlook.
Ahead of the sale, both Moody's Investors Service and Standard & Poor's downgraded the state's credit ratings, which are inching closer to "junk" level.
The summit achievements were incremental, and included establishing an agricultural research institute and speeding up work on creating a joint credit ratings agency.
It added one "indirect transmission channel" would also be the impact of lower oil prices on fiscal deficits, financing requirements and credit ratings.
"Some of these are good credits offering reasonably attractive yields because most of them have not really gotten good credit ratings," he said.
Since then, the Portuguese economy has returned to positive growth figures and credit ratings agencies have also turned more optimistic about the country.
It is because of these practices that South Dakota has recently been awarded the highest credit ratings possible from Moody's, S&P, Fitch.
Dodd Frank removed references to NRSROs in certain regulations in order to reduce the reliance and the required use of NRSROs' credit ratings.
Credit ratings agency Moody's said it was vital for Nissan to stabilise its partnership with Renault to expand operational synergies and improve margins.
The auction was announced on Friday, just before credit ratings agency DBRS confirmed its investment-grade rating and stable outlook for the country.
Credit ratings agency Fitch on Friday upgraded Bulgaria's long-term foreign- and local-currency issuer default ratings (IDRs) to BBB from BBB-minus.
The applicants alleged Standard & Poor's engaged in misleading and deceptive conduct by assigning AA and AAA credit ratings to the Lehman Brothers products.
Traders can further cover their tracks by establishing credit ratings at brokerages anonymously through cryptocurrencies or shell companies that they then shut down.
Escalating pension payments have led to drained reserves, debt dependency and junk credit ratings for CPS, the nation's third-largest public school system.
As a result, the district's credit ratings have fallen deeper into the junk category, most recently with a downgrade from Moody's Investors Service.
Entering a third-straight fiscal year without a spending plan could sink Illinois' credit ratings to "junk," a first for any U.S. state.
Lopez Obrador has called credit ratings agencies "not objective" and blamed policies under his predecessor, former President Enrique Pena Nieto, for Pemex's troubles.
Meanwhile, in the month of March, S&P downgraded its credit ratings on 2 ½ companies for each company it saw fit to upgrade.
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Standard & Poor's put BHP Billiton's credit ratings on negative watch this month, with a downgrade dependent in part on the company's dividend policy.
Illinois has the lowest credit ratings among U.S. states due to a $133.5 billion unfunded pension liability and a chronic structural budget deficit.
Greece's short-dated yields also fell after S&P Global Ratings upgraded the country's credit ratings for the first time in two years.
Illinois, which has the lowest credit ratings among the 50 states, is limping through its second straight fiscal year without a complete budget.
But for firms with good growth prospects and lower credit ratings, such bonds would be a cheaper route to funds than straight debt.
Escalating pension payments have led to drained reserves, junk credit ratings, and debt dependency for CPS, the nation's third-largest public school system.
An added complication is that cities often do not have credit ratings and therefore are unable to borrow money directly on the market.
Escalating pension payments have led to drained reserves, junk credit ratings and debt dependency for CPS, the nation's third-largest public school system.
Offenses that could impact social credit ratings include failing to pay a fine, jaywalking, loitering, or even not picking up after your dog.
Global bond indexes typically only comprise about 2 to 4 percent emerging market bonds because certain countries are excluded based on credit ratings.
Citigroup analysts said PG&E may use the money to pay near-term maturities and in case credit ratings agencies downgrade the utility.
More than two thirds of credit ratings that can be used for regulatory purposes in the EU are introduced through the endorsement regime.
Escalating pension payments have led to junk credit ratings, drained reserves and debt dependency for CPS, the country's third-largest public school system.
Credit ratings are also relied on by investors to decide whether to hold a company's bonds or enter into other transactions with them.
Credit ratings agency Moody's has warned about rising pressure of higher oil prices and interest rates on government finances and India's current account.
The San Mateo, California-based company generated revenue of about $321 million in 2017, according to credit ratings agency Moody's Investors Service Inc.
The state's other two large utilities, Southern California Edison and San Diego Gas & Electric, have seen their credit ratings downgraded over wildfire concerns.
Credit ratings agency Moody's said it was vital for Nissan to stabilize its partnership with Renault to expand operational synergies and improve margins.
Escalating pension payments have led to junk credit ratings, drained reserves and debt dependency for CPS, the nation's third-largest public school system.
Ratings agency action is once again in focus with Moody's and Standard & Poor's set to review their credit ratings of Italy and Portugal.
Credit ratings agency, Fitch Ratings, said last week that introducing new measures could enable customers to make redemptions in a more orderly fashion.
Around 9 percent default within three years of graduating, ruining their credit ratings and creating financial burdens nearly impossible to discharge in bankruptcy.
Credit ratings agency S&P Global Ratings had warned that Alaska could face a credit downgrade if it proceeded with the bond transaction.
Standard & Poor's said on Wednesday it would review the credit ratings of FCA and Renault once they agreed the terms of the merger.
Konfio uses credit ratings to calculate risk and disburse loans within 203 hours, and at half the rate of a traditional bank loan.
Companies took advantage of a healthy appetite from banks to repay debt, lightening their balance sheets, which was a boon for credit ratings.
Fitch joined other credit ratings agencies in downgrading its sovereign debt on Monday, and Osborne said Britain faces tax rises and spending cuts.
The banking association said the purchase is meant to make efficient use of resources through credit ratings and to support healthy economic growth.
While certain of the NRSRO's credit rating subsidiaries are listed on Item 3 of Form NRSRO and as such are authorized to issue credit ratings on behalf of the NRSRO (see here), other credit rating subsidiaries are not listed on Form NRSRO (the "non-NRSROs") and therefore credit ratings issued by those subsidiaries are not issued on behalf of the NRSRO.
Credit ratings agency Fitch downgraded Mexico's sovereign debt rating on Wednesday, citing trade tensions among other risks, while Moody's lowered its outlook to negative.
Credit ratings are critical for any company but especially crucial for a bank such as Deutsche, whose perceived health is important in winning business.
Italy's debt has had a roller-coaster year, benefiting in October from an unexpected decision by S&P Global Ratings to sovereign credit ratings.
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The pair of analysts, from Dominion Bond Rating Service (DBRS), a Canadian credit-ratings agency, went to assess the creditworthiness of the Portuguese government.
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Future governments and RBI governors could tinker with the target, now set at 2 to 6 percent, but that would threaten India's credit ratings.
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The average loan to buy a new vehicle hit a record $32,187 in the first quarter of 2019, according to credit-ratings firm Experian.
Even more alarming, policies and procedures at one larger credit ratings agency did not prevent "prohibited unfair, coercive or abusive practices," the report found.
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Illinois has the lowest credit ratings among the 50 states and has had to pay a big interest rate penalty to sell its bonds.
Credit ratings agency Moody's assigned the bonds Aa3 with a negative outlook, while Fitch assigned the bonds a AA- rating with a stable outlook.
Following S&P's decision on Friday, Eskom said in a statement that stable power supply had helped South Africa avert a credit ratings downgrade.
Eisman does see problems in subprime auto loans — lending to individuals with low credit ratings — as well as mall operators and the apartment industry.
And the shortfalls vary widely from one state to another, according to the latest data from Moody's, which assigns credit ratings for state governments.
Previously reluctant to do so, the oil major was forced to disclose its financials to obtain public credit ratings ahead of the debt sale.
Credit ratings agencies say SAA should be reformed and cite the cost of propping it up as a threat to South Africa's credit rating.
KEY RATING DRIVERS Strong Market Position Ocean Spray's credit ratings reflect its dominant share in the shelf stable cranberry juice and dried cranberry segments.
He noted the company has partnered with Kenya's Credit Reference Bureau, "creating 75,000 positive credit ratings" from which M-KOPA itself can draw upon.
The State Council, or cabinet, this year announced an easing of curbs on foreign investment, in sectors such as banking, credit ratings and accounting.
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The sprawling investigation will have a negative impact on the country's economic growth, an official with the Fitch credit ratings agency said last Thursday.
Chambroad's deal with Aramco is a major win for a teapot, which usually lack the credit ratings needed to sign long-term international contracts.
Under pressure from the central bank, Ant Financial's subsidiary Sesame Credit stopped issuing individual credit ratings, two of the sources with direct knowledge said.
"They still have the problem of recovering their image," said Luis Miguel Santacreu, a financial sector analyst for the credit ratings agency Austin Rating.
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"We have never seen weaker loan covenants," said Derek Gluckman, senior covenant officer for Moody's Investor Services, which provides credit ratings for leveraged loans.
The credit union also agreed to repair any credit ratings harmed by the debt students took on pay for the study guides, he said.
Credit ratings agencies Moody's and Standard & Poor's both said after May's resignation last week that this increased the chance of a no-deal Brexit.
Standard & Poor's has kept UK with its top AAA-rating since 1978, while Moody's and Fitch assigned their second-highest credit ratings to Britain.
Teva, whose credit ratings were cut after its second quarter earnings report last week, plans to pay down $5 billion of debt this year.
A budget impasse, huge unfunded pension liability and chronic budget deficits have pounded Illinois' credit ratings into the low-investment grade triple-B level.
Bondholders and credit ratings agencies lost confidence in those industrial icons' corporate debt, causing plenty of pain for the automakers' employees and stock prices.
CHICAGO (Reuters) - Illinois' record-breaking stretch without a complete budget could push the credit ratings of two more state universities into the junk level.
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Escalating pension payments, drained reserves and debt dependency have pushed general obligation credit ratings for the nation's third-largest public school district into junk.
But the fall-out from the crisis has engendered political uncertainty which investors fear might yet hasten a credit ratings downgrade by ratings agencies.
Financial institutions with good credit ratings can now borrow almost as cheaply as they did in early 2018 before the default of IL&FS.
Net sales for Ferrara for the twelve months ending March 31 were approximately $880 million, according to credit ratings agency Moody's Investors Service Inc.
In a January 31 response, Clayton told Warren that the SEC's office of credit ratings identified CLO ratings as a specific topic for review.
Credit ratings agency Fitch downgraded Mexico's sovereign debt rating on Wednesday, citing the trade tensions among other risks, while Moody's lowered its outlook to negative.
Floor & Decor's everyday-low-pricing offerings should position it well in the current economic environment, credit ratings agency Moody's Investors Service Inc said last September.
The credit ratings agency, however, said the state's wildfires and the inverse condemnation rule will remain a long-term risk for the publicly-owned utilities.
Roughly 26 million people are invisible to credit ratings and another 19 million have files that are unscorable, according to the Consumer Financial Protection Bureau .
NEW YORK (Reuters) - S&P Global Ratings placed Pennsylvania's credit ratings on a watch list on Thursday for a possible downgrade due to budget concerns.
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Floor & Decor's everyday-low-pricing offerings should position it well in the current economic environment, credit ratings agency Moody's Investors Service Inc said last September.
Global credit ratings agencies warned on Friday that Wang's detention could damage the real estate group's standing with partners, investors, financial institutions and potential customers.
The U.S. Justice Department announced Monday that it has indicted four members of China's military for the cyberattack against credit ratings agency Equifax in 2017.
This bought time for Affinion but also created a significant burden in terms of interest payments, according to credit ratings agency Moody's Investors Service Inc.
Some $36 billion in sustainability-linked loans were issued worldwide last year in a trend led by European companies, according to credit ratings agency Moody's.
SANJAY SINHAManaging directorMicro-Credit Ratings InternationalGurgaon, India Saving the rhino is neither a law-enforcement issue nor an economic issue ("On the horns", May 6th).
Credit ratings agencies have said SAA should be reformed and cite the cost of propping it up as a threat to South Africa's credit rating.
The company's credit metrics have weakened since acquiring Chewy, which added $2 billion in debt to its balance sheet, according to credit ratings agency Moody's.
In a written statement to Reuters, Sberbank said that it had to reclassify some it its assets following the reform of credit ratings in Russia.
The firm recently said it's working on building cyber risk into its credit ratings, which would put corporations on the hook for their cybersecurity practices.
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Credit ratings agency Moody's also said late on Monday that it viewed the proposed removal of Vanke's directors as potentially damaging its rating or outlook.
The nation's third-largest school system has a structural budget deficit topping $1 billion and credit ratings that have fallen deep into the "junk" level.
S&P Global Ratings said earlier this week that the hedging risk facing Taiwan's life insurance sector is "manageable" and is not affecting credit ratings.
With Johnson at the helm, credit ratings agency Moody's and investment Goldman Sachs both warned the risk of a no-deal Brexit was now higher.
He said the move could stabilize or improve Illinois' triple-B credit ratings, which are two notches above junk and the lowest among U.S. states.
Borrowing costs may rise further after both Moody's and Standard & Poor's ratings agencies cut Turkey's sovereign credit ratings deeper into "junk" territory late on Friday.
The fifth-largest state in the United States was hit last week with two downgrades that put its credit ratings just a step above junk.
At least 13 lenders, including 10 rural commercial banks, have had their credit ratings cut or outlooks downgraded to negative since the start of 2017.
The Russian Analytical Credit Ratings Agency (ACRA) launched last year amid complaints from Russian officials about western bias firms including Standard & Poor's, Fitch and Moody's.
Many residential mortgage-backed securities (RMBS), including Collateralizes Debt Obligations, (CDOs) were given AAA credit ratings (the highest ratings) by Standard & Poor's, Moody's and Fitch.
Aramco this week will meet global bond investors ahead of its first international bond sale after obtaining its first credit ratings from Moody's and Fitch.
Few U.S. companies have credit ratings as high as Berkshire's, which itself carried a "triple-A" rating from S&P as recently as February 2010.
On the same day Moody's, a credit-ratings agency, downgraded the city's already junky rating to reflect a greater likelihood of default within the year.
Credit unions will occasionally finance such transactions, but only for buyers with very high credit ratings and only after cumbersome procedures to guard against fraud.
And similar facilities are available for Mexican companies that benefit from strong credit ratings or robust bank relationships, bankers and investors active in Mexico agreed.
LONDON, June 1 (Reuters) - The European Union's markets watchdog has fined Moody's 1.24 million euros ($1.39 million) for breaches of the bloc's credit ratings rules.
As a result, there is a lot of demand for the debt of companies with the highest credit ratings, regardless of the returns on offer.
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Moody's Investors Services and S&P Global Ratings both cut GE's credit ratings last month because of concerns about elevated debt and shrinking cash flow.
However, Portugal has registered one of the highest growth rates in the euro zone and credit ratings agencies have become more positive about its economy.
Credit ratings agency S&P Global has reshuffled its list of the countries that are most negatively affected in an environment of rising interest rates.
That said, a minority of households do struggle with debt and this month credit ratings agency Moody's said higher interest rates could hurt poorer households.
Freight volumes across the board are likely to fall through 2020, the credit ratings agency said on Friday, lowering its outlook to negative from stable.
Starting in 2008, he noticed that almost half of his clients had weaker credit ratings—and therefore secured less favorable loans—because of medical debt.
In fact, Experian says the percentage of loans written for those with subprime and deep subprime credit ratings fell to its lowest point since 2012.
We measure each state's fiscal health by looking at its credit ratings and outlook, its overall budget picture, and pension and retiree health care obligations.
"Chevron just demonstrated its commitment to capital discipline and conservative financial policies," said Pete Speer, a senior vice president at Moody's, the credit ratings firm.
The town, facing high borrowing costs due to its junk bond-level credit ratings post-bankruptcy, would need to raise taxes in response to that.
The ratings agency Fitch shrugged on Tuesday at what it considered the "muted impact" on the economies and credit ratings of New York and Washington.
We measure each state's fiscal health by looking at its credit ratings and outlook, its overall budget picture, and pension and retiree health-care obligations.
S&P Global said the election won't immediately affect the country's credit ratings but warned it could create further uncertainty by potentially delaying Brexit negotiations.
There's a case to be made that high-yield bonds of firms with sub-investment grade credit ratings are in a sweet spot right now.
Noble's refinancing talks have been complicated by credit ratings agencies downgrading the company's ratings to junk in the past five months, making loans more expensive.
The company's credit ratings were recently upgraded by one notch by both S&P and Moody's, reflecting TFS's forecast in harvest volumes of Indian sandalwood.
The fiscal woes have pushed its general obligation credit ratings deep into the junk category and led investors to demand fat yields for its debt.
The credit ratings agency said it does not believe the market value of the power plants would cover the company's debt in an asset sale.
Ratings agency Moody's has placed the bank's credit ratings under review for a downgrade, while assuming a very high probability of government support for PNB.
During the Great Recession, Ford (F) and other US automakers suffered massive losses and junk bond credit ratings, which can raise the cost of borrowing.
The stake acquisition is aimed at the efficient use of resources through credit ratings and to support healthy growth in the economy, the association said.
It is because of these practices that, within the last few years, South Dakota has received AAA credit ratings from Moody's, S&P and Fitch.
Rusal, which last tapped the Chinese bond market in 2017, plans to issue the bond as soon as it obtains credit ratings from Chinese agencies.
The S&P Global agency said South Africa's sovereign credit ratings and outlook will not be immediately affected by the change of the country's leadership.
While certain of the NRSRO’s credit rating subsidiaries are listed on Item 3 of Form NRSRO and as such are authorized to issue credit ratings on behalf of the NRSRO (see here), other credit rating subsidiaries are not listed on Form NRSRO (the “non-NRSROs”) and therefore credit ratings issued by those subsidiaries are not issued on behalf of the NRSRO.
In September, the ratings agency lowered its long-term issuer credit ratings on seven vehicles, including two in the city of Tianjin, just outside of Beijing.
She added that the debt issued through the corporation should result in higher credit ratings and could lower the city's borrowing costs by 2 percentage points.
But the likelihood of default may be "underestimated", said Guo of Golden Credit Rating, citing incomplete credit ratings data and the rapid expansion of consumer loans.
SA, have so far raised $13 billion from asset sales, less than half their target, delaying efforts to reduce debt and boost their battered credit ratings.
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Debt defaults in the commodity sectors rose in the first two months of 2016 from the same period a year ago, credit ratings agency Moody's said.
Latin America's fourth-largest economy has a fiscal deficit goal of 2.1% of gross domestic product for 2020, considered key to maintaining its current credit ratings.
Latin America's fourth-largest economy has a fiscal deficit goal of 20.39% of gross domestic product for 2703.1, considered key to maintaining its current credit ratings.
It has risen 29 basis points this week, pushed up after credit ratings agency DBRS warned on Tuesday that pressures were building on the country's creditworthiness.
These large banks in a consolidated banking system enjoy scale benefits leading to better diversification of risks and stronger overall profitability contributing to higher credit ratings.
Improving credit ratings on the back of healthy economic growth, more manageable inflation and the government's efforts towards fiscal consolidation have heightened investor interest in Pakistan.
The Village of Mount Pleasant and Racine County both saw their credit ratings downgraded as a result of the money they are spending on the project.
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"The S.E.C. is going to have to be extraordinarily tough if they want to change the internal practices of the credit ratings agencies," Mr. Hauptman said.
In further defense of ACRA, the CEO said the group's credit ratings process and law followed very much the systems seen in the U.S. and Europe.
Though Wells Fargo has been downgraded by at least one stock analyst, Fitch's outlook change is the most significant credit ratings impact since the scandal erupted.
"This is a big proposal, but it is well within our fiscal capacity," Dayton told reporters, pointing to the state's high credit ratings and budget reserves.
The president, who says a shadowy "interest rate lobby" and Western credit ratings agencies are attempting to bring down Turkey's economy, appealed to his countrymen's patriotism.
MOSCOW (Reuters) - The new round of U.S. sanctions against Moscow has "no immediate implications" for Russia's sovereign credit ratings, S&P Global Ratings said on Thursday.
A chronic deficit along with a big unfunded pension liability have led to low credit ratings and high borrowing costs for the nation's third-largest city.
As a result, Illinois' credit ratings have been downgraded to the low investment-grade level of triple-B and are the weakest among the 50 states.
Credit ratings agency S&P in February noted earlier this month Payless faced the "potential for continued supply chain issues, intensified competition, and lower store traffic."
Greece's short-dated yields GR2YT=TWEBGR5YT=TWEB also fell after S&P Global Ratings upgraded the country's credit ratings for the first time in two years.
Credit ratings information published by Fitch is not intended to be used by persons who are retail clients within the meaning of the Corporations Act 2001
The credit ratings firm estimates the losses will total "$4.6 billion or higher," noting that its estimate was based on Cal Fire's earlier 5,700 structures figure.
But the bank researchers argue that firms with little presence outside Britain, particularly those with low credit ratings, can have a hard time finding foreign investors.
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Denis Girault, head of emerging fixed income at Swiss-based asset manager UBP, believes eventually such considerations could become as important to funds as credit ratings.
There is no hint of capital flight yet, but the credit ratings agencies have expressed their deep concern over developments in Pemex and overall economic management.
The credit ratings firm raised its odds of a recession in the next 12 months to 15% to 20%, up from 10% to 15% in August.
That could mean higher funding costs and less credit available to fund corporate growth, especially for companies with weaker credit ratings, S&P said on Wednesday.
German auto ABS performance is so far very strong and certain stress scenarios are covered by the current credit ratings of German auto ABS, Moody's said.
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Eddie Bauer, which sells outdoor gear and apparel, is at risk of not keeping up with fashion changes, according to credit ratings agency Moody's Investors Service.
To be sure, the additional liabilities on the balance sheets shouldn't have an effect on company credit ratings as they had already been taken into account.
Although many bank accounts were deemed "empty" and closed automatically, employees sometimes transferred customer funds to the new accounts, triggering overdraft fees and hurting credit ratings.
Credit ratings information published by Fitch is not intended to be used by persons who are retail clients within the meaning of the Corporations Act 2001.
In 2011, a Republican attempt to use the debt ceiling to enact spending restrictions resulted in credit ratings agency S&P downgrading the U.S. credit rating.
The next big, messy default of a country may be near after credit ratings agencies said that the Maduro government had failed to meet some obligations.
Illinois' deep financial woes, including a $20203 billion unfunded pension liability, have left it with the lowest credit ratings and highest borrowing costs among U.S. states.
The NBFC loan books have grown at nearly twice the pace of banks, and the cream of them, including IL&FS, had received top credit ratings.
Remington's sales have declined in part because of receding fears that guns will become more heavily regulated by the U.S. government, according to credit ratings agencies.
Last Friday, S&P Global Ratings downgraded Lebanon's long-term and short-term foreign and local currency sovereign credit ratings to 'CCC/C' from 'B-/B.
In an exclusive interview with Business Insider, Fuss discussed his concerns about the $1.4 trillion leveraged-loan market that services companies with the weakest credit ratings.
Ratings agencies did not expect any impact on the flagship firm's credit ratings, and said Lee's arrest would accelerate improvements in management transparency and corporate governance.
"The stable outlook reflects offsetting risks to the UK's creditworthiness," the agency said, also maintaining its sovereign credit ratings for the country at 'AA/A-1+'.
One reason for this is that it feels any rapid increase in government debt could in the long term hurt Oman's credit ratings, the sources said.
These resemble the conventional credit ratings the firms offer in that they will grade bonds on a scale of greenness rather than give a yes-no ruling.
BP's poor results came a day after credit ratings agency Standard and Poor's placed the company on the path toward a credit downgrade and lowered Shell's rating.
The BIS says higher capital levels translate into better credit ratings for banks, helping to push down funding costs and increase availability of credit for the economy.
Immelt took over a GE addicted to finance, willing to prostitute the stellar credit ratings of its world-class manufacturing and engineering capabilities for a quick buck.
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High-yield bond funds invest in corporate debt with the lowest credit ratings, meaning they are seen as a more speculative or risky bet than most bonds.
Eddie Bauer, which sells outdoor gear and apparel, is at risk of not keeping up with fashion changes, according to credit ratings agency Moody's Investors Service Inc.
Some of the companies under the Reliance Group conglomerate, controlled by businessman Anil Ambani, have been hit by a spate of credit ratings downgrades and auditing issues.
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Mark Oline, Fitch's global head of business and relationship management, stressed that his company provided plenty of detail on companies that goes far beyond simple credit ratings.
Ratings agencies Moody's and Fitch will review Poland's sovereign credit ratings later on Friday, with analysts polled by Reuters not expecting any changes to ratings or outlooks.
Reducing default matters, because it can have devastating personal consequences, including damaged credit ratings and reduced job and housing prospects because employers and landlords check credit reports.
Restoring the free movement of capital will help to strengthen trust, attract investment and open the way for a further upgrade of the Greek economy's credit ratings.
The airline has begun to slash routes to contain costs, but Fitch, a credit-ratings agency, predicts it will remain in the red until at least 2022.
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PARIS, May 29 (Reuters) - Casino Group's shares fell on Wednesday, after the indebted French supermarket retailer canceled its interim dividend and suffered a new credit ratings downgrade.
It also impacts the property tax base that supports many cities' primary revenue source for funding such protections, hurting credit ratings for governments dealing with climate risk.
But Krisjanis Krustins, director in the Middle East and Africa team at credit ratings agency Fitch, said the affair could hurt some parts of the reform program.
Credit ratings for O'Hare bonds at A and A2 with stable outlooks are higher than the low-investment grade to junk ratings for Chicago's general obligation debt.
Ratings agency Moody's warned that Gulf banks could face renewed pressure on their credit ratings as the government continues to pull deposits from banks in the region.
Ratings agency have warned slow economic growth and poor finances of state-owned firms such as power utility Eskom were a risk to the sovereign's credit ratings.
Hybrids have been a popular choice with corporate borrowers in recent years as a way of bolstering balance sheets, protecting credit ratings or funding M&A transactions.
Illinois, which has the lowest credit ratings among the 50 states, evaded downgrades to junk in the wake of the budget enactment and an income tax increase.
Credit ratings agency Fitch Ratings downgraded WeWork's debt rating deeper into junk territory on Wednesday, citing underperformance relative to expectations at the time of the initial rating.
In the early 2000s, according to the IMF, euro membership was associated with a two-notch improvement in the credit ratings handed out by Standard and Poor's.
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S&P, Fitch and Moody's have said South Africa's credit ratings could be downgraded if growth remains weak and Pretoria's commitment to fiscal prudence comes into doubt.
A new, massive oil discovery in Bahrain could help the island kingdom dramatically improve its economic and fiscal strength, according to analysts at Moody's credit ratings agency.
"We now fulfil the prerequisites for entering the MDAX and believe the transaction will have a positive impact on the (credit) ratings at Schaeffler AG," Rosenfeld said.
Petrobras paid 170bp over Libor for its revolving credit back in March, but the margin could fall to 130bp if the company's credit ratings reach investment grade.
On Monday, Brussels warned Romania it needed to correct its fiscal ways to avoid triggering an excessive deficit procedure, which would hurt its markets and credit ratings.
Credit ratings agencies welcomed the financing at the time because it would help the chain, though still heavily indebted and facing uneven sales, lower its interest costs.
For some veterans, this will require steps to be taken by the Department of Defense to restore the damage done by government action to their credit ratings.
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"We're focused on getting this Indonesian thing resolved and recognize that until we do, that's going to be a factor for credit ratings, stock valuation," Adkerson said.
Ratings agency Fitch, which had downgraded the country's sovereign credit ratings to RD (restricted-defaulted), upgraded it late-Tuesday to its former status CC (strong default probability).
The sharp economic contraction of 215 has turned into a solid expansion, the budget deficit is under control and Hungary is regaining its investment grade credit ratings.
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Credit ratings agency Moody's Investor Service cut its 2020 outlook for global auto sales earlier this week, with China taking the biggest hit as the outbreak worsens.
After more than two years of political sparring, missed payments and plunging credit ratings, the state finally did what most do every year: It finished a budget.
There are also risks that credit ratings agency Moody's may lower South Africa's only remaining investment grade sovereign credit rating to "junk" status in 2020, Mkhwanazi added.
Conversely, any upgrade of the UK and France's sovereign IDRs or a positive Outlook revision in the UK's rating would have positive implications for IFFIm's credit ratings.
CHICAGO — After more than two years of political sparring, missed payments to creditors and plunging credit ratings, Illinois did on Thursday what most states do every year.
The armsmaker's sales have declined in part because of receding fears that guns will become more heavily regulated by the U.S. government, according to credit ratings agencies.
Two ratings agencies, Moody's and S&P, said on Monday that the debt load from the deal could spur them to lower credit ratings on the companies.
The developments have raised risks of a credit ratings downgrade for the country, with a knock-on effect for Italian banks which are big holders of government bonds.
Standard & Poor's on Friday became the first of the big three credit ratings agencies to lift Portugal back to investment grade, citing its improving economy and public finances.
And given that the usual rating change each quarter is 0.16, the effect of partisanship, on credit ratings is significant and accounts for an approximate 10 percent change.
Markets may also be positioning for a hit to corporate credit ratings, with Moody's recently highlighting risks of higher trade costs and disruptions to logistics and supply chains.
Creditworthiness is a major challenge for cities in countries with poor credit ratings, which make it harder and more expensive for them to attract money from capital markets.
Despite expectations of higher growth in 2017, the credit ratings agency is concerned with an uptick in government deficit as a result of President-elect Donald Trump's policies.
LONDON, Jan 17 (Reuters) - Carlyle Group has agreed to acquire Johannesburg-based ratings agency Global Credit Ratings (GCR), a spokeswoman for the U.S. buyout fund said on Tuesday.
Meanwhile, Toshiba Corp continued to worry investors, diving as much as 1.13 percent to hit the lowest level since May after rating agencies cut the company's credit ratings.
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"External and domestic contexts could result in significant shocks ... especially if accompanied by further downgrades of local currency sovereign credit ratings to below investment grade," the fund said.
Unlike credit ratings agencies, ESG ratings are currently hard to compare due to a lack of standardization, which is making it difficult to compare companies against their peers.
Ramaphosa, who replaced Zuma in February, has made reforming state-owned firms a priority as he seeks to bolster economic growth and stave off sovereign credit ratings downgrades.
JOHANNESBURG (Reuters) - An expected cut in South Africa's credit ratings to "junk" grade is already being priced in by investors who are increasingly shunning the country's financial assets.
A huge $133.5 billion unfunded pension liability and chronic structural budget deficits have helped push Illinois' credit ratings down to a notch or two above the junk level.
The percentage of auto loans to buyers with the poorest credit ratings is growing faster than the rest of the auto finance market, according to a new report.
Phuc's remarks about creating more space for foreigners in the banking sector come after Moody's Investors Service started a review towards upgrading credit ratings of seven Vietnamese banks.
Instead of avoiding "bad" companies and investing only in firms with good credit ratings, super wealthy individuals want their portfolios to reflect what they believe in, said Smiles.
But they also carry many of the same risks as their predecessors, which bruised so many investors in the financial crisis - even when bearing Triple A credit ratings.
SAA, which has not generated a profit since 2011, survives on state guarantees and is regularly cited by credit ratings agencies as a drain on the government purse.
The turmoil comes as South Africa is facing reviews by credit ratings agencies that could see it lose investment-grade status and make it more costly to borrow.
In 2017, according to a recent note by Citibank, $1.6 trillion in new debt issued in the United States went to borrowers with less-than-stellar credit ratings.
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The trade is an important test of investor demand for Italian debt, and comes ahead of a scheduled credit ratings review of the country by Fitch on Friday.
Also, Moody's downgraded Tesla's credit ratings recently, changing its outlook to negative from stable, citing "significant shortfall" in the Model 3 production rate and a tight financial situation.
The proposal from the CFPB also bars debt collectors from taking certain actions that could harm debtors' credit ratings or lead to costly litigation between debtors and collectors.
DBRS said the credit ratings of major insurers operating in Canada were not expected to be impacted because direct insurers had reinsurance programs in place for such events.
The state would also sell $2 billion of taxable pension bonds in March 2020, payable solely with income tax revenue in an effort to earn higher credit ratings.
Moody's downgraded Tesla's credit ratings Tuesday and changed its outlook to negative from stable, citing "significant shortfall" in the Model 3 production rate and a tight financial situation.
"Meanwhile, because modern technology enables the automation of many processes such as credit ratings, collection and accounting, the cost savings can be passed onto participating companies and investors".
They are devised, Turner said, "using an approach similar to credit ratings for financial risk," with external data, user behavior and public disclosures all going into the mix.
South Africa's central bank has plenty on its plate, especially within the context of a new president and unenviable credit ratings following years of corruption and economic mismanagement.
Governments adhere to GAAP for three main reasons: Some states mandate it, Wall Street likes GAAP accounting when it gives credit ratings, and some federal aid requires it.
Credit ratings agencies have taken shots at the nation and its national oil company, Petróleos Mexicanos, which is writhing beneath the weight of some $100 billion in debt.
Ratings agencies, which have cut Deutsche Bank's credit ratings to the lowest among its major competitors, have warned that a merger would be risky and difficult to execute.
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Its CEO and co-founder Anil Stocker said PSD2 would let it access data on small businesses and use tech advances like artificial intelligence to enhance credit ratings.
These were securities that had been given favorable credit ratings from agencies, but which proved problematic as subprime mortgage borrowers defaulted in droves and the housing bubble burst.
Earlier, it pledged strict management of public sector debt and said government financing needs would be lower this year than last, when credit ratings came under intense scrutiny.
Mr. Immelt took over a G.E. addicted to finance, willing to prostitute the stellar credit ratings of its world-class manufacturing and engineering capabilities for a quick buck.
Mr. Meisel, also 33, is a certified public accountant and an assistant vice president in New York for Moody's, the credit ratings, research, software and advisory service company.
A lot is riding on the ratings calls for Deutsche, which like all financial institutions, is among big issuers of debt securities and highly reliant upon credit ratings.
The ailing oil giant also faces the possibility of a credit ratings downgrade due to costly proposals by the new government of leftist President Andres Manuel Lopez Obrador.
LONDON (Reuters) - Credit ratings agency Moody's said on Friday that Brexit uncertainty was likely to return despite British Prime Minister Boris Johnson's comprehensive victory in Thursday's national election.
Cumbersome registration rules and central bank hurdles are making it harder for smaller credit ratings agencies to compete with the "Big Three" in the EU, the report concluded.
Illinois already pays the biggest yield penalty among states in the $3.8 trillion market due to its low credit ratings, which are a notch or two above junk.
When an individual applies for a loan, the lender examines the credit ratings of members of the individual's social network who are connected to the individual through authorized nodes.
Credit-rating agencies such as S&P Global and Moody's have recently launched green-evaluation services that grade bonds on a scale of greenness, like their conventional credit ratings.
Credit ratings agency DBRS said on Friday it was placing Italy under review with negative implications, casting doubt over the country's last "A" grade rating from a major agency.
FRANKFURT, June 21 (Reuters) - The credit ratings agency Fitch on Thursday revised its outlook for Deutsche Bank to negative from stable, the latest blow to the German lender's reputation.
"Slower growth, lower yield, weaker credit ratings, might suggest that sterling's role as a reserve currency is somewhat diminished," said Roger Hallam, JPMorgan Asset Management's CIO for currency management.
Menefee, who blamed the delinquent loans on fraud, then falsely represented to investors and credit ratings agencies that the deal did not contain such delinquent loans, the complaint said.
But by the end of 2014, the big three accounted for roughly 2.3 million of the 2.42 million credit ratings outstanding, according to an SEC report published in December.
Customer deposits accounted for 65 percent of Canadian banks' funding at the end of 0.183, compared with 62 percent three years earlier, credit ratings agency Moody's said in March.
Even before this latest downgrade, Illinois had the lowest credit ratings among the 50 states and has had to pay a big interest rate penalty to sell its bonds.
Dutch government bonds, which boast among the top credit ratings in the world, have come under slight pressure recently, narrowing the spread between Dutch and lower-rated Belgian loans.
Kate Spade's non-investment grade credit ratings of Ba43 by Moody's and BB- by S&P could be revised upward after the acquisition on an improved financial risk profile.
Britain's finance minister, George Osborne, said the country would have to cut spending and raise taxes to stabilize the economy after a third credit ratings agency downgraded its debt.
Under the bill the government establishes a fiscal deficit goal of 2.1% of gross domestic product - completion is seen as key to the country maintaining its current credit ratings.
In September, credit ratings agency Fitch downgraded BEH's long-term rating to BB- with a negative outlook, predicting weak credit ratios due to a widened tariff deficit at NEK.
There are fears South Africa could be downgraded to sub-investment — or "junk" — grade by one of the big-three credit ratings agencies by the end of the year.
The S.E.C.'s report comes from its Office of Credit Ratings; officials in this unit conduct exams and collect data on how the agencies are adhering to the rules.
Those projects could damage hospitals' credit ratings because they are expensive and disrupt the hospitals' day-to-day operations, according to a report released today by Moody's Investors Service.
He did not elaborate on what the decisions were, but dealing with state-owned companies and fiscal consolidations have been highligthed to the government by international credit ratings firms.
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As ESG-linked loans increasingly rely on independent expert opinions, inevitable comparisons are being drawn between ESG ratings and credit ratings as lenders become more dependent on the information.
By reporting such information separately in financial notes, readers can more easily identify and evaluate the controversial forms of borrowing that can pose risks to bondholders and credit ratings.
Under fire, Stumpf said he has told his managers to do "whatever it takes" to make customers whole, refunding fees or compensating them for damage to their credit ratings.
Credit ratings allow investors to compare and assess the credit quality of bond issuers and their debt securities, and are important in determining how much borrowers have to pay.
Credit ratings agency Moody's said on Monday it would buy Dutch financial information provider Bureau van Dijk for about $3.3 billion, to extend its risk data and analytical businesses.
Credit ratings information published by Fitch is not intended to be used by persons who are retail clients within the meaning of the Corporations Act 2001 Fitch Ratings, Inc.
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The South African rand, meanwhile, extended gains for a third session as the country escaped a "junk" rating on its sovereign debt from credit ratings agency Moody's on Friday.
Illinois' credit ratings, at a notch or two above the junk level, are the lowest among the states, due in part to its own $133.5 billion unfunded pension liability.
The credit ratings agency said in an emailed statement the Pacific nation had monetary and fiscal flexibility and a resilient economy, though its high external debt offset these strengths.
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The credit ratings firm raised its odds of a recession in the next 12 months to a range of 15% to 20%, up from 103% to 15% in August.
In the euro zone, by contrast, debt levels and bond issuance are falling steadily, and once crisis-hit states such as Spain and Portugal are enjoying credit ratings upgrades.
S&P Global Ratings said on Wednesday it had cut to 'BB+/B' from 'BBB-/A-3', its long- and short-term counterparty credit ratings on FirstRand Bank Ltd.
Because they are based on many factors, credit ratings alone may not reflect the quality of covenants, so some investors may be taking on greater risks than they realize.
DURBAN, South Africa (Reuters) - South Africa is capable of quickly addressing concerns raised by credit ratings agencies to avoid further downgrades, central bank governor Lesetja Kganyago said on Thursday.
Credit ratings agency Fitch said it expects other lenders to follow suit and quit home lending as a result of the influx of lending from newly ring-fenced banks.
Health care providers are also attractive tenants for mall landlords because they tend to have high credit ratings and sign longer leases compared with other retailers, JLL analysts noted.
Mayor Rahm Emanuel launched fiscal reforms last year that included debt restructurings after the city's credit ratings began to sink due to escalating pension costs and nagging budget deficits.
"During May and June, South Africa received confirmations of unchanged credit ratings from all three major credit rating agencies," Mminele said in a speech posted on the bank's website.
Credit ratings allow investors to compare and assess the credit quality of bond issuers and their debt securities, and are important in determining how much borrowers have to pay.
Italy's contentious spending plans had pushed yields to 4-1/2 year highs last week on concern they would lead to conflict with Brussels and hurt Italy's credit ratings.
He has been hobbled by downgrades to Deutsche's credit ratings, while the bank's U.S. subsidiary has failed a Federal Reserve test of its ability to withstand a financial crisis.
Currencies were led lower against a weaker dollar by a 0.6% slip in the Mexican peso, which was also hit with a credit ratings downgrade for Mexico by Fitch.
Such loans to companies with junk-level credit ratings hit a record of more than $550 billion last year, eclipsing levels in the last years before the financial panic.
Extreme heat may be a material risk: Moody's, Fitch Ratings and S&P Global warned that credit ratings could take into account cities' strategies for dealing with climate change.
Fitch maintains the view that the state will continue to provide extraordinary support to such institutions, given their key policy roles which is reflected in our credit ratings approach.
The establishment of a local credit ratings agency would allow effective use of banks' resources as it would rate companies that want to borrow in Turkish liras, Aydin said.
The investment-grade area includes debt issued by U.S. corporations with the best credit ratings, but it has delivered negative returns this year and underperformed lower-rated "junk" bonds.
China will lower restrictions on foreign investment in banking, securities, investment management, futures, insurance, credit ratings and accounting sectors, the Cabinet said in a statement posted on its website.
"The agreement acknowledges the considerable measures Moody's has put in place to strengthen and promote the integrity, independence and quality of its credit ratings," Moody's said in a statement.
She also asked if the Office of Credit Ratings had found any evidence that leveraged loan and CLO ratings lack accuracy or are "unduly influenced" by conflicts of interest.
Zhao also dismissed a recent weak credit assessment of HNA by S&P, suggesting the credit ratings agency may have been influenced by a "small amount of public information".
Adding insult to injury, credit ratings agencies Moody's and S&P downgraded Turkey's credit rating last week and the latter said it expects a recession in Turkey in 2019.
The enactment of a fiscal 2018 budget and income tax rate hike by lawmakers in July over Rauner's vetoes saved the state's credit ratings from sinking into junk status.
German banks' costs ate up around 0003 percent of their earnings compared with 2000 percent in the rest of the euro area in 21, according to credit ratings agency Moody's.
Two major credit ratings agencies - ICRA, an affiliate of Moody's, and Standard & Poor's local unit Crisil - earlier this month categorised DHFL's commercial paper at default levels for missing bond payments.
Investors will be able to break this down further by credit ratings, market classification such as developed or emerging markets, geographical region, country, maturity, currency, and, if applicable, corporate sector.
The state's credit ratings could sink to "junk," a first for any U.S. state, leaving some investors unable to buy the state's debt and others to demand even fatter yields.
Illinois' credit ratings, the lowest among the 50 states, have been downgraded six times since Rauner took office in January 2015 and now are just two notches above junk level.
Credit ratings agency Fitch said on Monday the escalation of tensions in Catalonia significantly worsened the outlook for Spain's economic growth and could prompt negative action on the country's rating.
For Adalberth, the years at Klarna wondering and worrying about credit ratings, credit offerings and payments had lost their luster, and the young multi-millionaire was looking for something more.
The proportion of uninsured mortgages, including lines of credit for home equity, has risen to 60 percent this year from 50 percent five years ago, the credit ratings agency said.
Japanese bank Nomura has downgraded Malaysian shares, saying the new government's lack of "significant reform push" could lead to a worsening fiscal position and a possible slip in credit ratings.
The number of countries assigned the top 'AAA' rating by credit ratings agency Fitch has slunk to a 13-year low with no improvement expected in the coming two years.
S&P studied 58 countries and found their credit ratings would likely fall until 2050 if government did not cut budget deficits or curb public spending on health and pensions.
The bank said it was on track for a 2019 return on tangible equity of 4 percent, a key profitability target closely watched by analysts and the credit ratings agencies.
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Dalian Wanda, a Chinese conglomerate, rejigged an agreement to sell its hotels and tourism projects to Sunac China, a property developer, after credit-ratings agencies raised concerns about the financing.
It has swelled 150 bps this year, the most since 2011, as Rome's budget plans create tension with the European Union and put Italian credit ratings at risk of downgrades.
The credit ratings agency said the recovery of institutions in Africa's most industrialised economy would - if sustained - kick-start the economy as well as provide a stabilization of fiscal strength.
So when the regulator describes a problem at one of the "larger" credit ratings agencies, you know it means one of the big three — Fitch Ratings, Moody's or Standard & Poor's.
Consider Equifax, who help to dictate the all-important credit ratings of the American public … but have zero incentive to treat the American public well, since they are not customers.
The impasse, along with a $111 billion unfunded pension liability and a growing pile of unpaid bills have pounded Illinois' credit ratings into the low-investment grade triple-B level.
China will lower restrictions on foreign investment in banking, securities, investment management, futures, insurance, credit ratings and accounting sectors, the State Council said in a statement posted on its website.
The credit ratings agency Moody's, which grades Deutsche with a negative outlook in part because of its modest earnings potential, last week called Deutsche's capitalization, asset quality and liquidity "sound".
A new report by Experian shows the number of loans written in the first quarter for borrowers with subprime and deep subprime credit ratings fell to a 10-year low.
Credit ratings agency Fitch has said that rules requiring big banks to "ring fence" their retail arms with capital have led to increased competition as lenders seek to boost revenues.
Credit ratings information published by Fitch is not intended to be used by persons who are retail clients within the meaning of the Corporations Act 2001 (Reporting by Jeremy Gaunt)
Cuts to credit ratings after Toshiba warned in December of a large writedown put it in violation of one loan covenant, which could prompt lenders to call in loans early.
The agency downgraded the company's credit ratings Tuesday and changed its outlook to negative from stable, citing "significant shortfall" in the Model 3 production rate and a tight financial situation.
At Drexel Burnham, a bright young executive named Michael Milken pioneered and dominated the extremely profitable market in junk bonds — high-risk bonds issued by companies with low credit ratings.
Credit ratings agencies in recent weeks have issued warnings about Pemex and the country's sovereign rating, expressing concern about the government's plans to bail out the deeply indebted oil company.
China's credit ratings industry is dominated by six domestic agencies whose reports do not necessarily disclose as many details about their ratings decisions as those of their major counterparts abroad.
By the numbers, per data from credit ratings agency A.M. Best: Managed Medicaid, in which states outsource their programs to health insurers, represented only 10% of insurer premiums in 2007.
Earlier this year, Charming Charlie's lenders granted the retailer an amendment to its credit agreement, giving it breathing room under its loan rules, according to credit ratings agency Standard & Poor's.
"We are beginning to see city analysts, venture capital firms and credit ratings agencies factor cyber security readiness into the way they assess firms," Rogoyski said in a statement today.
The kiwi got an extra lift after S&P Global Ratings affirmed New Zealand's credit ratings and raised its outlook to positive, opening the door to a possible ratings upgrade.
That will affect their credit ratings, in the long term making them potentially less credit-worthy and resulting in a higher interest rate the next time they go to borrow.
Najib has been able to lower Malaysia's fiscal deficit every year since taking power in 2009 and that has been significant for maintaining the country's investment-grade sovereign credit ratings.
The Fed's potential cuts will trigger another wave of gains and access to credit for high-yield companies, which issue debt with less-than-stellar credit ratings called junk bonds.
They expect bond ratings to weaken as more companies see their credit ratings cut, with 20193% of energy sector bonds under review for downgrade, versus an average of 19% historically.
Credit ratings agency Fitch said that under the GOP plan, the economy would settle on a 85033 percent growth rate, well below the 3 percent rate the administration has promised.
JOHANNESBURG, June 20 (Reuters) - Steinhoff International's acquisition of a stake in British retailer Poundland is good for the South African firm's credit profile, credit ratings agency Moody's said on Monday.
ExGen Texas Power also has a $20 million revolving credit line due in 2019, of which $4 million was drawn in January, according to credit ratings agency Moody's Investors Service.
LONDON, Dec 13 (Reuters) - Credit ratings agency Moody's said on Friday that Brexit uncertainty was likely to return despite British Prime Minister Boris Johnson's comprehensive victory in Thursday's national election.
Credit ratings agency Moody's most recently lowered its outlook on Tesla's situation to negative from stable, citing "significant shortfall" in the Model 3 production rate and a tight financial situation.
Credit ratings agency Fitch said on Wednesday it would review the U.S. sovereign debt rating, "with potentially negative implications," if the debt limit is not raised in a timely manner.
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Despite a cut in interest rates last week, the Aussie was among best performing currency in Asia as its relatively higher interest rate offer and AAA credit ratings strengthened its appeal.
Mauro Leos, a senior vice president in charge of Latin American credit ratings, also said Mexico's spending cuts would ensure that the 2017 fiscal deficit is smaller than the current year's.
Barclays, in the note, appreciates that its predictions rely on the European Central Bank continuing its program of quantitative easing, and that the DBRS credit ratings agency does not downgrade Portugal.
On Friday, credit ratings agency DBRS placed Italy under review because of the political uncertainty as well as pressure on banks, a fragile economic recovery and a less stable external environment.
On Saturday, Economy Minister Giovanni Tria said Italy will respect European Union budget commitments and address the concerns of credit ratings agencies like Fitch with concrete policy choices in coming weeks.
The phrase 'semi-core' is used to describe countries such as France and Belgium that are just below "core" euro zone members Germany and the Netherlands in the credit ratings spectrum.
On the one hand, they offer higher yields than most bonds, but their yields are high because their issuers have low credit ratings, meaning there is a greater chance of default.
"Many of the consumers and small businesses we work with do not have access to financing, credit ratings, or other financial services," AIG CEO Sacha Poignonnec told TechCrunch contributor Jake Bright.
Meanwhile, 22.22 percent of consumers with prime credit ratings (one grade below super prime) borrowing to buy a car, truck and SUV in the second quarter, also chose a used vehicle.
Additionally, these entities tend not to be as "blue chip" as traditional banks, and lower credit ratings translate to higher overall costs of borrowing if funds are sourced from capital markets.
BBH's base case is that South Africa will be downgraded to sub-investment — or "junk" — grade by one of the big-three credit ratings agencies by the end of the year.
While credit ratings are used in the bond market to provide information of the borrower's creditworthiness, green bonds do not have a universal standard that determines the "greenness" of the bond.
Under pressure from Wall Street and credit ratings firms, AB InBev (BUD) has been forced to attack that mountain of debt by raising cash so it can repair the balance sheet.
Credit ratings agency Moody's announced a review of Valeant's ratings for downgrade Monday afternoon, and separate reports from Bloomberg and The Wall Street Journal linked Valeant to a potential SEC probe.
O) has agreed to become the largest shareholder in Johannesburg-based Global Credit Ratings (GCR), the U.S. buyout fund said on Tuesday, looking to broaden the pan-African ratings agency's services.
Midstream companies in recent earnings calls have downplayed those fears by stressing that most shippers have investment grade credit ratings or have asked for letters of credit to shore up protection.
Political instability, high unemployment and credit ratings downgrades have dented business and consumer confidence in South Africa and the rand extended its losses against the dollar, while government bonds also weakened.
Credit ratings and research company Moody's has ranked Austin as the most likely to win based on its labor pool, costs of doing business and quality of life, among other criteria.
Financing has become especially difficult for small banks, as well as brokerages and fund houses, due to demand for higher credit ratings and higher-quality collateral in the interbank lending market.
Some major Deutsche Bank investors had questioned the deal's logic and were unwilling to stump up any extra cash to get it done, while credit ratings agencies had warned of risks.
The lenders could have exercised their rights to call in the loans as Toshiba's credit ratings were downgraded to levels low enough for the lenders to do so, said the people.
The Republican governor, who has not yet called a special legislative session on the proposal, said it should boost the state's credit ratings that have sagged due to the pension problem.
WARSAW (Reuters) - Poland's state-run utilities could put their credit ratings under pressure if they decide to finance the country's first nuclear power station on their own, Fitch Rating analysts said.
Canadian credit ratings firm DBRS - the only ratings agency to maintain an investment-grade ranking for Portugal - said on Friday it was concerned by a recent rise in its bond yields.
LONDON, Oct 30 (Reuters) - A no-deal Brexit would likely tip Britain into a recession that could last more than a year, credit ratings agency Standard and Poor's said on Tuesday.
JOHANNESBURG, April 6 (Reuters) - South Africa's banking sector fell by nearly three percent on Thursday after S&P cut the credit ratings of several major financial institutions following a sovereign downgrade.
Changes in technology could also hit high-grade credit ratings and produce more fallen angels in the near future, according to Michael Terwilliger, a portfolio manager at investment firm Resource America.
In recent weeks, debt bankers have been spending more time in Vietnam, while at least four Vietnamese lenders have had their credit ratings affirmed or received their first global credit score.
Moody's downgraded Tesla's credit ratings after the close Tuesday and changed the outlook to negative from stable, citing "significant shortfall" in the Model 3 production rate and a tight financial situation.
Two major credit ratings agencies - ICRA, an affiliate of Moody's Investors Service, and Standard & Poor's local unit Crisil - last month categorised DHFL's commercial paper at default levels for missing bond payments.
Fitch Ratings has warned that failure to pass a comprehensive budget solution this month will result in yet another downgrade of Illinois' credit ratings, already the lowest among the 50 states.
Credit ratings, in contrast, are closely aligned, with the comparable figure for Moody's and S&P ratings of around 0.9, according to research by Northern Illinois University finance professor Lei Zhou.
Some producers supply all of their energy to PG&E, and although business is continuing as usual for now, they're already feeling the pinch as their credit ratings are downgraded, too.
But companies with lower credit ratings, which make up a significant share of all big companies and include household names like Ford and Macy's, could find the public markets more expensive.
Risks associated with leveraged loans have "intensified, as a greater proportion are to borrowers with lower credit ratings and already high levels of debt," according to the Fed report, released Monday.
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Second, China's excellent credit rating makes it easier for the bank to lend to poorer countries with bad credit ratings, effectively cross-subsidizing countries while maintaining an overall AAA credit rating.
The agency said it would decide by the end of May at the latest whether to downgrade Deutsche Bank's credit ratings once further details of the new leadership's strategy are known.
While credit ratings agencies are forecasting rising debt defaults, the fallout is expected to be less severe for leveraged loans than high-yield bonds, which have three times more energy exposure.
Its credit ratings assigned by the three major agencies - Moody's, Fitch and S&P - are at the low end of investment grade, between one and two notches above Portugal's sovereign rating.
Borrowers with the lowest credit ratings of CCC or lower, will be most affected by the changes to interest deductibility, according to Matthew Mish, head of US credit strategy at UBS.
At least 13 lenders, including 10 rural commercial banks, have had their credit ratings cut or outlooks downgraded to negative since the start of 2017, according to a Reuters analysis in July.
At its last meeting on March 28, Banxico held the benchmark interest rate steady, flagging economic uncertainty and risks surrounding the credit ratings of both state oil company Pemex and the government.
That followed weeks of financial uncertainty after the carrier failed to win auditors' sign-off on its 271.39 financial statements, which triggered warnings of credit ratings downgrades, according to the Reuters report.
With credit ratings hovering just above the junk level, Illinois has had to pay a hefty penalty to sell its debt to investors worried about the state's ongoing financial and political problems.
That followed weeks of financial uncertainty after the carrier failed to win auditors' sign-off on its 2112.05 financial statements, which triggered warnings of credit ratings downgrades, according to the Reuters report.
Moody's, a credit-ratings agency, said in 2015 that the pace of closures and mergers will accelerate and could triple from an average of five per year over the next few years.
Some major Deutsche Bank investors had questioned the deal's logic and were unwilling to step up with any extra cash to get it done, while credit ratings agencies had warned of risks.
Experian's early analysis of auto loans held in the first quarter of the year also found a slight increase in the amount of money being borrowed by those with subprime credit ratings.
In response Treasury said on Thursday Fitch's decision not to change the country's credit ratings would give it an opportunity to deal with the issues that led to the downgrade in April.
Lawmakers ended their spring session last week without a fiscal 2018 budget deal, triggering downgrades that pushed Illinois' credit ratings from S&P and Moody's Investors Service to a step above junk.
Low yields do not weaken the capital position of annuity business under Fitch's Prism factor-based capital model (Prism FBM), and are not a direct threat to UK life insurers' credit ratings.
JP Morgan estimates that capital flight from China since the second quarter of 2014 has totaled $930 billion, while credit ratings agency Fitch on Monday put the figure at over $1 trillion.
The lawsuit also cites Illinois' credit ratings, the lowest among U.S. states at a notch or two above junk, and an "unsustainable" debt burden that includes a $2016.67 billion unfunded pension liability.
Both companies must also evaluate how far they are prepared to let credit ratings slip for a big acquisition, at a time when global interest rates look to be on the rise.
DUBAI, Feb 18 (Reuters) - Downgrades of the credit ratings of three Gulf oil exporters may dampen stock markets in the region on Thursday, offsetting strength in oil prices and global equity markets.
Fears that South Africa's debt could be downgraded to sub-investment — or "junk" — grade by one of the big-three credit ratings agencies by the end of the year are not new.
JPMorgan Chase & Co and Bank of America Corp are the biggest providers of leveraged loans among U.S. banks, with each boasting market share of 11 percent, according to credit ratings agency DBRS.
READ: China's chilling plan to use social credit ratings Algorithmic scoring is everywhere This story has spread because it's just the sort of behavior you'd expect from the authoritarian government in China.
Noel Hutley, barrister representing the councils, said S&P had no reasonable basis for the high credit ratings it had awarded to the SCDOs, which he said were based on "flawed" models.
A political impasse, along with a $111 billion unfunded pension liability and a growing pile of unpaid bills, have pounded Illinois' credit ratings into the low investment-grade level of triple-B.
Among the stocks featured as potential candidates by Subramanian, the chart below shows the ones with high credit ratings from Standard & Poor's and solid cash reserves in relation to their market caps.
Cuts to credit ratings after the TVs-to-nuclear conglomerate warned of a large writedown put it in violation of a loan covenant, which could prompt lenders to call in loans early.
Noble Group's woes show no signs of abating after two major credit ratings agencies said they are keeping their eyes peeled on the beleaguered commodities trader after a profit warning on Tuesday.
Credit ratings agency Standard & Poor's is formally acknowledging what Warren Buffett watchers have known for years: Berkshire Hathaway has transformed itself from an insurance holding company to a full-fledged corporate conglomerate.
Credit ratings agency Moody's warned of the potential for more curtailments to output from defaults arising from the low oil price, which in January was at its weakest in nearly 13 years.
CHICAGO (Reuters) - Illinois' budget crisis dragged down the credit ratings of six state public universities and Chicago's community college system on Thursday in a slew of downgrades by S&P Global Ratings.
Banks, considered the barometer of both political and economic sentiment, have largely borne the brunt of previous credit ratings downgrades given their substantial exposure to sovereign debt and various state-owned companies.
Portugal's 133-year bond yield has risen more than 20 basis points this week, pushed higher after credit ratings agency DBRS warned on Tuesday that pressures were building on the country's creditworthiness.
Achleitner defended his decision, adding that U.S. banker John Thain would head a new strategy committee on the supervisory board of the bank, which is also under pressure from credit ratings agencies.
Credit ratings agency Moody's Investors Service Inc warned in November that pricing pressures, the shift to cloud-based storage and other alternative storage platforms could result in Veritas underperforming the overall market.
As a result, investors are taking bets on the high-yield space, a growing part of the market, where companies with lower credit ratings traditionally provide higher returns but with greater risk.
In recent weeks, credit ratings agencies have issued warnings about Pemex, the sovereign rating, and dozens of corporations, expressing concern about the government's plans to bail out the deeply indebted oil company.
For more information on the key trends in the sector and the main drivers of our credit ratings, see "European Food and Non-Food Retail Handbook" published today and available at www.fitchratings.
Analysts say any fiscal slippage could trigger credit ratings cuts to "junk", and see little room for maneuver in an economy the central bank expects to grow by 0.4 percent this year.
The board of appeal on Wednesday upheld ESMA's decision that the banks had issued illicit credit ratings but found the infringements were not committed negligently and therefore decided to revoke the fines.
Wenning's optimism contrasts with credit ratings agency Fitch, which said in a report last week its outlook for the global reinsurance sector remained negative, due to fierce competition and low interest rates.
S&P generates the credit scores using its CreditModel tool, which simulates the credit ratings that S&P Global Ratings uses to determine how likely a company can default on its debt.
Despite having to pay hefty borrowing costs as a result of its junk credit ratings, the school board agreed to issue up to $945 million of general obligation bonds for capital projects.
But as credit ratings improve, Brazilian borrowers are finding widely-syndicated revolving credits an increasingly viable way to fund balance sheets and operations as the deals free up cash for other purposes.
Moody's downgraded Tesla's credit ratings after the close Tuesday and changed the outlook to negative from stable, citing the "significant shortfall" in the Model 3 production rate and its tight financial situation.
The report recommends that governments disclose the amounts promised to retirees, but officials are loath to do that because they believe it will harm their credit ratings and drive up borrowing costs.
Illinois has the lowest credit ratings among U.S. states at a notch or two above the junk level due to its huge $133.5 billion unfunded pension liability and chronic structural budget deficit.
The bond creditor Moody's announced in November that lack of "sufficient adaptation and mitigation strategies" against climate change and shocks would likely have a negative impact on city and state credit ratings.
Two years ago the central bank asked China's most successful internet companies — including affiliates of the sophisticated online giants Tencent Holdings and the Alibaba Group — to create their own credit ratings systems.
"We do not believe there is a government accreditation or imprimatur by maintaining the regulatory regime over credit ratings agencies that elect to register with the S.E.C.," he said in an email.
Earlier this week an analyst from India Ratings and Research, a credit ratings agency and a unit of Fitch Ratings, told Reuters that about $195 billion of bad loans were already stressed.
Sterling held near its mid-August lows, hovering at $1.2705, after credit ratings agency Standard & Poor's said a 'no-deal' Brexit would be likely to tip Britain into a recession on Tuesday.
"The current trading levels of our bonds are not consistent with our current credit ratings, strong financial performance or our projected ratings trajectory," DAE Chief Executive Firoz Tarapore said in a statement.
Canada's residential mortgage market is dominated by the country's six major banks, which generally do not deal with home buyers who have dubious credit ratings, are recent immigrants or are self-employed.
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A fiscal stalemate between Illinois' governor and Democrats who control the legislature has pounded the state's credit ratings to a step above junk and ballooned its unpaid bill backlog to $15 billion.
Boeing's credit ratings were downgraded on Wednesday by Moody's Investors Service after the company said it planned to halt production of its beleaguered 737 Max, which remains grounded after two fatal crashes.
Political ructions in Africa's most industrialized country including scandals surrounding President Jacob Zuma for his alleged connections to the wealthy Gupta family have caused concern among investors, putting credit ratings at risk.
Underlining the problem, the Standard & Poor's agency downgraded the credit ratings of Saudi Arabia, Bahrain and Oman this week in its second mass cut of large oil producers in almost a year.
And while international credit ratings agency Standard & Poor's, which downgraded Deutsche Bank last year, said a well executed merger could reap efficiencies, it warned a deal would "entail significant uncertainties and risks".
Shares of Indian mortgage lender Dewan Housing Finance Corp Ltd (DHFL) plunged as much as 18% on Thursday after two major credit ratings agencies categorised the company's commercial paper at default levels.
The credit ratings agency Fitch on Thursday revised its outlook for Deutsche Bank to negative from stable amid concern's about the bank's restructuring and strategy, the latest blow to the German lender's reputation.
In late October, S&P wrote to clients that the credit ratings agency may raise its ratings on Pakistan if the country's security environment settles to an extent that economic growth trends higher.
Those who aren't affiliated with the political party of the sitting U.S. president are more apt to downgrade corporate credit ratings, according to the study from the University of Chicago and Cornell University.
Turkish sovereign dollar bonds fell across the curve on Monday and the cost of insuring exposure to Turkish debt rose after Moody's and S&P Global lowered their sovereign credit ratings on Friday.
A revision in credit ratings of their fixed deposit programme prompted DHFL to take these measures, according to a statement from the company to its depositors and financial planners viewed here by BloombergQuint.
The borrowers would have to be "creditworthy federal student debt holders," meaning they would have to have federal loans, earn good credit ratings, have a job, and be up to date on payments.
Cyber risk is a growing threat that can adversely affect credit ratings as attacks can compromise customer data and disrupt websites, with detrimental financial or operational consequences for individual issuers and financial systems.
Three leading credit ratings agencies have Croatia two notches below investment grade, with a negative outlook, and the government hopes its efforts to reduce debt could improve this outlook to stable this year.
"It's injecting resources, it's lowering the tax obligation," President Andres Manuel Lopez Obrador said of the plan to help the company, which credit ratings agencies Fitch and Moody's rate one notch above junk.
The pending lawsuit also cites Illinois' credit ratings, the lowest among U.S. states at a notch or two above junk, and an "unsustainable" debt burden that includes a $2016.67 billion unfunded pension liability.
Zuma is unpopular with many investors after sacking respected finance minister Pravin Gordhan in March, a move that hit South African financial assets and helped tip the country's credit ratings into "junk" territory.
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The agency said the banks, whose credit ratings are among the highest in the world, could be hurt by an increase in problem loans among mining companies and households in mining-dependent states.
LONDON (Reuters) - Britain is more likely to leave the European Union without a deal after Boris Johnson was chosen to succeed British Prime Minister Theresa May on Tuesday, credit ratings agency Moody's said.
Other changes were better received, with credit ratings agency Fitch saying a bill introduced by Lopez Obrador to loosen restrictions on pension fund managers could lead to better returns and payouts for beneficiaries.
The nation's third-largest public school system has become dependent on borrowing to bolster its budget, which is sinking under escalating pension payments, despite credit ratings that have dropped into the "junk" level.
"Nevertheless, our base-case macroeconomic scenario already captures these risks and we do not expect immediate effect on our long-term sovereign credit ratings on Romania," which also currently has a 'stable' outlook.
With sovereign credit ratings back in "A" territory, many see Spain following Ireland's example to transition out of the periphery into "semi-core" - market jargon for the debt of Belgium, France and Ireland.
The retailers sub-index posted the steepest losses on the STOXX 600, with Casino Group falling 4% after the indebted French supermarket canceled its interim dividend and suffered a new credit ratings downgrade.
Chukhlov said Alfa would have more funds available to lend if talks between banks and the central bank allowed the institutions to use domestic credit ratings to calculate provisions rather than international ratings.
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CHICAGO (Reuters) - Illinois' upcoming elections are casting a shadow over the state's ability to pass a new budget, tackle its financial liabilities and keep its credit ratings from sinking into junk, analysts said.
Erdogan, who says a shadowy "interest rate lobby" and Western credit ratings agencies are attempting to undermine Turkey's economy, said Turks should exchange their gold and dollars into lira to help the currency.
In recent weeks, the government has come under pressure as credit ratings agencies Standard & Poor's and Fitch issued a series of warnings about Mexican sovereign debt, oil firm Pemex and dozens of corporations.
Turkish sovereign dollar bonds fell across the curve on Monday and the cost of insuring exposure to Turkish debt rose after Moody's and S&P Global lowered their sovereign credit ratings on Friday .
The city has already employed a bond structure to refund outstanding debt that securitizes sales tax revenue with a statutory lien for investors that resulted in higher credit ratings and lower borrowing costs.
Banks in the EU will no longer be able to use credit ratings from Argentina, Australia, Brazil, Canada and Singapore because the five countries refused to match new EU rules in the sector.
Used to ignoring the naysayers, Benioff writes that he set up a meeting with the credit ratings agencies to persuade them to grant an investment-grade underwriting so Salesforce could finance the deal.
Specifically, New York faced massive deficits resulting from bloated budgets, falling credit ratings that led to decreased market access, and an overall lack of transparency and credibility that stifled investment and stymied growth.
The first is that the corporate defaults are actually decreasing, and the risk that frightens so many people is mostly confined the companies with the very lowest credit ratings of CCC or lower.
A fiscal stalemate between Illinois' Republican governor and Democrats who control the legislature has pounded the state's credit ratings to a step above junk and ballooned its unpaid bill backlog to $15 billion.
"Our credit ratings are based on the analysis of issuers' fundamentals, whereas the covenant scores focus purely on the details of a specific bond's documentation," said Lisa Gundy, chief covenant officer at Moody's.
The credit ratings agency also said the electric-car maker will likely need to raise more money in the near future to meet its cash needs and maintain its expected pace of expansion.
The credit ratings agency also said the electric car maker will likely need to raise more money in the near future to meet its cash needs and maintain its expected pace of expansion.
"The updated guidelines make clear that ESMA can, and will, exercise its powers to request information from EU credit rating agencies about endorsed credit ratings," ESMA Chair Steven Maijoor said in a statement.
Credit ratings agency Moody's has predicted problem loans will rise to well above 4 percent in the next 12-18 months, from 2.9 percent from May, which would also be costly for banks.
So-called junk bonds — issued by companies with poor credit ratings — historically have yielded around 10 percent or more, to compensate investors for taking the risk of buying the debt of such companies.
MEXICO CITY (Reuters) - Ratings agency Moody's said on Tuesday that a deal between Mexico's government and several infrastructure companies over a dispute surrounding gas pipeline contracts was positive for the firms' credit ratings.
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Mr. Jones then accepted contract positions with the School Construction Authority, which is responsible for the building and maintenance of New York City's public schools, and Standard & Poor's, the global credit ratings agency.
Lawmakers ended their spring session on May 31 without a fiscal 2018 budget deal, triggering downgrades that pushed Illinois' credit ratings from S&P and Moody's Investors Service to a step above junk.
British government bonds retain high credit ratings even after losing their top-notch triple-A grades as Britain's economy and public finances struggled to recover from effects of last decade's global financial crisis.
S&P Global Ratings, one of the 'Big Three' agencies alongside Fitch Ratings and Moody's, told CNBC on Thursday that it sees no implication on Japan's credit ratings as a result of the news.
For borrowers with prime credit ratings, Affirm's interest on a 12-month loan is 8 percent, compared with 16 percent in interest and fees on a credit card loan, according to the company's analysis.
The sterling held close to its mid-August lows, hovering at $1.2705, after credit ratings agency Standard & Poor's said a 'no-deal' Brexit would be likely to tip Britain into a recession on Tuesday.
Credit ratings for the nation's third-largest city have been deteriorating due largely to an unfunded pension liability that stood at $33.8 billion at the end of fiscal 2015 for Chicago's four retirement systems.
LONDON, June 19 (Reuters) - The emergence of a "weak" coalition government in Italy would not necessarily lead S&P Global to downgrade the country's sovereign credit rating, the credit ratings agency said on Monday.
And although finance companies cannot legally collect payment without title, and can be held responsible for wrongful acts by the dealer, attorneys say lenders often demand money from buyers by threatening their credit ratings.
The planned bankruptcy filing follows a decline in sales at the armsmaker, in part because of receding fears that guns will become more heavily regulated by the U.S. government, according to credit ratings agencies.
A chronic structural budget deficit and a huge unfunded pension liability that totaled $35.76 billion at the end of 2016 have lowered the city's general obligation (GO) credit ratings and raised its borrowing costs.
Credit ratings for the nation's third-largest city have been plummeting largely due to an unfunded pension liability that stood at $33.8 billion at the end of fiscal 2015 for Chicago's four retirement systems.
The number of countries at risk of having their credit ratings cut has never been higher as the first of the year's crucial reviews looms on Friday in the shape of European struggler Italy.
The resultant funding squeeze and downgrades to its credit ratings forced Wanda's property arm, Dalian Wanda Commercial Properties, to pre-pay in full four loans totalling US$1.7bn by late April of this year.
Avolon last year came under scrutiny over its ultimate ownership by cash-strapped Chinese conglomerate HNA Group with credit ratings analysts pressing for tougher safeguards against it being forced to bail out its parent.
But at this early stage, the damages are not expected to be so excessive that they hit insurers' capital base in a way that would lift slumping insurance prices or hurt their credit ratings.
LONDON, June 7 (Reuters) - A number of major economies could see their credit ratings cut or outlooks lowered if record low interest rates rise to more normal levels, Standard and Poor's warned on Tuesday.
Avolon has come under scrutiny over its links to HNA and credit ratings analysts said this week it would benefit from tougher safeguards against being forced to bail out the cash-strapped Chinese conglomerate.
"What you're seeing with the budget is emblematic of the kinds of difficulties in passing legislation that we expect to see going forward," said Sarah Carlson, Senior Vice President of credit ratings agency Moody's.
The city and CPS have been hit with downgrades that pushed their credit ratings closer to or into the "junk" level and both are paying a huge penalty in the U.S. municipal bond market.
Credit ratings agencies S&P Global Ratings and Fitch in April slashed South Africa's rating to sub-investment grade after a cabinet reshuffle by President Jacob Zuma and downgraded the nation's banks soon after.
President Zuma hopes to embark on an economic overhaul agenda while Gordhan, seen as something of a symbol of stability, has led efforts to trim spending and recover the country from negative credit ratings.
ESMA last month proposed tougher conditions on the use of credit ratings compiled outside the bloc, potentially making it harder for rating agencies in Britain to offer their services in the EU after Brexit.
Shares of Toshiba were down 16.98 percent at 258.7 yen each after both Moody's and S&P Global Ratings downgraded Toshiba credit ratings and put the electronics conglomerate on ratings watch with negative implications.
Allergan's bonds sold off in heavy trading on expectations the deal would fall through and that Allergan would not get the credit ratings lift that market players had expected by its merger with Pfizer.
Credit ratings for the nation's third-largest city have been deteriorating largely due to an unfunded pension liability that stood at $33.8 billion at the end of fiscal 2015 for Chicago's four retirement systems.
JOHANNESBURG, March 31 (Reuters) - Fitch said on Friday South Africa's President Jacob Zuma's cabinet shake-up heightened political risk and signalled policy change, an outcome that risks the country's sovereign investment-grade credit ratings.
The Turkish president said a cut in Turkey's foreign currency credit rating by Standard & Poor's had been a political decision and showed the credit ratings agency had "sided with the coup, not with democracy".
Zuma is already unpopular with many investors after sacking respected finance minister Pravin Gordhan in March, a move that hit South African financial assets and helped tip the country's credit ratings into "junk" territory.
LONDON, July 23 (Reuters) - The European Securities and Markets Authority (ESMA) on Monday said it had fined five Nordic banks 2.48 million euros ($2.91 million) for issuing credit ratings without authorisation from the regulator.
David Maynier, the shadow minister of finance for the main opposition Democratic Alliance party, said that prosecuting Gordhan would be "a disaster for the economy" and would make a credit ratings downgrade more likely.
MEXICO CITY (Reuters) - Mexico's central bank held its benchmark interest rate steady on Thursday, as expected, flagging economic uncertainty and risks surrounding the credit ratings of both state oil company Pemex and the government.
The step would enable Deutsche Telekom to defend its investment-grade credit ratings, Hoettges said, as it swallows the higher-than-expected price paid at auction for 5G spectrum in its German home market.
The step would enable Deutsche Telekom to defend its investment-grade credit ratings, Hoettges said, as it swallows the higher-than-expected price paid at auction for 5G spectrum in its German home market.
Even though China opened up its onshore bond market this year, foreigners have been reluctant to dip in, given wariness about the credit ratings issued by the domestic ratings agencies that dominate the segment.
Frequent borrowers, such as Brazilian energy giant Petróleo Brasileiro (Petrobras) paid 170bp over Libor last March for a US$4.35bn revolving credit facility and this price could decrease if the company's credit ratings improve.
Meanwhile in Turkey, both Moody's and Standard & Poor's ratings agencies cut Turkey's sovereign credit ratings deeper into "junk" territory last month, a development that would have likely worried investors in the broader emerging markets.
JOHANNESBURG, Nov 23 (Reuters) - Ratings firm Fitch kept both South Africa's local and foreign currency credit ratings unchanged at BB+, one notch below investment grade, with a stable outlook, the agency said on Thursday.
The payment comes after two major credit ratings agencies - ICRA, an affiliate of Moody's, and Standard & Poor's local unit Crisil - last week categorised the company's commercial paper at default levels for missing bond payments.
Slow growth propelled Moody's to downgrade the government's outlook from stable to negative at the end of 2015, while the country hovers close to junk status for credit ratings with Moody's and other agencies.
Moody's, the last of the big three international credit ratings agencies to assign South Africa investment-grade status, lowered its forecast for 2019 economic growth to 1.0% from 1.3% after the first-quarter contraction.
Oman, a small oil producer which has had its credit ratings trimmed further into junk territory in recent days, has seen its bonds slump by more than a quarter in less than a month.
A recent credit analysis provided by Moody's Investors Services, a company that tracks both credit ratings and debt for companies, said that Dressbarn's parent company, Ascena, earned $6.6 billion in revenue ending November 2018.
Both the Fox and separate Sky deals would mean assuming the debt of each company in addition to the extra borrowing, a sum that would total $170 billion, according to credit ratings firm Moody's.
The direct lending group typically invests in sub-investment grade and mid-market companies with Double B credit ratings, and has declined more than 100 loans and bonds since its inception 18 months ago.
Credit ratings agencies had warned that Toms, which is known for its charitable giving, would not have been able to repay a $300 million loan due next year without renegotiating it with its creditors.
Credit ratings agency Moody's in September cut Turkey's sovereign debt rating to "junk", or non-investment grade, citing worries about the rule of law after an attempted coup, and risks from a slowing economy.
The practices covered by the settlement — which includes an admission by Wells Fargo that it falsified banking records and harmed customers' credit ratings — are not the only misbehavior the bank has revealed since 2016.
Credit ratings agencies had warned that TOMS, which is known for its charitable giving, would not have been able to repay a $300 million loan due next year without renegotiating it with its creditors.
Credit ratings agencies have flagged the risk to the country's financial sector — Fitch late last week cut Turkey's sovereign credit rating deeper into junk and warned of a hit to the banking sector's performance.
The Mexican peso, already weighed down by trade concerns, took a hit after credit ratings agency Fitch downgraded the country's sovereign debt on Wednesday to BBB from BBB+, just two notches above junk status.
NEW YORK (Reuters) - Comcast Corp, the No. 1 U.S. cable company, said on Thursday it will introduce prepaid TV and internet services to attract customers whose credit ratings do not quality them for postpaid services.
Puerto Rico Electric Power Authority (PREPA) accounted for more than half of downgraded debt in the infrastructure space, which overall saw $9.4 billion worth of credit ratings lowered versus $19.8 billion of upgrades, Moody's said.
The move was intended to "encourage investors to view credit ratings in a more appropriate manner, merely one input in making an investment decision", Michael Piwowar, an SEC commissioner, told an industry conference in March.
Further downgrades of Illinois' relatively low general obligation credit ratings could force the state to pay termination fees to the banks recently estimated at $163 million, according to the state's solicitation to prospective law firms.
S&P also affirmed Berkshire's "A-1963+" short-term credit ratings, the highest possible, and its ratings for several insurance units, including Geico and General Re. It also raised its ratings for Berkshire's BNSF railroad.
These implementation and restructuring costs are expected to taper off by the end of the year, as it severs most of its ties with Johnson & Johnson, according to credit ratings agency Moody's Investors Service Inc.
The Republican-proposed bill to replace Obamacare would hurt the credit ratings for U.S. states, according to Moody's Investors Service, because it would shift a greater share of the cost of Medicaid to the states.
Importantly, the shock scenarios considered in the report differ greatly from Fitch's current base and stress case expectations and are not intended to call into question the assumptions underpinning Fitch's existing credit ratings or outlooks.

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