Credit Ratings
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Weak demand still hurting US seaports - Fitch
Feb 11, 2010 13:00 EST
US seaports will recover slowly from prolonged recession, Fitch Ratings analyst says. U.S. seaport operators will recover slowly from two years of weak sea-based trade, a Fitch Ratings analyst said Thursday.
Berkshire set to buy Burlington Northern after shareholder OK
Feb 11, 2010 11:43 EST
NEW YORK (Reuters) - Burlington Northern Santa Fe Corp <BNI.N> shareholders approved the No. 2 U.S. railroad company's takeover by Berkshire Hathaway Inc <BRKa.N> <BRKb.N>, clearing the way for the largest acquisition of billionaire investor Warren Buffett to be completed on Friday.
Citi Field bonds cut to `junk' status
Feb 10, 2010 19:56 EST
Citi Field bonds cut to `junk' status by ratings agencies. Citi Field's bonds have been lowered to junk status by Standard & Poors and Moody's Investors Service because the company that insures the reserve fund for many of them is having financial troubles.
How the poor can get poorer, and be OK about that
Feb 09, 2010 19:06 EST
VILNIUS/RIGA (Reuters) - Moody's upgraded the outlook for Lithuania's debt rating recently, but that means nothing to people like Lijandra Garniene.
S&P cuts outlook on Citigroup, Bank of America
Feb 09, 2010 18:00 EST
S&P cuts outlook on Citigroup, Bank of America to negative, affirms banks' ratings. Standard & Poor's Ratings Services on Tuesday cut its outlook on Citigroup Inc. and Bank of America Corp. to "negative" from "stable," saying bond holders could take a hit if the government steps in again to support banks.
S&P Ratings cuts outlook on Citigroup
Feb 09, 2010 16:58 EST
S&P Ratings cuts outlook on Citigroup to negative, affirms bank's ratings. Standard & Poor's Ratings Services on Tuesday cut its outlook on Citigroup Inc. to "negative" from "stable," saying the U.S. government appears increasingly likely to leave bond holders hanging in case of another bailout of financial companies.
ACS credit ratings raised after Xerox acquisition
Feb 09, 2010 15:05 EST
Affiliated Computer Services' credit ratings raised after Xerox acquisition. The credit ratings of Affiliated Computer Services Inc. were raised to investment grade from junk Tuesday following the company's acquisition by Xerox Corp.
Moody's reviews its ratings for MGM Mirage
Feb 08, 2010 16:17 EST
Moody's reviewing its debt ratings for MGM Mirage for possible upgrade. Moody's Investors Service said Monday it's reviewing MGM Mirage's debt ratings for possible upgrade after the casino operator said it wants to push back the maturity dates on some $5.55 billion of debt by more than two years.
G7 reassures on Greece, talks tough on banks
Feb 06, 2010 23:45 EST
IQALUIT, Canada (Reuters) - Reassurances about debt-strapped Greece and agreement that banks should pay for future rescue funds capped an international meeting in Canada's Arctic, as European policymakers sought to convince jittery markets that they have things under control.
G7 reassures on Greece, talks tough on banks
Feb 06, 2010 23:45 EST
IQALUIT, Canada (Reuters) - Reassurances about debt-strapped Greece and agreement that banks should pay for future rescue funds capped an international meeting in Canada's Arctic, as European policymakers sought to convince jittery markets that they have things under control.
Frustrated job seekers deciding to call it quits
Feb 06, 2010 14:35 EST
With hiring still scarce, many frustrated job seekers are deciding to call it quits. Many jobless people have reached a conclusion that captures the depth of the unemployment crisis: Looking for a job is a waste of time.
Some wary of SEC's high-frequency presumptions
Feb 05, 2010 19:18 EST
NEW YORK (Reuters) - Regulators considering new rules for U.S. stock markets should take care not to assume that certain types of high-frequency trading are harmful, speakers at a conference on algorithmic trading said on Friday.
S&P cuts Berkshire's rating, cites Burlington deal
Feb 04, 2010 17:04 EST
S&P lowers Berkshire Hathaway's 'AAA' rating, citing effects from Burlington Northern purchase. Standard & Poor's has followed through on its warning and lowered Berkshire Hathaway Inc.'s long-term credit rating Thursday as the Omaha firm readies to acquire Burlington Northern Santa Fe Corp.
Berkshire to issue $8B of debt for BNSF purchase
Feb 04, 2010 15:51 EST
Berkshire Hathaway to borrow $8 billion to finance Burlington Northern deal. Berkshire Hathaway Inc. filed documents Thursday indicating plans to sell $8 billion of debt to finance the acquisition of railroad Burlington Northern Sante Fe Corp.
Moody's warns on costs; forecast disappoints
Feb 04, 2010 10:34 EST
NEW YORK (Reuters) - Moody's Corp <MCO.N>, parent of credit-rating agency Moody's Investors Service, forecast 2010 earnings below Wall Street expectations and warned of rising compliance costs, sending its shares down more than 4 percent.
MetLife shares drop as S&P warns of downgrade
Feb 03, 2010 14:17 EST
NEW YORK (Reuters) - MetLife Inc <MET.N> faced a possible credit ratings downgrade and its shares dropped more than 4 percent on Wednesday, a day after the biggest U.S. life insurer confirmed it was in talks but hadn't reached a deal to buy a unit of American International Group Inc <AIG.N>.
Moody's lowers outlook for Melco Crown subsidiary
Feb 03, 2010 13:10 EST
Moody's cuts outlook for Melco Crown subsidiary on weaker-than-expected 4th-quarter results. Moody's Investors Service lowered the outlook for a subsidiary of Macau casino operator Melco Crown Entertainment Ltd. on Wednesday, citing softer-than-expected fourth-quarter results.
Moody's affirms Textron's ratings, ups outlook
Feb 02, 2010 14:55 EST
Moody's Investors Service affirms ratings of Textron and its finance unit, upgrades outlook. Moody's Investors Service on Tuesday affirmed the ratings of Textron Inc. and its finance subsidiary Textron Financial Corp., and upgraded the rating outlook.
Corrected: Defense shares gain on spending boost in U.S. budget
Feb 02, 2010 06:45 EST
ATLANTA (Reuters) - Shares of major U.S. defense contractors rose on Monday after the Obama administration unveiled a defense budget for fiscal 2011 that seeks a 3.4 percent increase in the Pentagon's base budget and $159 billion to fund missions in Iraq, Afghanistan and Pakistan.
SuperMedia gets junk bond rating on $2.75 bln loan
Jan 29, 2010 16:02 EST
SuperMedia gets junk bond rating on $2.75 bln loan. A credit ratings agency on Friday assigned a junk bond rating to a $2.75 billion loan taken out by SuperMedia Inc., the second largest U.S. publisher of yellow pages directories.
