Credit Credit Downgrades

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  • By Anshuman Daga and Umesh Desai. SINGAPORE/ HONG KONG, Jan 8- Standard& Poor's cut its credit rating on Noble Group to junk, adding to concerns about financing costs for Asia's biggest commodity trader a week after a similar downgrade by Moody's Investors Service and sending its stocks and bonds sliding. The company, with a market cap of $1.5 billion, has a total of...

  • SINGAPORE, Jan 7- Standard& Poor's cut its credit rating on Noble Group to junk on Thursday, adding to concerns about financing costs for Asia's biggest commodity trader a week after a similar downgrade by Moody's Investors Service. Noble's shares have fallen by around 70 percent since mid-February after blogger Iceberg Research questioned the company's...

  • SINGAPORE/ HONG KONG, Dec 30- The chief executive of embattled commodity trader Noble Group Ltd defended its financial position after what it called an "unexpected" move by Moody's Investors Service to cut its credit rating to junk status, slamming its stocks and bonds. The cut to non-investment grade status came just a week after Noble agreed to sell its...

  • NEW YORK, Dec 29- Moody's Investors Service downgraded its credit rating on Noble Group Ltd on Tuesday to junk status with a negative outlook due to concerns over the Singapore- listed commodity trader's liquidity, profitability and cash flow. "The downgrade of Noble's ratings reflects Moody's concerns over the company's liquidity," Joe Morrison, a Moody's vice...

  • NEW YORK, Dec 29- Moody's Investors Service downgraded its credit rating on Noble Group Ltd on Tuesday to junk status with a negative outlook due to concerns over the Singapore- listed commodity trader's liquidity, profitability and cash flow. "The downgrade of Noble's ratings reflects Moody's concerns over the company's liquidity," Joe Morrison, a Moody's Vice...

  • *Fitch cuts Brazil to BB+ amid economic, political crisis. BRASILIA, Dec 16- Brazil lost its coveted investment-grade rating on Wednesday after Fitch became the second credit agency to downgrade the country's debt to junk status, citing concerns about an economic and political crisis threatening to topple President Dilma Rousseff. Investors barred from...

  • Sprint CEO: Caught off guard by downgrade Friday, 18 Sep 2015 | 6:50 AM ET
    Sprint CEO: Caught off guard by downgrade

    Marcelo Claure, Sprint CEO, responds to Moody's recent credit cut and shares the company's turnaround plans.

  • RIO DE JANEIRO, Sept 11- Standard& Poor's decision to strip Brazil of its investment-grade credit rating puts pressure on competing ratings firms to follow suit, but the government still has time to avert another downgrade to junk which would cost billions of dollars in foreign investment. While an overwhelming majority of economists polled by Reuters...

  • RIO DE JANEIRO, Sept 11- Standard& Poor's decision to strip Brazil's of its investment-grade credit rating puts pressure on competing ratings firms to follow suit, but the government still has time to avert another downgrade to junk which would cost billions of dollars in foreign investment. While many analysts consider it a matter of time before Fitch Ratings...

  • Moody's cuts Chicago credit rating to 'junk' Wednesday, 13 May 2015 | 11:00 AM ET
    Moody's cuts Chicago credit rating to 'junk'

    Chicago debt was downgraded by Moody's to "junk" level. CNBC's Kate Rogers explains.

  • Twitter downgraded to neutral: Analyst Monday, 27 Apr 2015 | 12:25 PM ET
    Twitter downgraded to neutral: Analyst

    Robert Peck, SunTrust, explains why he downgraded the social media giant a day before the company reports earnings.

  • Fitch downgrades Japan, warns on fiscal policy Monday, 27 Apr 2015 | 5:55 AM ET

    Fitch Ratings downgraded Japan's credit rating by one notch, the agency said on Monday.

  • Some companies caught up in the Petrobras corruption scandal are pressing Brazil's government to strike a "grand bargain" settlement, sources told Reuters.

  • Media squeeze: Subscriber habits hurt Thursday, 22 Jan 2015 | 3:45 PM ET
    Media under pressure: Falling subscribers to blame?

    Benjamin Swinburne, Morgan Stanley, outlines reasons for his cautious media outlook.

  • Russia's credit rating downgraded: Explanation Monday, 12 Jan 2015 | 11:15 AM ET
    Russia's credit rating downgraded: Explanation

    Last week, Fitch Ratings downgraded Russia's credit rating to 'BBB-'. Paul Rawkins, head of emerging Europe sovereign ratings at Fitch, explains that recent events such as the rapid decline in the oil price and the volatility of the Russian ruble contributed to the downgrade.

  • Why Fitch placed Japan on ratings watch negative Thursday, 11 Dec 2014 | 7:07 PM ET
    Why Fitch placed Japan on ratings watch negative

    Andrew Colquhoun, Head of Asia-Pacific Sovereigns at Fitch Ratings, says the justification to delay the sales tax hike was an "eyebrow raiser" and discusses the possibility of downgrading Japan's credit rating next year.

  • S&P cuts Italy's rating to just above junk Friday, 5 Dec 2014 | 9:28 PM ET

    S&P cut Italy's credit rating to one notch above junk, saying weak growth and poor competitiveness undermined the sustainability of its huge debt pile.

  • Nikkei to breach 18,000: Expert Monday, 1 Dec 2014 | 8:14 PM ET
    Nikkei to breach 18,000: Expert

    Despite uncertainty over upcoming elections and a slow economic recovery, Jonathan Pain, Author of "The Pain Report" and Director of JP Consulting, says the stock market will go higher.

  • Moody's: Why we downgraded Japan Monday, 1 Dec 2014 | 8:04 PM ET
    Moody's: Why we downgraded Japan

    Thomas Byrne, SVP, Regional Credit Officer, Sovereign Risk Unit at Moody's, identifies the delay in the consumption tax and doubts over Abe's growth revival strategy as reasons for the agency's downgrade.

  • Not concerned about Japan downgrade: Pro Monday, 1 Dec 2014 | 7:16 PM ET
    Not concerned about Japan downgrade: Pro

    Chris Konstantinos, Director of International Portfolio Management at Riverfront Investment Group, explains why he's still bullish on Japanese equities despite Moody's downgrade.