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Entries tagged "Credit ratings"Moody's upgrades tech hardwareMoody's foresees improving conditions for technology hardware, citing improved conditions in chip and PC markets. Ratings Review: PEP, PAS, PBG, KO, CCES&P lowers its outlook to negative on Pepsi after Tuesday's purchase of two bottlers. GM sends CBS ratings down; is GE next?GE will feel some pain from GM bankruptcy, but another downgrade on the conglomerate will likely be blamed on GE Capital's possible weakness. Moody's sends bad news to NYT, McClatchyRatings agency Moody's Investors Service forecast a darkened outlook for two newspaper bellwethers, the New York Times Co. and McClatchy. Corporate defaults soar in MarchAccording to Moody's Investors Service the default rate shot up to 7% in March from 4.1% in February, as 35 companies went into default. Bank Watch: Stocks up, but many banks' ratings downgradedMarkets rose after an auto bailout plan was announced. The Dow climbed 60.53 points to 8,665.52, the S&P 500 gained 9.45 points to 894.73, and the Nasdaq increased 22.11 points to 1,574.48. Financial stocks were mostly up, but many big banks' stocks dropped on credit-rating announcements. ... Insurer Hartford claims it's 'strong and well capitalized'Hartford Financial Services Group Inc. wants to set the record straight. The insurance company insisted on Monday it has more than enough money to weather the financial storm after its stock took a major hit last week on rumors of its weak financial health. ... Moody's is down on Morgan StanleyMorgan Stanley CEO John Mack has his back against the wall as shareholders and clients pull out of the New York-based bank. Now, credit rating agency Moody's Investors Service prepares to tighten the noose even further with a possible downgrade. The downgrade is partly contributing to the stock's drop-off Friday of nearly 35% to $8 by midday. ... No love for LillyEli Lilly and Co. swept in last week to nab ImClone Systems Inc. for $6 billion to bolster its biotech and oncology presence. But the deal immediately raised eyebrows when Lilly executives revealed that as much as half the cash will be raised through debt. Last we checked, the credit markets were frozen. Not to worry, execs said, we've got lines of credit we can tap. ... Fitch: ImClone an expensive pill for LillyPharmaceutical company Eli Lilly and Co. made its biggest acquisition ever with its $6.5 billion cash deal to acquire biotech company ImClone Systems Inc. on Monday. But credit rating agency Fitch Ratings feels Eli Lilly is taking a risk that may warrant a possible credit rating downgrade.... No ratings changes on Brinker with Macaroni Grill saleBrinker International Inc. wants Romano's Macaroni Grill off its menu. The owner of casual dining restaurants sold its majority share of the Italian eatery to MacAcquisition LLC for $131.5 million in cash on Aug. 18. Brinker will still retain a 19.9% interest in Macaroni Grill. For Fitch Ratings, the sale had no impact on Brinker's debt ratings. Fitch maintains a BBB- rating and negative outlook on Brinker.... S&P ratings action ensure gains at bond insurersStandard and Poor's and its ratings agency peers have caused much heartache and pain among shareholders of the major bond insurers due to a mix of downgrades and negative reviews. But on Friday, Aug. 15, shareholders of the two largest monolines, MBIA Inc. and Ambac Financial Group Inc., had S&P to thank for significant stock gains. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Credit ratings." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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