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Entries tagged "ratings"Buffett downgrades holdings of Moody'sWarren Buffett slims down his holdings of Moody's to 17% in the wake of seven quarters of declining profits and intense scrutiny from the government. Univision gets more room with new debtUnivision gets more financial flexibility with new debt, but its debt load still looks unmanageable. 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. BofA and PNC receive post-deal ratings hitsBank of America Corp. and PNC Financial Services Group Inc. opened up their wallets in 2008, making some bold moves by picking up distressed peers. And while the deals may have long-term growth potential for the two banks, credit rating agencies Standard & Poor's and Moody's Investors Service have some reservations over the acquisitions. ... Is Tyson chickening out?President and CEO of Tyson Foods Inc., Dick Bond, has resigned to pursue other interests. Well, that's pretty vague, and so it's already set off speculation that his resignation may foreshadow future troubles at the company. ... 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. ... Casinos are increasingly a gamble, as consumers' purse strings tightenGaming was the most active sector in Moody's Investors Service's August report on liquidity of speculative-grade companies, released Friday. The report reflects ratings changes and additions to Moody's liquidity watch during July, when the gaming business saw two downgrades and five newcomers to the list of companies with speculative-grade liquidity. ... Another day, another ratings move against the monolinesAnything Moody's Investors Service can do, Standard & Poors can do faster. S&P's downgrade of MBIA Inc. and Ambac Financial Group Inc. on Thursday beat Moody's to the punch as Moody's on Wednesday only put the monoline's triple-A rating on review for possible downgrade.... Moody's downgrade warnings put monoline shareholders in bad moodShares of the two largest U.S. bond insurers, MBIA Inc. and Ambac Financial Group Inc., took a tumble Wednesday following Moody's Investors Service's warning that it may downgrade the triple-A ratings of these recently capitalized monolines. MBIA slid 17% to close at $2.49 per share, and Ambac fell 15.84% to $1.06. ... Ratings Review: MBIA, Ambac may get Moody's downgradeShares of MBIA Insurance Corp. and Ambac Assurance Corp. nosedived Wednesday afternoon as Moody's Investors Service announced it may downgrade its credit ratings on the two bond insurers. The possible downgrade is a result of deteriorating financial conditions at both bond insurers attributed to the mortgage-fueled credit crunch. MBIA fell 80 cents, or 13%, to $5.82 while Ambac dropped 47 cents, or 16%, to $2.52 as Moody's placed its Aaa rating on MBIA and Ambac on its review for possible downgrade. Moody's warned that it may downgrade MBIA one level to Aa and Ambac two notches to A. ... Ratings Review: Is CIT paying for Moody's past mistakes?Moody's Investors Service was the first of the three major credit ratings agencies to downgrade commercial lender CIT Group Inc. below A-level, dropping its senior unsecured rating to Baa1 from A3 late Thursday evening. Moody's main concerns relate to the risk associated with CIT's mortgage portfolio.... Private Capital Symposium Video: S&P's Diane Vazza on ratings credibilityAt The Deal's Fifth Annual Private Capital Symposium, Diane Vazza, a managing director and head of global fixed-income research at Standard & Poor's, spoke about what her firm is doing to restore ratings credibility. S&P itself has instituted 27 voluntary actions to raise credibility of the ratings for distressed investors, Vazza said. "These are not mandated by any regulatory authority, but the voluntary actions are items that managers at S&P served up based on concerns in the market that would help bring more transparency to the ratings and restore credibility to the ratings."... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "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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