The rules indicate that low/negative retained earnings, low/negative total assets or high levels of debt finance are symptomatic of a firm that has a junk rating
dollar and the yen Wednesday in Tokyo as Moody's Investors Service affirmed its rating on Spain's government debt, allaying fears that the eurozone country could be cut to a junk rating
Any rating changes stemming from the new ceiling, which is Moody's fourth-lowest junk rating
, will be announced in the next week, according to yesterday's statement.
In a further blow to the already ailing bank, Standard & Poor's downgraded Bankia to junk rating
Among other eurozone countries, Portugal is rated junk by all three rating agencies, Ireland has one junk rating
from Moody's, and Greece is either rated junk or in default by all three.
The company is rated Ba2 by Moody's Investors Service, two steps below investment grade, and BB- by Standard & Poor's, the third- highest junk rating
S&P cut the long-term corporate credit ratings for GM and its GMAC finance arm by two notches to 'BB,' the second-highest junk rating
Standard & Poors reduced the rating of Hollinger's credit to CCC+ status in March, which is the equivalent to a junk rating
The company is rated Baa3 at Moody's, the lowest investment grade, while S&P rates it BB, the second-highest junk rating
Moody's cut ABB's senior unsecured debt ratings by two notches to B1, its fourth-highest junk rating
, from Ba2 with a negative outlook.
Moody's Investors Service rated Emaar's sukuk program B1, the fourth-highest junk rating
, while Standard & Poor's rates the company's foreign debt BB, the second-best non-investment grade.
Moody's cut Tenet's rating from Baa3, its lowest investment grade rating, to Ba3, its third highest junk rating