Fitch cuts Kraft Heinz credit rating to "junk"

Fitch Ratings Inc. cut the credit rating of Kraft Heinz Co. to below investment grade on Friday. Only one more rating agency needs t.....»»

Category: topSource: marketwatchFeb 14th, 2020

Kraft Heinz"s credit rating cut to "junk" by Fitch

Kraft Heinz Co's debt rating was cut to "junk" by global credit ratings agency Fitch on Friday, a day after the ketchup and sausage maker reported lower-than-expected quarterly sales and wrote down the value of some businesses......»»

Category: topSource: reutersFeb 14th, 2020

Fitch cuts Kraft Heinz debt rating to junk status on leverage concerns

See the rest of the story here. provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallFeb 14th, 2020

Kraft Heinz Downgraded to Junk

As Kraft Heinz reported earnings, it became clear that its turnaround plans are a mess. Fitch has downgraded the stock to a junk rating......»»

Category: blogSource: 247wallstFeb 15th, 2020

Kraft Heinz credit in danger of downgrade to "junk" after outlook revised to negative

Kraft Heinz Co.'s credit rating is now in danger of downgrade into "junk" territory at F.....»»

Category: topSource: marketwatchAug 12th, 2019

S&P cuts Macy"s credit rating to junk

A global credit analyst has lowered retail giant Macy's Inc.'s lending score on what it views as risks to the department store chain's recently unveiled plan to improve its business. S&P Global Ratings cut Macy's (NYSE: M) one notch to BB+ from B.....»»

Category: topSource: bizjournalsFeb 24th, 2020

Renault shares fall after Moody"s cuts company to "junk" status

Renault's shares fell on Wednesday after credit rating agency Moody's cut its rating on the French carmaker's debts to "junk" status......»»

Category: topSource: reutersFeb 19th, 2020

S&P lowers Kraft Heinz long-term issuer credit rating to "BB+"

See the rest of the story here. provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallFeb 17th, 2020

Warren Buffett just lost $1 billion in 2 days

The famed investor took the hit after the food titan posted lower sales and profits and Fitch cut its credit rating to "junk.".....»»

Category: topSource: moneycentralFeb 14th, 2020

Buffett"s Kraft-Heinz investment takes another blow

Fitch ratings lowered its rating for The Kraft Heinz Company one notch to BB+......»»

Category: topSource: foxnewsFeb 14th, 2020

Ailing Kraft Heinz gets downgraded to junk status

Kraft Heinz as downgraded to junk status by Fitch Ratings, which predicted the company’s leverage will remain high for an extended period......»»

Category: topSource: moneycentralFeb 14th, 2020

Fitch downgrades WeWork after aborted IPO leaves financing hole

Global credit rating agency Fitch Ratings on Tuesday downgraded WeWork's credit rating by two notches to "CCC+", putting the Softbank-backed office-sharing firm deep into junk territory a day after it abandoned an initial public offering......»»

Category: topSource: reutersOct 1st, 2019

Mylan"s stock falls toward 7 1/2-year low; credit rating now in danger of downgrade to "junk" at Fitch

Shares of Mylan N.V. sank 2.7% in morning trade toward a 7 1/2-year low, after Fitch Ratings revised its outlook on the generic drug maker's credit rating to negative from sta.....»»

Category: topSource: marketwatchMay 15th, 2019

S&P puts Kraft Heinz on review for possible downgrade that would move it closer to junk status

S&P Global Ratings said Monday it is placing Kraft Heinz Inc.'s BBB rating on review for a possible downgrade that wo.....»»

Category: topSource: marketwatchMar 18th, 2019

Trouble In Turkey As Fitch Cuts Junk Rating

Down more than 36 percent year-to-date, the iShares MSCI Turkey ETF (NASDAQ: TUR) is one of the worst-performing single-country emerging markets exchange traded funds in 2018.  read more.....»»

Category: blogSource: benzingaJul 16th, 2018

Nokia"s credit rating rises out of junk territory at Fitch

Nokia Corp.'s credit rating was upgraded to BBB- from BB+ at Fitch Ratings, effectively lifting the Finland-based network infrastructure giant's credit out of junk territory. The rating outlook is stable. Nokia's U.S.-listed.....»»

Category: topSource: marketwatchAug 9th, 2018

Lennar"s credit upgraded out of junk at Fitch

Lennar Corp.'s credit rating was upgraded Monday out of "junk" territory, following the completion of the deal in which the homebuilder acquired CalAtlantic Group Inc. in a $9.3 billion deal. The outlook was revised to stable. Fit.....»»

Category: topSource: marketwatchSep 10th, 2018

GE"s stock tumbles toward 8th-straight loss after credit downgrade at Fitch makes it unanimous

General Electric Co.'s longer-term issuer default rating (IDR) was downgraded two notches to BBB+ from A at Fitch Ratings. The move, which puts GE's rating at just three notches above "junk" st.....»»

Category: topSource: marketwatchNov 2nd, 2018

PG&E falls further after S&P cuts credit rating to junk

PG&E Corp's shares fell 14 percent on Tuesday, after S&P Global stripped the California power company of its investment-grade credit rating in the face of massive claims stemming from deadly wildfires......»»

Category: topSource: reutersJan 8th, 2019

PG&E Extends Plunge as S&P Cuts Bond Rating to "Junk" on Wildfire Liability

Pacific Gas & Electric shares extended declines Tuesday following a move by Standard & Poor's to cut the California utilities credit rating into junk status as it grapples with billions in costs......»»

Category: topSource: moneycentralJan 8th, 2019

PG&E stock, bonds plunge anew as S&P cuts its credit rating to junk

PG&E Corp. shares continued plunging and bonds dr.....»»

Category: topSource: latimesJan 8th, 2019