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

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

Category: blogSource: theflyonthewallFeb 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

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 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

Renault shares fall after Moody"s cuts its debt to "junk" status

Renault's shares fell on Wednesday after Moody's cut its rating on the French carmaker's debt to "junk" status, citing weaker profitability as the company restructures and grapples with falling demand......»»

Category: topSource: reutersFeb 19th, 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

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

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

Market Extra: Kraft Heinz bonds fall into ‘junk’ territory after downgrades

Kraft Heinz saw its bonds lose their investment-grade status and fall into “junk” territory after two credit ratings firms downgraded their debt......»»

Category: topSource: marketwatchFeb 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

GameStop — already at junk status — hit with another debt downgrade as sales dive

GameStop Corp. got another poor review on Wall Street, and this time it’s not about its stock. Moody’s lowered the company’s corporate family rating for its debt from what’s called “Ba2” to “B2,” according to a research note last week......»»

Category: topSource: bizjournalsFeb 3rd, 2020

Junk loan market tensions signal end of buyout-led binge

Many investors are shunning the riskiest corners of the junk-rated U.S. corporate loan market because of concerns about possible credit rating downgrades, putting the brakes on a run of leveraged buyouts and debt-funded dividends......»»

Category: topSource: reutersNov 20th, 2019

Fitch downgraded WeWork"s debt even further into junk with a scathing assessment of its "precarious" funding trap

Fitch Ratings downgraded WeWork's status even further into junk territory late on Tuesday, saying that it had "uncertain liquidity profile" after failing to raise the $3 bil.....»»

Category: topSource: businessinsiderOct 2nd, 2019

Fitch downgrades Saudi Arabia"s debt rating amid fears of further oil-field attacks

Reuters Fitch Ratings downgraded Saudi Arabia's credit rating on Monday due to concerns stemming fr.....»»

Category: topSource: businessinsiderOct 1st, 2019

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

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

Moody"s Cuts Italy"s Debt Rating To One Notch Above Junk

Five months after putting Italy on downgrade watch, Moody's has seen enough and cut Italy's debt r.....»»

Category: blogSource: zerohedgeOct 19th, 2018

Market Extra: Junk bonds — no longer 2018’s darling — flip to red as the corporate debt climate deteriorates

Amid a chorus of concerns over corporate debt, a key index for the high-yield bond market was on track to post losses this year, losing its status as one of the last corners of Wall Street to carry positive returns in 2018......»»

Category: topSource: marketwatchNov 19th, 2018

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

Extended shutdown could hurt U.S. credit rating, Fitch says

An executive with the credit-rating agency pointed to the nation’s mounting debt and concerns that the government can’t grapple with the rising debt level during a shutdown......»»

Category: topSource: washpostJan 9th, 2019

Mexico"s Pemex, after downgrade, will make all debt payments: Lopez Obrador

Mexican state oil firm Pemex will make all its debt payments, President Andres Manuel Lopez Obrador said on Thursday, promising to shore up its finances after Moody's and Fitch downgraded the firm's credit rating to one notch above junk......»»

Category: topSource: reutersFeb 14th, 2019