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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

Starbucks credit downgraded to 2 notches above "junk" at Fitch, outlook is negative

Starbucks Corp.'s credit rating was downgraded to BBB from BBB+ at Fitch Ratings, citing the coffee seller's high debt leverage amid a "significant business interruption" from the coronavirus .....»»

Category: topSource: marketwatchMay 4th, 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

Canadian ETFs lose ground as Fitch cuts sovereign rating

Exchange-traded funds made up of Canadian securities slumped Wednesday in the wake of a sovereign debt downgrade. Fitch Ratings on Wednesday cut the country's rating to AA+ from AAA, citing.....»»

Category: topSource: marketwatchJun 24th, 2020

Italy Credit Rating Slashed Toward Junk

Italy, suffering from one of the highest COVID-19 death rates in the world, crushing sovereign debt, and a collapsing economy, took another blow as rating agency Fitch cut its credit rating to just........»»

Category: blogSource: 247wallstApr 29th, 2020

S&P cuts Renault bonds to "junk" and downgrades outlook on PSA

Credit rating agency Standard & Poor's (S&P) delivered downgrades on Thursday to France's top car companies Renault and PSA , cutting Renault's bonds to 'junk' status due to the impact of the new coronavirus......»»

Category: topSource: reutersApr 9th, 2020

Macy"s and Coach, Michael Kors parents join "fallen angel" ranks as Fitch cuts credits to "junk" status

Macy's Inc. , Coach-parent Tapestry Inc. and Michael Kors-parent Capri Holdings Ltd. all became "fallen angels" Wednesday, after Fitch Ratings cut the c.....»»

Category: topSource: marketwatchApr 1st, 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

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