(MCO) Fitch Threatens US Credit Rating Downgrade
Fitch Ratings said on Wednesday that it will keep a watch on U.S. debt for a possible downgrade if the debt ceiling isn’t raised by August 2. The news was published in the Associated Press yesterday....
View Article(CFI) Company News for June 17, 2011 – Corporate Summary
• Shares of Virginia-based bank Capital One Financial (NYSE:COF) rose 2.36% after the bank announced plans to purchase ING’s U.S. online bank. The deal will help Capital One become the fifth...
View Article(MCO) Moody’s Unveils New Mobile Website Version
Credit rating and research provider, Moody’s Corp. (MCO) recently launched a mobile version of Moodys.com, which can be accessed from any smartphone browser. The mobile version will allow users to...
View Article(BAC) Bank of America Sells Uridashi Notes
Last week, Bank of America Corporation (BAC) sold 3-year Uridashi notes in Australian dollars as well in South African Rand (ZAR). Uridashi notes are debt issued in the euro markets and are sold mostly...
View Article(AXP) American Express Issues $600 Million in Notes
Last week, American Express Co.’s (AXP) (AmEx) American Express Credit Corp sold senior unsecured floating-rate notes worth $600 million, according to Thomson Reuters. The senior floating-rate notes...
View Article(WRC) Warnaco Group Completes Debt Offering
Warnaco Group Inc. (WRC) recently announced the completion of a senior secured term loan offering of $200.0 million. The debt has been scheduled to mature in 2018. Warnaco will pay interest at a...
View Article(LNC) Lincoln National Rating Action
Lincoln National Corp. (LNC) experienced ratings actions on its freshly issued senior unsecured notes from both Moody’s Investors Service of Moody’s Corp. (MCO) and A.M. Best. Accordingly, Moody’s has...
View Article(MCO) Prudential Financial Upgraded by Moody’s
Last week, credit rating agency Moody’s Investors’ Service, a subsidiary of Moody’s Corp. (MCO), affirmed the debt rating of Prudential Financial Inc. (PRU) at “Baa2” and upgraded its outlook to...
View Article(MCO) Moody’s Casts Shadow on Toyota Motor
Moody’s Investors Service, the credit rating arm of Moody’s Corp. (MCO), has cut the credit rating for Toyota Motor Corp. (TM) by one level to Aa3 on the back of its weakening market position and...
View Article(EQIX) Equinix Offers 7% Senior Notes
Global data center service provider Equinix Inc. (EQIX) recently commenced a public offering of senior notes worth $750.0 million. Equinix filed for the registration with the U.S. Securities and...
View Article(JPM) JPMorgan Chase & Co – Bank of New York Mellon Likely to Suffer Rating Cut
Over the next 18 months, debt ratings of JPMorgan Chase & Co. (JPM) and Bank of New York Mellon Corporation (BK) might be lowered by Moody’s Investors Service, the rating arm of Moody’s Corp....
View Article(RF) Standard & Poor’s Ratings Services Ups Regions Financial’s Rating Outlook
On Friday, Standard & Poor’s Ratings Services (S&P) lifted its outlook on Regions Financial Corp. (RF) and its subsidiary Regions Bank to ‘Stable’ from ‘Negative.’ The rating agency is...
View Article(MCO) Much Ado About a Double-Dip?
Don’t panic. This is not the time to be scared by heated talks on the possibility of a so-called double-dip recession. The global stock market has come crashing down close on the heels of the debt...
View Article(AIG) American International Group Offers Notes Worth $2 Billion
Yesterday, American International Group Inc. (AIG) vended off senior unsecured floating-rate notes worth $2.0 billion in a two-part offering. Accordingly, one part of senior unsecured notes is valued...
View Article(PNC) PNC Financial Services Group Sells Senior Notes
Last week, PNC Funding Corporation, a unit of PNC Financial Services Group Inc. (PNC), announced the sale of 5-year senior notes with a maturity value of $1.25 billion. PNC Financial sold the notes at...
View Article(MCO) Moody’s Downgrades Three U.S. Mega Banks
On Wednesday, Moody’s Investors Service, a credit rating arm of Moody’s Corp. (MCO) downgraded its credit ratings on Bank of America Corporation (BAC), Citigroup Inc. (C) and Wells Fargo & Company...
View Article(MCO) Insurance Industry Stock Update – September 2011 – Industry Outlook
Despite a series of natural disasters and consequent above-average losses, the U.S. insurance industry could rebound only with help from rising rates and reduced pricing pressure. Though financials of...
View Article(RTN) Raytheon Beats Earnings Forecast – Updates Outlook
Raytheon Company (RTN) reported third-quarter 2011 adjusted earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.33. Results were also higher than the year-ago quarterly earnings of...
View Article(IMF) IMF Introduces Bailout Fund – A Thanksgiving Gift For Europe?
When the world economy is reeling under the European sovereign debt crisis and ever-increasing uncertainty in the continent across the Atlantic, here’s some good news from the International Monetary...
View Article(ORCL) Oracle Launches New Software – Oracle Financial Services Liquidity...
Oracle Corp. (ORCL) recently launched its new financial services software, namely Oracle Financial Services Liquidity Risk Management. The new software will help banks to efficiently and effectively...
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