Sentences with phrase «junk status downgrades»

In fact, it seemed to take the worst news possible — like Junk Status downgrades — to spark life back into the Rand and trigger a significant strengthening, as the below Chart shows.

Not exact matches

Bowie bonds were eventually downgraded to one notch above junk status.

Just as significant as the ratings downgrades may be the suspension on Friday of the creditor talks in Greece — whose debt S. & P. long ago gave junk status.

But recall that Moody's did not downgrade Enron to junk status until Enron hit the wall.

And if all that wasn't enough, Moody's is putting Illinois under consideration for a credit downgrade — potentially making it the first U.S. state to receive «junk» rating status.

Suffice it to say there will be more sellers than buyers on a downgrade to junk status for Illinois.

Last week Standard & Poor's downgraded Brazil's sovereign rating back to junk status.

The 500 - room Westin was built in 2007, but it hasn't met revenue projects over the last decade, and in 2014, Standard & Poor's downgraded the village to junk - bond status based mostly on the financial mismanagement of the hotel.

Gaughran's proposal feeds off Oyster Bay's downgrade, allowing for a recall election if a municipality's status is lowered to «junk bond» status.

Oyster Bay is reeling from scandals involving an influential restaurateur, a former town official and financial problems that triggered a ratings agency to recently downgrade the town's debt to «junk bond» status.

Last April, Standard and Poors downgraded the town's credit to junk status, citing a decade of deficits and weak financial management while Moody's Investor Services in January assigned the town its lowest investor grade ranking.

The borrowing had been planned before the town's downgrade to junk status by Standard & Poor's on April 27.

Ratings agencies now cite political uncertainty as they downgrade the country's investment prospects ever closer to «junk» status.

Venditto's reputation in Oyster Bay suffered as the town's once enviable finances deteriorated as debt more than doubled to more than $ 729 million over the past decade and Standard & Poor's downgraded Oyster Bay's credit rating to junk status.

«The latter included China's stock market collapse and its global repercussions and effects on commodity prices; the Aug. 11 devaluation of the renminbi; the downgrade of Brazilian debt to junk status by Standard and Poor's on Sept. 9; and the major uncertainties surrounding the possible increase of the U.S. Federal Reserve funds rate.

Investors are demanding higher yields to hold the recent downgrade to junk status debt.

It was the second downgrade to junk status for FGIC Corp this week.

The drop to junk status shows that the company could quickly run into difficulties in paying its debts, especially as the company will see its cost of capital increase and its financing options shrink as a result of the downgrade.

In October 2015, ratings agency Fitch downgraded the state's credit rating to near - junk status.

While ETF traders have been saying stocks were poised for some sort of downside correction, particularly in view of riots in Greece in the wake of Standard & Poor's downgrade of that country's sovereign debt to junk status, Thursday's swift and unprecedented price action — between 2:30 and 3:00 p.m. EDT — clearly involved computers as opposed to panicked humans.

As a result of all of this, the stock of the company dropped over 30 % from before the news broke, and its debt has been downgraded to junk status by several rating companies.

The actual downgrade to junk status usually drives more selling pressure, particularly from funds that are restricted to holding investment - grade debt exclusively.

For example, an oil company that has reported sustained losses over several quarters due to falling oil prices may see its investment - grade bonds downgraded to junk status due to increasing risk of default.

Fallen Angels are the name for bonds that were once investment grade, but have been downgraded towards junk status.

In June 2017, credit rating agencies warned that Illinois could become the first state to have its debt downgraded to junk status if a budget was not enacted for the 2018 fiscal year.

«If you look at the long - term [for coal], it's not getting any better,» said Standard & Poor's Aneesh Prabhu when S&P downgraded coal company bonds to junk status.

The South African rand plunged more than 11 % in the last 7 days, first rattled by a downgrade by Standard & Poors to junk status as well as the move by Moody's to place South Africa — which it has two notches above junk — on downgrade review.

2016 could see South Africa entering another recession and a ratings downgrade to junk status as an investment destination is possible.

On March 11, Moody's Investor Service downgraded its senior unsecured debt rating to junk status.

«South Africa's downgrade to junk status by S&P Global will put more pressure on the economy as a whole, sending it further into negative territory, with a natural ripple effect on the residential property market.

From lack of leadership, widespread corruption, incompetent management of state - owned entities, political shenanigans, the downgrade to junk status has placed more pressure on the an already fragile Rand and the consumer.