Sentences with phrase «credit downgrade»
"Credit downgrade" refers to a situation where a company, country, or individual's creditworthiness or financial stability is assessed to be lower than before. It means that their ability to repay debts or their overall financial health has been deemed to have worsened by a rating agency or financial institution. This downgrade can make borrowing more expensive for the entity and usually indicates a higher risk in lending to them. Full definition
A central issue for many South Africans over the past few years has been the health of our economy and the subsequent credit downgrades by agencies like S&P and Moody's.
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Mr. Ceci also announced that the government would legislate a debt ceiling of 15 percent debt - to - GDP in order to hold off a risk of credit downgrades and higher debt service costs.
PA has already experienced multiple credit downgrades in recent years and has one of the lowest credit ratings in the US.
This economic slowdown was directly responsible for triggering credit downgrades from major ratings agencies such as Moody's and Standard & Poor's.
The recent credit downgrades will be a crucial test of banks» appetite for risk and sentiment toward Saudi Arabia, analysts say.
But, Moody's also added several large oil companies to that list of possible credit downgrades, including Royal Dutch Shell (NYSE: RDS.A), Statoil (NYSE: STO), and Total (NYSE: TOT).
The world's top credit rating agency has warned U.S. state and municipal governments that they must make climate change preparations or suffer credit downgrades and pay higher interest rates to borrow.
Spain's economy contracted for the second quarter in a row and the country's banking sector suffered a widespread credit downgrade, piling further pressure on the government.
The U.S. credit downgrade and the European debt crisis have divided investors into three camps: in the first investors are selling their stocks, in the second they're hunting for safe money havens, and in the third they're holding their breath, hoping to wait out the storm.
Le Euro hasn't been looking good since the start of the month and today's credit downgrade on Greece's sovereign debt certainly didn't help.
Even the debt - ceiling fight cum credit downgrade of 2011 wasn't enough to knock it off the path of (painfully) slow progress its been on since the recession officially ended in 2009.
Independent bond research firm Gimmie Credit downgraded the debt of the giant chemical company on Tuesday, saying Peltz's pressure may end up forcing DuPont's executives to do something «materially harmful» to the company.
The electric automaker's losses extend last week's near 14 - percent decline as investigations of a fatal California crash and a Moody's credit downgrade weighed on the stock.
We remain concerned that if the U.S. continues the trend of a rising debt / GDP ratio, it increases the chances of a sovereign - debt credit downgrade by the credit ratings agencies.
Congress must agree to raise the limit on how much debt the U.S. can have by the end of February otherwise the country risks default and could be slapped with damaging credit downgrades.
Murphy's State Bank Would Help Working Families, Boost Local Economy The Garden State's numerous credit downgrades, budget shortfalls, crumbling infrastructure, chronic underfunding of critical programs and priorities are well known.
The second warning comes from leading credit ratings agency Standard & Poor's, which in a report released on Monday predicts credit downgrades and negative outlooks in the oil sector because of the potential carbon constraints driven by global climate change policies.
The market has been negatively affected by credit downgrades such as that of Camp Hill, Pa. - based Rite Aid Corp..
Republicans, concerned about being perceived as irresponsible obstructionists, are done engaging in epic battles like the one over the debt limit that precipitated Standard & Poor's credit downgrade in August 2011.
Another round of credit downgrades could set off more turmoil in the E&P space, as many companies are already scrambling to find liquidity and keep the lights on.
This brings up another question, which is, where to invest in the world now given the weak local economy, fluctuating currencies, lack of finance for investors, a possible credit downgrade and political uncertainty here in SA.
Even the U.S. credit downgrade and concerns about sequestration haven't been enough to scare away investors.
One link in the chain that has been missing, however, has been an African element, at a time when the mining industry shows signs of recovery, and South African investors are keen to invest overseas, even if the Republic itself is struggling with the fall - out from a recent credit downgrade.
Premier Kathleen Wynne defended the government's pre-election budget, which will run a $ 6.7 - billion deficit in 2018 - 2019, saying Moody's change wasn't a credit downgrade, which would effect borrowing costs for the province.
Shares of Musk's $ 50 - billion dollar venture have been reeling from a triple whammy of probes into the crash, concerns about Model 3 production and nerves over its debt load after a credit downgrade by rating agency Moody's.
Shah's move is logical: Tesla looks more like it's going to $ 200 than $ 400 at the moment, amid numerous challenges ranging from a Moody's credit downgrade to ongoing struggles with Model 3 production to another big loss for the first quarter.
While tax incentives for the whiskey industry would benefit manufacturers, the possibility that interest fluctuations or credit downgrades would hurt profitability has spirit producers worried.
A credit downgrade is no trivial matter since it raises borrowing costs.
Worries over Euro - zone debt, slow growth and a credit downgrade in the United States and signs of slowing growth in emerging markets drove the awful August sell - off and those problems remain today.
«Now, however, with even the United States suffering a credit downgrade to AA + and offering negative 200 basis point real policy rates for the privilege of investing in Treasury bills, the willingness of creditor whales — as opposed to debtors — to support the existing system may soon descend.»
Hit by a credit downgrade in September, BofA moved its riskiest derivatives from its Merrill Lynch unit to a retail subsidiary flush with insured deposits.
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.
But Standard & Poor's, the debt rating agency, warned this week it was putting Burger King on watch for a credit downgrade, saying the proposed deal «will increase consolidated debt substantially» for the new combined company «and weaken credit protection measures compared with either company currently.»
«The decision to forgo all toll revenues in the way the NDP have announced, in my view, will guarantee a credit downgrade for BC... this decision in and of itself is sufficient to lead to a credit downgrade.»
That represents foregone revenue in the amount of hundreds of millions of dollars and even worse, would immediately lead to a credit downgrade for British Columbia and that has all kinds of negative ramifications for taxpayers.»
After Puerto Rico declared a form of bankruptcy May 3, The New York Times used these words to describe the U.S. territory's fiscal woes: «borrowing to pay operating expenses, year after year»; «unable to provide its citizens effective services»; and «rising pension costs, crumbling infrastructure, departing taxpayers and credit downgrades.»
Russia has essentially been suffering the worst combination imaginable — consumer price inflation, economic contraction, capital flight, credit downgrades, international sanctions, stock market crash, currency crisis — all simultaneously.
Just a few years ago, we had $ 1.9 million in red light [traffic cameras] revenue put into the budget and that is something that very much led to our credit downgrading.»
Ed Balls MP, Labour's shadow chancellor, has said tonight's credit downgrade is a «humiliating blow» to David Cameron and George Osborne.
David Blanchflower, who is a former member of the Bank of England's monetary policy committee and a critic of the Chancellor, has labelled George Osborne a «failure» over Britain's credit downgrade:
Nearly seven years after a state oversight board took over Nassau's finances because of a multimillion - dollar budget deficit and a credit downgrade, county executive candidates Jack Martins and Laura Curran say it's time for elected officials to take control of Nassau's fiscal future.
Paying the settlement out of cash, James said, would leave $ 1.8 million in available fund balance — creating the risk a credit downgrade.
Congressional candidates Bob Turner and state Assemblyman David Weprin (D - Little Neck) lobbed attacks against each other this week, with Turner criticizing Weprin for giving himself a pay raise while on the City Council in 2006 as Weprin criticized the Tea Party, which he strongly linked to Turner, for being responsible for the country's credit downgrade.
New Jersey has seen its credit downgraded repeatedly by Fitch Ratings, Moody's Investors Service and S&P Global Ratings under Christie, mostly due to its deeply distressed $ 75 billion pension system and rapidly rising costs for health care.
Sin taxes and a loan to fund the budget; threats of a credit downgrade and higher interest payments for taxpayers