Sentences with phrase «into junk territory»

NEW YORK, Nov 7 (Reuters)- Moody's Investors Service on Friday cut its ratings on MBIA Inc's (MBI.N) insurance arm and also sent ratings on the holding company's debt into junk territory, citing diminished business prospects and a weaker financial profile.

In an unexpected move, Standard & Poor's cut its sovereign debt rating on Turkey further into junk territory on May 1, citing widening concern about the outlook for inflation amid a sell - off in the Turkish lira currency.

Last month, S&P Global lowered the firm's group credit profile from b to ccc + — deep into junk territory.

At its peak, Teck had more than $ 7 billion in debt outstanding, which caused its leverage ratio to rise, resulting in the company not only losing its investment - grade credit rating but getting downgraded deep into junk territory.

Moody's Investor Service downgraded Tesla's debt into junk territory back in March, warning at the time that Tesla didn't have cash to cover $ 3.7 billion for normal operations, capital expenses and debt that come due early next year.

Moody's Investors Service cut its grade further into junk territory Tuesday, keeping a negative outlook.

Not exact matches

«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.