Sentences with phrase «junk status»

The town's credit rating now is one step above junk status.

We have seen our bond rating increase from near junk status to «A» category ratings.

At junk status during the company's dark days, the firm's debt is now just one notch below investment grade.

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

Talk of a move to re-establish state fiscal oversight of the city's schools has circulated since the summer and comes as bond ratings agencies have dropped CPS» debt deeper into junk status in advance of district plans to add more than $ 850 million to its overall debt load.

As default rates on junk - rated debt is above nine percent, companies with junk status face an average interest rate that is a whopping ten percent points above Treasuries — these days, that translates into roughly 12 percent for a five - year loan.

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

But, as can be seen from Figure 1, that's almost exactly how the market played out, with the Rand initially weakening to 14.15 in anticipation of Junk Status announcement, and then reversing sharply on the news, against all mainstream expectations!

As default rates on junk - rated debt is above nine percent, companies with junk status face an average interest rate that is a whopping ten percent points above Treasuries — these days, that translates into roughly 12 percent for a five - year loan.

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.

Despite being one of the wealthiest communities in the state, Oyster Bay saw its bond rating reduced to junk status in April amid swelling pension costs and persistent operating deficits.

Moreover, many junk bonds that have rallied will tumble again, and a number of today's investment - grade issues will be downgraded to junk status if the economy doesn't begin to recover soon.

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.

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.

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.

Moody's lowered Greece's credit rating to junk status on June 1 (to Caa1, down from B1, which was already pretty low), estimating a 50/50 likelihood of default.

Darling, where did YOU get your info that LFTB is «antibiotic resistant laden feces from hundreds of different animals off a ground product made from fatty trim by dousing it in ammonia it has entered junk status»?

If Rockland reaches junk status, there are fears a state board will take over the county to get its finances in order.

Moody's Rating Agency recently had downgraded Rockland's debt to just about junk status.

Eurozone Spain Grazing Junk Status Fuels Contagion Risk Life is tough near the tipping point; EZone unstable by design $ $ Jun 16, 2012 A Conversation on Europe's Political Economy with...

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

Fitch now rates Japanese debt as an A, which is five full notches below the top AAA rating... and just a few notches short of actual non-investment-grade junk status.

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.

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

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

The European emissions trading system is «below junk status,» according to The Economist, and the collapse has been felt as far away as Australia, whose political leaders prepare to reap the whirlwind of carbon taxes that are now 5.5 times higher than in Europe.

Civic Federation President Laurence Msall said the state's credit rating has become «a national embarrassment» as a result, plunging to nearly junk status over the last several years.

The axe fell on Brazil heading into 2016 as it suffered a downgrade to junk status by Fitch Ratings, heightening the air of crisis as the beleaguered nation grapples with political turmoil and recession.

Once companies slip into junk status, they are in dire straits.

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

The 2016 budget is currently $ 4 billion out - of - balance, the state's credit rating has fallen to within four notches of junk status, and the state's pension shortfall has reached an all - time high of $ 111 billion.

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.

Municipal and sovereign debt issuers may also see their investment - grade bonds downgraded to junk status due to a combination of stagnant or declining tax revenues and increasing levels of debt.

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

On Friday, Moody's Investor Service cut the country's long - term debt rating to Baa2, only two grades above junk status, with a negative outlook.

«It's on the way» to junk status, said Carlos Gribel, the head of fixed income at private investment bank Andbanc Brokerage in Miami, adding the bonds still have room to fall before becoming attractive to investors with an appetite for risk.

Investors holding Detroit's bonds have already taken a hit as the steady erosion of the city's finances has slashed the city's credit rating to junk status.

Its market share is shrinking, the company lowered its earnings guidance last week, and investors are treating its bonds as though they had junk status.

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

S OUTH AFRICA MOVES CLOSER TO JUNK STATUS WITH DOWNGRADE By Antonio Guerrero South Africa's weakened economy pushed it closer into junk territory, as Fitch Ratings further downgraded its sovereign rating in January.

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

There is a threat to its Sovereign Bond rating be cut to junk status by global rating agencies as Brazil faces a tough fiscal imbalance.

Standard & Poor's on Jan. 25 cut Illinois» bond ratings one notch to A-minus, four notches above junk status.

The rating is still four grades above speculative or junk status.

He transformed the City's bond rating from near - junk status to an «A» rating by Moody's and Standard & Poors.

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.

Standard and Poor's joined Moody's Investors Service in dropping Rockland County's credit rating level on Friday, June 29, putting the county at just above junk status.

Town Supervisor Joseph Saladino faces several challenges, including credit ratings at or just above junk status, multimillion - dollar accumulated debt, a 2017 budget that includes an 11.5 percent tax levy increase to help restore the town's financial footing, and an investigation by the Securities and Exchange Commission.