Sentences with phrase «junk status as»

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

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.

Not exact matches

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.

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.

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.

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.

I think the change I was suggesting (eliminating junk food in favor of fruits and vegetables for snacks) was viewed as conflicting with the status quo.

«I don't want to alarm anyone, but I think it's safe to say that we should see this as a $ 3 billion budget deficit... The state of California has had to pass out IOUs, which has reduced their credit rating to Triple - B, which is one status above junk bond.

Both Fulton and Fishkill have near junk bond status, the board members said, as well as a low «fund balance» of cash to help them bridge potential budget gaps.

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.

As a quirky tip of the hat to junk food cinema, it would go on to a similar cult status as the films it pays homage tAs a quirky tip of the hat to junk food cinema, it would go on to a similar cult status as the films it pays homage tas the films it pays homage to.

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.

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.

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.

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.

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.

«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.

We anticipate seeing more of this as a result of our junk status.

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.

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!