Sentences with phrase «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.

Cash fell from $ 1.5 billion to $ 930 million, and Standard & Poor's cut the company's debt rating to CCC +, deep in junk territory, based on concerns about Penney's liquidity.

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

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.

Neiman Marcus's credit rating was cut deeper into junk territory last month by S&P Global Ratings, which said the retailer's debt was unsustainable.

The optimal outcome is that you get paid principal & interest to the stated maturity from this bond that is deep in junk territory, CCC + / Caa1 - rated, where the proceeds of the deal don't increase the value of the firm, but are paid as a dividend to the equity holders.

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.

Sentiment toward Turkish assets had already been hit this week, after Standard & Poor's cut Turkey's sovereign rating further into junk territory and a survey showed manufacturing contracted last month.

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.

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

J. Crew, Claire's Stores Inc., Gymboree Corp., Rue21 Inc., and True Religion Apparel Inc., the five most troubled companies on S&P's list of retailers on negative outlook, all fit that profile with credit ratings deep in junk territory.