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Retail Analyst Doesn't Understand The Best Buy Sell-Off
Tuesday, August 28, 2018 - 1:25pm | 457Read More...Best Buy Co Inc (NYSE: BBY) reported Tuesday its second-quarter results, which prompted an immediate sell-off in the stock. The Analyst Moody's Charles O'Shea talked Best Buy on CNBC's "Squawk Box" segment Tuesday morning. The Thesis Best Buy is among the top performing...
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Moody's Gets Pumped About Planet Fitness, Upgrades Outlook
Thursday, August 31, 2017 - 9:35am | 348Read More...Moody's Investors Services, the notable credit rating agency, boosted their ratings outlook on Planet Fitness Inc (NYSE: PLNT)'s debt due to the company's strong operating performance and an improving financial profile. Moody's upgraded Planet Fitness' debt rating from Stable to Positive while...
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China Hit With First Credit Downgrade In Decades
Wednesday, May 24, 2017 - 11:24am | 383Read More...For the first time since 1989, a major debt rating agency downgraded their outlook on China. Moody's Investors Service slashed its rating on Chinese debt from Aa3 to A1 due to the possibility of a "material rise" in economy-wide debt. The agency also cited a potential negative impact...
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Standard & Poor's Becomes First Credit Rating Agency to be Sued by DOJ
Tuesday, February 5, 2013 - 8:35am | 480Read More...The U.S. Department of Justice intends to bring civil charges against McGraw-Hill (NYSE: MHP) subsidiary, Standard & Poor’s for wrongdoing in its ratings of mortgage bonds prior to the 2008 financial crisis. The action, reported by CNBC, would be the first by a federal agency against a...
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Scapegoat Sharma: Resignation Leading to a Downward Spiral
Wednesday, August 24, 2011 - 12:09pm | 503Read More...First, Standard and Poor's downgrades the U.S. debt. Next, Deven Sharma (S&P's president) announces that he has resigned. Now McGraw-Hill (NYSE: MHP), which owns Standard & Poor's, has roused proposals of splitting up the company. Is this restructuring a result of poor decisions by McGraw...
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Verizon: No Wires, Employees, or iPhone 5?
Wednesday, August 10, 2011 - 5:14pm | 656Read More...With news of a $10 billion dividend, the release of the Apple (NASDAQ: AAPL) iPhone 5 in the near future, and a growing 4G LTE network, what is holding Verizon Communications (NYSE: VZ) back? Verizon has been pressing on the throttle with its wireless services at the cost of decreasing revenue in...
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Moody's Sees 'Small but Rising Risk' of U.S. Short-term Debt Default
Friday, June 3, 2011 - 6:10am | 292Read More...Noting that "if there is no progress on increasing the statutory debt limit in coming weeks," Moody's Investors Service "expects to place the U.S. government's rating under review for possible downgrade due to the very small but rising risk of a short-lived default." The investors service rang the...
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J.P. Morgan's Credit Loan to AT&T Seen as Negative by Moody's (JPM, ATT)
Tuesday, March 29, 2011 - 6:33am | 162Read More...J.P. Morgan Chase's (NYSE: JPM) decision to be the sole underwriter on a $20 billion loan to AT&T (NYSE: ATT) is a "credit negative," according to Moody's Investors Service. AT&T recently acquired T-Mobile for more than $35 billion. J.P. Morgan is the only bank to provide an unsecured $20...
