The financial conditions of the United States and Canada will be clouded for 2023 due to a "mild recession, stubborn inflation, and tighter financial conditions," Fitch Ratings said Friday.
In its latest report on the region, Fitch Ratings downgraded its forecast for US growth to just 0.2% in 2023. For its...
The planned distribution of 20 billion Swiss francs to shareholders in the next three years prompted Fitch Ratings to lower Nestle SA's long-term and senior unsecured grade to A+ from AA-. The outlook was determined to be stable. The agency revealed on Tuesday that it sees net leverage adjusted...
Investors in Uber Technologies Inc. may be in for a pleasant surprise when it reports results for the third quarter, Citigroup's Itay Michaeli wrote in a research note sent on Monday and upgraded the company to buy from neutral. The analyst left the price target at $45 per share compared to $29.67...
Thomas Cook Group Plc was downgraded on Tuesday by Fitch Ratings, which interpreted the announcement of compulsory liquidation together with a number of affiliates as a default on debt outstanding. The long-term grade was therefore lowered to D from C.
The senior unsecured rating and that...
Once one of the most financially unstable members of the Eurozone, Spain is seen continuing to top the bloc's average economic growth through 2022, S&P Global Ratings said on Friday. The credit appraiser praised the country's balances and lifted its long-term grade in euros and foreign currencies to...
Beyond Meat Inc. advanced almost 9.5% on Tuesday after analysts at JPMorgan Chase said it is "appealing once again." The investment bank improved its view to overweight from neutral and moved the price target by just $1 to $189 per share.
Before today, the maker of substitutes for meat products...
Fitch Ratings reiterated on Friday that Italy's future government is seen "wary of fully disengaging from" processes in the European Union and that the "moderate fiscal loosening" expected for next year and "a small worsening of the structural deficit" may renew the disputes with the European...
United Parcel Service Inc.'s metrics are about to be impacted, S&P Global said on Friday and revealed that the cargo and delivery giant's long-term and senior unsecured debt ratings were lowered to A from A+. "Increased pension liabilities, particularly those related to benefits the company may be...
IPTV and satellite television provider Dish Network Corp. was placed under review with negative implications by Moody's Investors Service. The report published on Monday revealed the potential downgrade affects the Ba3 corporate family and senior unsecured rating and the Ba2-PD grade for the...
The announced all-stock divestment of the off-patent Upjohn portfolio is set to bring $12 billion to Pfizer Inc. in debt planned to be raised by the new company, S&P Global Ratings said on Monday and revealed it slashed the pharmaceutical giant to AA- from AA. The company is still under review with...
This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.
