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PG&E Gets AIG-ed: Moody's Downgrade Triggers $800MM Collateral Call, Liquidity Crisis
Article By:
Tyler Durden
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Friday, January 11, 2019 4:40 AM EDT
For PG&E, just like for AIG ten years ago, this is the beginning of the end.
Morgan Stanley Sees Revenue Headwinds For Yelp, Downgrades To Underweight
Keep Fitch's Warning In Perspective
Article By:
Marc Chandler
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Wednesday, January 9, 2019 9:27 AM EDT
The global head of Fitch's sovereign ratings warned that the continued US government shutdown could jeopardize the AAA-status the rating agency grants America. It spurred little market reaction (and for good reason).
In this article: TYX
S&P Downgrades PG&E To Junk, Launching Countdown To $800 Million Collateral Call
Article By:
Tyler Durden
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Wednesday, January 9, 2019 3:58 AM EDT
S&P became the first rating agency to take a machete to its rating for PG&E, when it downgraded the company by five notches, from BBB- to B, the fifth-highest junk rating; S&P warned that more cuts are imminent.
In this article: PCG
Wells Fargo Settles Cases Related To Shady Sales Practices
Article By:
Steve Hach
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Monday, January 7, 2019 11:05 PM EDT
You may have missed it over the holidays, but there was some big news in the Wells Fargo sales scandal. The company finally reached a settlement with all 50 states regarding its shady business practices.
In this article: WFC
'Tumultuous Times In Tobacco' Prompt Altria Downgrade
Article By:
The Fly
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Monday, January 7, 2019 7:15 PM EDT
An analyst said she is growing increasingly cautious on the outlook for combustible cigarettes in the U.S. as her model suggests industry volumes will likely fall at an 8% CAGR between 2018-2025 with price not serving as an adequate offset.