Amid an epic corporate borrowing spree, ratings firms have given leeway to big borrowers such as Kraft Heinz and Campbell Soup, allowing their balance sheets to swell
In August, bond-ratings firms Moody’s Corp. and S&P Global Inc. predicted that Newell Brands Inc. would soon reduce its heavy debt load, allowing it to keep its coveted investment-grade bond rating.
They made the same prediction in 2018. And in 2017. And in 2016. And in 2015, when the company announced a big merger that quadrupled its debt. Yet bond ratings for the maker of Rubbermaid containers and Sharpie markers haven’t budged.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Strictly's AJ Pritchard and Saffron Barker reveal how they've formed such a close bondAJ Pritchard and Saffron Barker have opened up about their close relationship - find out what hey had to say
Lire la suite »
One-time bond king Bill Gross is back, and now he's picking stocksGross offered a buffet of investing choices: real estate trust Annaly Capital, investment manager Invesco and specialty pharma firm Allergan to name three.
Lire la suite »
How Royalty Has Changed Kate Middleton's Bond With Her SiblingsWith another Middleton wedding in the works, a look at what has happened to the Duchess of Cambridge's bond with her siblings through the years
Lire la suite »
China's indebted HNA group names chairman's son as president: CaixinChina's indebted HNA Group has appointed its chairman's son as preside...
Lire la suite »
Real estate mogul Barry Sternlicht: WeWork went 'off the rails' but it's still a 'real company''It was built for hyper growth and that is too capital intensive,' says the Starwood Capital founder.
Lire la suite »
Cartel gunmen terrorize Mexican city, free El Chapo's sonHeavily armed fighters free one of drug lord Joaquin 'El Chapo' Guzman's sons from security forces, after his capture triggered gun battles and a prison break. More here
Lire la suite »