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credit rating News
Credit rating ''fallen angel'' danger at record high — S&P Global
Sat, May 16, 2020
The number of companies or countries at risk of seeing their credit ratings cut to junk from investment grade has been pushed to a record high of 111 by the coronavirus pandemic, S&P Global analysis shows.
Reckitt Benckiser to buy Mead Johnson Nutrition for $16.6 billion
Fri, Feb 10, 2017
Reckitt Benckiser has agreed to buy US baby formula maker Mead Johnson Nutrition for $16.6 billion which will help the company to increase its presence in developing markets
Care Ratings downgrades Tata Steel credit rating by one notch
Thu, Jan 19, 2017
Care Ratings has downgraded rating of Tata Steel on account of the uncertainities relating to the disposal and restructuring of Tata Steel's UK business.
Writedown fears wipe $5 billion off Toshiba's value as it weighs options
Wed, Dec 28, 2016
A looming writedown at Japanese conglomerate Toshiba Corporation has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday, as the company grapples to plug a potential multi-billion dollar hole.
How India lobbied Moody's for ratings upgrade, but failed
Fri, Dec 23, 2016
Since storming to power in 2014, Modi has unveiled measures to boost investment, cool inflation and narrow the fiscal and current account deficits, but his policies have not been rewarded with a ratings upgrade from any of the "big three" global ratings agencies, who say more is needed.
Australia's budget drips with red ink, top credit rating at risk
Mon, Dec 19, 2016
Australia`s conservative government on Monday forecast a Australian dollar 10 billion deterioration in its budget deficit over the next four years but still hoped to snatch a surplus by 2021 and forestall a damaging downgrade of its top credit rating.