Highlights
A collection of news and information related to Ratings published by Tribune Company sources.
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S&P lowers Sears credit rating
Tribune staff reporterStandard & Poor's Ratings Services on Thursday lowered its corporate credit rating for retailer Sears Holdings Corp. to "BB minus" from "BB," citing the "continued deterioration" in the company's operating performance, as evidenced in the third-quarter...Tags: Hoffman Estates, Credit and Debt, Credit Ratings, New York
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Toyota credit rating cut for the first time in a decade
BusinessWeek.comIt's not then end of the world, but Fitch Ratings decision today to cut Toyota's AAA credit rating back to AA is yet more bad news for Japan's number one carmaker. The downgrade, Toyota's first in a decade, leaves only five companies in the world with... -
IN BRIEF
The Securities and Exchange Commission yesterday delayed a plan to adopt new rules aimed at stemming conflicts of interest in Wall Street's credit rating industry. The commissioners decided to take up the new rules at the same time as other proposals that...Tags: Securities, New York Mercantile Exchange, Credit Ratings, Interior Policy, Yahoo! Inc.
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How can sellers avoid $40,000 loss, tarnished credit?
QMy son and his wife own a house. Just before the housing market downturn, they moved 1,000 miles away to pursue a career opportunity. Since then they haven't been able to rent the house, and if they sold it, they would lose $30,000 to $40,000. Their...Tags: Rentals, Michigan, Credit and Debt, Florida, Credit Ratings
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More layoffs at youth facility
Of The Morning CallKidsPeace is laying off 37 area employees mostly at its North Whitehall headquarters, blaming the weakened economy and slowing referrals to the charity. The layoffs are concentrated in administrative and support positions, such as marketing and human...Tags: Employees, Sexual Assault, Credit Ratings, Allentown, State Budgets
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2009 Huntington Town budgets include 3.49% tax hike
deborah.morris@newsday.comThe Huntington Town Board has unanimously adopted its 2009 operating and capital budgets that includes a 3.49 percent tax increase. The increase - $26.47 for the average homeowner - is for three major town funds: general, part-town and refuse. The...Tags: Credit and Debt, Credit Ratings, Public Finance, Budgets and Budgeting, State Budgets
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Certain stocks will benefit by who gets elected
Who will do well post-Election Day? Are you convinced that Barack Obama is a shoo-in on Tuesday? Maybe you believe John McCain will pull it out after all the ballots are counted. You may want to put your money where your vote is. Although everyone...Tags: Barack Obama, SunPower Corporation, General Motors Corp., John McCain, Automotive Equipment
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S&P lowers Tribune Co. debt rating further into "junk" territory
Dow Jones News ServiceStandard & Poor's cut its credit ratings on the Tribune Co. and its Times Mirror Co. subsidiary further into junk territory on concerns that the credit crisis could hurt the media company's ability to sell assets to repay debt. Tribune, owner of eight...Tags: Sales, Baseball, Major League Baseball, Credit Ratings, Television Industry
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NRG rejects Exelon merger offer
Tribune reporterNRG Energy Inc. rejected Sunday a $6.1 billion unsolicited takeover offer from Exelon Corp., putting a roadblock in plans by the Chicago-based parent of Commonwealth Edison to become the nation's largest power generation company. Exelon made an...Tags: Credit Ratings, NRG Energy Incorporated, Restructuring and Recapitalization, Mergers, Acquisitions and Takeovers, Nuclear Power
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The Dow plunges more than 500 points as earnings rattle investors
Any hope that improvements in global credit markets would provide lasting relief to Wall Street is quickly fading.
On Wednesday, the Dow Jones industrial average plummeted more than 500 points after a rash of negative earnings reports spooked stock...Tags: E-Commerce Industry, Merck & Company Incorporated, Commodity Markets, Financial Markets, Credit Ratings
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Credit firms admit role in market risk
Associated PressExecutives and employees at the major credit ratings agencies were often aware of problems in the AAA grades awarded to thousands of mortgage-related securities whose downgrades helped plunge the nation into a financial meltdown. At the same time,...Tags: Securities, Employees, California, Derivative Securities, Credit Ratings
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General Growth rating further downgraded
Dow Jones News ServiceStandard & Poor's cut its credit rating on Chicago-based General Growth Properties Inc. further into junk territory on concerns about the mall operator's significant near-term debt maturities amid severely constrained capital markets. General Growth...Tags: General Growth Properties Incorporated, Credit and Debt, Credit Ratings
Dec 4, 2008
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Nov 20, 2008
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Nov 21, 2008
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Nov 14, 2008
|Story| Allentown Morning Call
Nov 7, 2008
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Nov 2, 2008
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Nov 11, 2008
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Nov 10, 2008
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Oct 23, 2008
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Oct 23, 2008
|Story| Baltimore Sun
Sep 27, 2008
|Story| Chicago Tribune
