July 9, 2002 |
The Academy of Motion Picture Arts and Sciences, purveyor of the Academy Awards, received an investment-grade rating from Moody's Investors Service for a $35-million bond issue expected July 25. Proceeds from the tax-exempt bonds will fund renovation of a Hollywood building that will house the Academy's film archive, officials said. Moody's assigned an Aa3 rating for the Academy's variable-rate debt, which will be backed by revenue from the awards show.
December 22, 1995 |
Kmart Bond Rating Lowered: Moody's Investors Service downgraded Kmart's bond from Baa-2 to Baa-3, its lowest investment grade. Ratings under Baa-3 are below investment grade and are considered speculative. Moody's said it lowered the rating because lackluster retail sales nationwide are hindering Kmart's recovery efforts.
April 17, 2003
* Tenet Healthcare Corp. may have its debt ratings cut below investment grade by Moody's Investors Service. * U.S. media billionaire Haim Saban's plan to buy KirchMedia's stake in Germany's largest commercial broadcaster has hit a snag because KirchMedia's creditor banks are refusing to accept some terms of the deal.
May 22, 2012 |
Moody's Investors Service raised the credit rating for Ford Motor Co. to an investment grade Tuesday, giving its seal of approval to a corporate turnaround of the business that started with heavy borrowing at the end of 2006. The move returns control of the automaker's famous “Blue Oval” logo back to Ford. The iconic logo, with the Ford name written in distinctive script, was first seen on a Model A in 1928 and was pledged as collateral to obtain the loans. Moody's raised its assessment of the creditworthiness of Ford's automotive operations to Baa3, up from Ba2. Ford Motor Credit Co., the automaker's finance arm, now has a rating of Baa3, up from Ba1. The investment rating is an important measure of corporate health and will reduce the automaker's borrowing expenses.
August 17, 1995 |
Salomon Inc. Credit Downgraded: A major credit-rating agency lowered its opinion of the Wall Street firm, citing a big quarterly loss and problems in retaining top investment staff. Standard & Poor's Ratings Group downgraded $15 billion in long-term Salomon debt to a low investment grade and cut the investment firm's preferred stock to "junk" status. But the parent of Salomon Bros. Inc.