Bond Ratings Firms Go Easy on Some Heavily Indebted Companies

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.

Makes it easy. How many firms borrow heavily and then bankrupt?

All they do is penalize the developing countries for the smallest transgressions and give a pass to the world powers, nothing new here.

Ratings firms should be smarter than that. Many people avoid Kraft Heinz and Campbell Soup purchases because they don’t identify with their activism.

Assumption college appears during the happy hour as well

Cause it’s a rigged system

The whole system is a giant scam and it’s been your job to expose that instead you hid it and only exposed those you are paid too!

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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. Didn't he pick Dow 5000 too? Time to retire Our mission at is to build the social news network that ends fake news. Check out our video on our profile it’s over 700k views!
Source: CNBC - 🏆 12. / 72 Read more »

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.
Source: CNBC - 🏆 12. / 72 Read more »