General Motors got some good news Friday: its first investment grade credit rating since going bankrupt in 2009.
General Motors ' financing arm has a buyer but not a coveted investment-grade credit rating.
Turkey received an investment-grade credit rating from Fitch Ratings last November for the first time since 1994.
The government is convinced that Brazil is on the verge of an investment-grade credit rating and economic growth of 5%.
Two ratings agencies have warned that Hungary could lose its investment-grade credit rating due to its weak growth outlook and unpredictable policy track.
Offsetting that: Earnings will disappoint for a while, and capital will remain scarce for any corporation with less than an investment-grade credit rating.
Nevertheless, in the medium term the firm will probably have to issue more long-term debt to finance itself (it hopes to gain an investment-grade credit rating this year) and raise more equity, perhaps by listing.
The Philippines, whose sovereign credit rating was upgraded to investment grade by two rating firms over the past two months, has been fighting the so-called hot-money inflows with several measures, including making it easier for locals to take money abroad and lowering a deposit rate for banks that do cross-border business.
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Harman upped its dividend from 5 cents to 30 cents to 60 cents and paid down enough of its KKR-generated debt to regain an investment grade rating from the credit agencies.
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In fact, Tractor Supply is the only non-rated tenant and the company does not carry enough debt on its balance sheet to be rated. (effectively meaning an investment grade shadow rating would result in a portfolio that is 100 percent investment grade rated credit).
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The Philippines, whose sovereign credit rating was upgraded to investment grade by two ratings firms over the past two months, has been fighting the so-called hot-money inflows with several measures, including making it easier for locals to take money abroad and lowering a deposit rate for banks that do cross-border business.
WSJ: Asian Governments Take Measures to Battle Strong Currencies
Vivendi's stated goal is to persuade the credit-rating agencies to raise its debt back up to investment grade.
Bank shares are under terrible pressure as Greece has been given a credit rating of CCC, which means no institution limited to investment grade paper can continue to hold it.
The international credit rating of South Korea has improved from "unsuitable" to "suitable" for investment grade.
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