Within 24 hours its ratings were slashed four notches, to junk status, recalls Babar.
It cut the other portion of MBIA's business to "B-three, " which is junk status.
Moody's has cut Spanish sovereign debt to just a notch above junk status, on a par with Azerbaijan.
At the other end of the smartphone business, Nokia's credit rating was downgraded to junk status by Fitch.
The VP title was being handed around so freely by the 80s that it had been completely devalued to junk status.
The agency took an axe to the Portuguese sovereign rating slashing it by four notches and consigning it to junk status.
The sourpuss bond rating agencies weren't so sure and said they're reviewing Valero's BBB-credit rating and might downgrade it to junk status.
The BBB credit rating is just two notches higher than junk status.
California's bonds have been downgraded by rating agencies to leave them dangerously close to junk status because of the long-term fiscal outlook.
Fitch, a ratings agency, recently downgraded the debts of Panasonic and Sony to one notch above junk status and placed Sharp's on negative outlook.
The growing worries about the debt crisis in Greece, which saw its credit rating downgraded to junk status last week, certainly qualifies as uncertainty.
Despite its call for bank aid, Fitch Ratings still responded by downgrading two of Spain's biggest lenders to within a whisker of junk status.
Last month, fellow ratings agency Moody's also downgraded Hungary to junk status, blaming the economy's high levels of debt and weak prospects for growth.
Many of her highly leveraged companies are severely troubled and as a result her once triple-AAA bond deals have been reduced to junk status.
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The principal benefit is that it would help Clearwire reset its debt with lower interest rates and remove it from junk status bumping up against its credit limits.
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With one eye on the global rating agencies that threatened to downgrade India to junk status, P Chidambaram has ruthlessly slashed expenditure in 2012-13 to contain the fiscal deficit.
Three years later the CDOs were cut to junk status after the subprime market collapsed and it was discovered the vehicle was filled with bad and allegedly misplaced home loans.
Indeed, Vivendi's new credit terms are much tougher than they were before, which could in turn force credit ratings agencies to further downgrade its bonds, which hit junk status last week.
Greece, the first of the peripherals to implode and take bailout money, was also downgraded, sending it deeper into junk status. (Read Portuguese Parliament Rejects Austerity Plan, PM Socrates Resigns).
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The country's credit rating was slashed to near-junk status on March 29th, while ten-year bond yields have risen above 8% as investors fear Portugal will have to turn to the European Union and the IMF for loans.
Its debt rating cut to junk status.
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Although Citigroup ( C) and Bank of America ( BAC) sit now just two notches above junk status, Morgan Stanley ( MS) was relieved to see its debt rating cut two notches, not three, reports the Wall Street Journal.
One of the consultants who prepared the parking revenue forecasts for the bond issue is being sued by purchasers of another municipal bond issue for inflating potential stadium revenues in a deal that was initially highly rated but now has fallen to junk status.
Then the mayor flew to Wall Street, which he boasted he would so impress with his forceful ideas that it would upgrade Miami's bond-rating from junk status. (It listened politely but remained unmoved.) It was then that a columnist, Carl Hiaasen, advised the mayor in the Miami Herald that, while in New York, he should visit Bellevue, an insane asylum of legend.
And banks around the world hold Enron bonds, which were downgraded to "junk" status on Wednesday.
Hungary is one notch above so-called "junk" status, meaning its cost of borrowing could soar without help.
In a blow to its prestigious image, auction house Sotheby's has had its debt rating downgraded to "junk" status.
Iceland still has junk bond status in the eyes of the ratings agencies.
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