It also cut the short-term rating on Argentine debt to C, one step above default.
Fitch cut its long-term rating for Argentina by five notches to CC.
But its key short-term rating seems safe for now, an indication that the firm is in no imminent danger of the kind of credit run that brought down Bear Stearns.
The company supplies components for Apple Computer's iMac, a hot seller in the U.S. But Bernard Tan of Merrill Lynch has downgraded NatSteel's short-term rating to neutral, although he still has a long-term buy on it.
Perhaps more importantly, its main operating subsidiary retains a long-term rating that would put it in the Championship rather than League One, although the short-term rating of this subsidiary has been downgraded by a notch, which the bank regards as of some significance.
On Oct. 28 Moody's rating service tweaked the outlook to negative from stable on the A3 long-term issuer rating of Nomura Holdings because the Lehman purchase will edge up operating expenses.
Moody's (nyse: MCO - news - people ) rating service tweaked the outlook to negative from stable on the A3 long-term issuer rating of Nomura Holdings because the Lehman purchase will edge up operating expenses.
Its AA-plus long- term credit rating is better than those of Microsoft and Boeing.
More than a few observers have put a short-term Buy rating on J.
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Ratings agency Fitch downgraded Greece's long-term credit rating from B- to CCC on Thursday, citing the increased risk that Greece could be forced to leave the eurozone.
Moody's placed Sony's long-term credit rating under review for a possible downgrade, citing the yen's strength, weak demand and "structural challenges" at the onetime king of consumer electronics.
Ratings agency Fitch cut Greece's long-term credit rating from B- to CCC Thursday, only one notch above default level, reflecting worries over its ability to remain in the euro currency zone.
Extreme volatility in the financial markets, largely due to the European debt crisis, the downgrade of the U.S. long-term debt rating and persisting unemployment, is expected to drive down trading revenue figures this quarter for large banks including Bank of America, Citigroup and Goldman Sachs.
Rating company Standard and Poor's raised the country's long-term sovereign credit rating from "stable" to "positive" last week, citing optimism about the government's ability to carry out structural changes.
In Truman's case, historians place him in the "near great" category despite the fact that he suffered a second-term Gallup approval rating of just 22%.
After the markets closed Monday, Fitch Ratings downgraded AIG's long-term and short-term issuer default rating, as well as its senior unsecured debt and commercial paper program ratings.
Each loan has its own risk rating, term (either 36 or 60 months) and rate of return.
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While in the longer term, this will cut the debt and boost the company's credit rating, in the short term, shareholders could see the value of their investments plummet.
Long-term industry fundamentals seem strong, and they remain the best company in the sector, but additional near-term uncertainty merits a Hold rating.
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It is unlikely that we will raise the rating over the near term.
Netflix began the session on Wednesday with a Short Term PowerRating of three and saw its rating drop a point to a two going into the close.
"Although we believe that Volvo will profit from its global brand positioning, the short-term uncertainty leads us to downgrade our rating to 'sell, '" analyst Jose Asumendi said in a research note.
The budget was mildly expansionary in the near term, without disturbing Britain's bond rating (see article).
Minnesota Department of Transportation bridge engineer Dan Dorgan said the term "structurally deficient" is a Federal Highway Administration rating.
It has a large financial services division and has come under pressure in recent days on concerns that even it, with its triple-A credit rating, would have trouble selling short-term debt to fund those operations.
While the full impact of these increased risks will only unfold over a period of years, we will also assess the degree of near and medium term risks to determine whether to downgrade the current Aa1 rating.
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The governorship was left vacant when Republican incumbent Judy Martz, the state's first female chief executive, declined to run for re-election following a rocky term, one marred by budget problems and an approval rating that fell to near the 20 percent mark.
Other factors for the rating change included the continuing weakness in the medium-term growth outlook.
Another agency, Fitch, confirmed France's triple-A rating on Friday evening, but revised its long-term outlook to "negative" from "stable".
Merrill Lynch analyst Tom Kraemer took the proactive road, typically the one less traveled on Wall Street, and sliced his rating on the shares yesterday to an "intermediate-term neutral" from "accumulate" and lowered his revenue estimates for the third quarter, fiscal 2001 and fiscal 2002, along with his earnings estimates.
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