Exact(35)
As William May of Fitch Ratings, another rating agency, points out, companies hoping for a prepayment option on any new borrowing in order to refinance their loans at a cheaper rate, will almost certainly have to pay their lenders a premium for doing so.
Another rating agency, Fitch Ratings, which said in August that it expected to take negative action regarding the U.S. debt if the committee failed to reach a consensus, said Monday it expects to complete its review by the end of the month.
Moody's, another rating agency, says that market-implied ratings, such as those provided by CDS spreads, tally loosely with credit ratings 80% of the time.
The downgrade, affecting $4.7 billion of debt, came two weeks after the retailer, the No. 2 discount chain, reported a $224 million third-quarter net loss, and another rating agency, Standard & Poor's, downgraded its own junk ratings on Kmart.
(Heffner had been lobbying Valenti for another rating for years).
The firm is under threat of yet another rating downgrade.
Similar(23)
First, another rate rise remains quite likely.
So why is another rate cut in the offing?
Another rate rise would probably seal Mr Howard's fate.
Radio companies pay yet another rate for their Web streams.
And the federal interest-rate regulators are already talking about another rate cut.
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