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Eleven nonprofit hospitals saw their credit downgraded during the first three months of 2012, which makes it harder for them to obtain financing from lenders, Moody's says.
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Unfortunately, a handful of the specs have been downgraded during the trip to the land of the keyboarded.
"That supports S.& P.'s contention behind why they downgraded us in the first place and perhaps justifies in their minds an additional downgrade.
In February all were downgraded for the second time in less than two years by Moody's.
Despite its formal role being downgraded during these changes, the unit continued to develop its distinctive capabilities.
It was on this basis that the college's credit rating was downgraded during this period of institutional transition.
Analyst Adrian Murray said: Our negative stance on Cookson shares reflects a view that the group will find it increasingly difficult to achieve consensus expectations for 2011, and that downgrades to these forecasts are likely during the first half of 2011.
There were 19 downgrades of commercial-paper issuers during the first nine months of 2000; so far in the fourth quarter there have been 20.Things are worse still in the high-yield ("junk") bond market.
didn't apply a steeper downgrade in the first place.
In the second quarter, says Moody's, a rating agency, upgrades exceeded downgrades for the first time in four years.
But Merrill's downgrade is the first by a Blackstone underwriter.
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CEO of Professional Science Editing for Scientists @ prosciediting.com