Credit Rating

Tesla bonds get 'junk' rating from S&P

May 29, 2014 06:01 CET
Tesla's bonds were assigned a B- rating, or “junk” status from bond raters at Standard & Poor's. Companies are given junk-bond ratings when Wall Street determines there is an increased possibility of default....
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Tesla bonds assigned 'junk' status by S&P

5:06 pm U.S. ET | May 27, 2014
Tesla received a far less rousing recommendation from bond raters at Standard & Poor's Corp. -- which assigned the electric-vehicle maker a B- rating, or “junk” status....
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European suppliers' prospects helped by region's recovery, Moody's says

March 26, 2014 11:49 CET
European suppliers' prospects should be boosted by a recovery in domestic demand for new cars, coupled with continued emerging market growth, Moody's credit rating agency said....
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Ford wants to expand credit lines to $12 billion, report says

2:04 pm U.S. ET | Feb. 26, 2014
Ford is seeking to expand its credit lines by $1.3 billion to $12 billion. The company is planning to raise a $9 billion revolving loan that expires in five years and a $3 billion financing pact that lapses in three years....
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Fiat rating cut by Moody's on earnings worry, outlook

Feb. 11, 2014 22:29 CET
Moody's cut Fiat's rating, citing weak 2013 results and challenges it sees for the Italian carmaker in achieving its guidance this year, given eroding profitability in its Latin American market....
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Fiat rating cut by Moody's on earnings worry, outlook

4:29 pm U.S. ET | Feb. 11, 2014
Moody's cut Fiat's rating to 'B1' from 'Ba3' on Tuesday, citing weak 2013 results and challenges it sees for the Italian carmaker in achieving its guidance this year, given eroding profitability in its Latin American market....
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S&P ups Chrysler rating to match Fiat on VEBA deal

5:07 pm U.S. ET | Jan. 10, 2014
Ratings agency Standard & Poor’s Financial Services has raised its rating of Chrysler Group one notch to BB- to match that of its corporate parent, Fiat....
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Chrysler deal prompts Moody's to consider Fiat for rating downgrade

6:33 am U.S. ET | Jan. 8, 2014
Fiat may have its Ba3 rating downgraded by Moody's after the agency said it had placed the carmaker under review following its move to take full control of Chrysler Group....
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Fiat considered for Moody's downgrade on Chrysler deal

Jan. 8, 2014 12:33 CET
Fiat may have its Ba3 rating downgraded by Moody's after the agency said it had placed the carmaker under review following its move to take full control of Chrysler Group....
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Frothy subprime borrowing drives U.S. sales, raises alarms

1:27 pm U.S. ET | Nov. 8, 2013
As the fifth anniversary of the Federal Reserve's policy of keeping interest rates near zero approaches, the market for subprime borrowing is once again becoming frothy, this time in the car industry. As with mortgages in 2006 and 2007, the central bank's stimulus is making it easier for U.S. consumers with spotty credit to buy cars as yield-starved investors purchase riskier bonds linked to auto loans....
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Tesla stock gets 'sell' rating from Standard & Poor's

11:48 am U.S. ET | Oct. 16, 2013
Standard & Poor's initiated coverage of Tesla Motors with a "sell" rating, citing caution over the electric carmaker's stock price....
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Subprime auto loans grow as credit standards ease, competition grows

3:11 pm U.S. ET | Sept. 17, 2013
Subprime auto lenders are enabling buyers to borrow more relative to the cost of a car in a sign that underwriting standards are deteriorating amid increased competition, according to Standard & Poor's....
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GM outlook raised to positive by S&P; Ford gets investment grade rating

11:48 am U.S. ET | Sept. 6, 2013
GM's outlook was revised to positive from stable today by Standard & Poor's Ratings Services, which also raised Ford to investment grade as Detroit automakers reap profits not seen since the turn of the century. The revised outlook on GM is a sign the ratings company will probably boost the largest U.S. automaker to investment grade....
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Auto finance growth outlook sparks confidence

5:09 pm U.S. ET | Aug. 21, 2013
The outlook for auto finance growth is encouraging, the latest TransUnion report on auto loan volume and delinquencies shows....
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Low loan losses buoy subprime

12:01 am U.S. ET | Aug. 19, 2013
Even as subprime lending has picked up, resulting in more vehicle sales to credit-challenged customers, delinquencies and repossessions have fallen to record lows, data from Experian Automotive show....
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