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Tag: downgrades
S&P Downgrades Top US Oil Producers Exxon Mobil, Chevron, ConocoPhillips
2021-02-12 22:00:00| OGI
While companies including Exxon Mobil, Chevron and ConocoPhillips have announced steps to tackle climate change, S&P said it does not see those providing material credit differentiation.
Moody's downgrades Dish rating on doubts over mobile plans
2020-06-29 08:43:00| Telecompaper Headlines
(Telecompaper) Moody's Investors Service has downgraded Dish Networks ratings, saying the company will need a lot more capital to finance its planned 5G IoT network. The agency reduced its rating on Dish bonds to a step below investment grade, to Ba3, from B1. It cited concerns about the height of the investment needed, noting Dish's declining revenues amid the need for more capital to refinance and repay debt. Those concerns will continue until the company secures an equity investment or partners. "We also believe risk is rising due to the continuing secular decline of DBS's pay-TV subscriber base," the rating agency said.
Tags: rating
mobile
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dish
Moodys Downgrades EQT Rating Following Rice Takeover
2019-07-11 22:25:25| OGI
Moodys changed the rating outlook for EQT to negative from stable citing weak gas prices and the successful proxy campaign against the shale gas giant led by Rice brothers, Toby and Derek.
Tags: rating
rice
takeover
downgrades
In Double Whammy, Fitch Downgrades Mexico, Moody's Lowers Outlook
2019-06-06 03:34:26| OGI
In a double blow for Mexico, credit ratings agency Fitch downgraded the nation's sovereign debt rating on June 5, citing risks posed by heavily indebted oil company Pemex and trade tensions, while Moody's lowered its outlook to negative.
Tags: double
mexico
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fitch
IDC downgrades smartphone forecast, sees 2nd year of market contraction
2018-05-30 14:52:00| Telecompaper Headlines
(Telecompaper) IDC has downgraded its forecast for the global smartphone market in 2018, due mainly to continued weak sales in China. In February, the market researcher said it expected the market to recover to low single-digit growth this year, after a 0.3 percent fall in 2017, the first drop ever in the smartphone market. However, its latest forecast predicts unit shipments will contract again in 2018, down an estimated 0.2 percent to 1.462 billion units. Growth should return in 2019, at around 3 percent, and continue at a CAGR of 2.5 percent to reach 1.654 billion units in 2022.