PTI reported that two rating agencies Standard & Poor's and Fitch have assigned negative outlook to state owned transmission utility Power Grid Corporation in line with the sovereign credit rating outlook of the country. S&P said that ...
Tags: Rating Agencies, PGCIL, Fitch Ratings
International credit ratings agency Fitch Ratings has announced that it has downgraded Luxembourg-based steel giant ArcelorMittal's credit rating to BB+, below investment grade. The rating agency stated that the downgrade reflects the ...
Tags: Fitch Ratings, ArcelorMittal, steel, steel market
Fitch Ratings has affirmed ThyssenKrupp AG's Long-term Issuer Default Rating and senior unsecured rating at 'BBB-'. The Outlook is Negative. The Short-term IDR has been affirmed at F3. The affirmation reflects Fitch's view that TK will be ...
Tags: Fitch Ratings, AG, Steel, affirmation
Analysts see LED market hitting peak within three years 18 Dec 2012 Long-lived nature of solid-state lighting technology means LED lamp sales could be flat from 2015 onwards. Osram's "Parathom Classic" While Philips reports surging ...
Tags: Led Market, Lights, Lighting
S&P released the following statement Overview We expect lower prices in the European stainless steel industry to push Luxembourg-based stainless steel producer Aperam's 2012 EBITDA well below our previous projections. Even ...
Tags: rating action, S&P, stainless steel industry, Aperam
Fitch Ratings has downgraded Japan based Nippon Steel & Sumitomo Metal Corporation's Long Term Foreign and Local Currency Issuer Default Ratings and senior unsecured rating to 'BBB' from 'BBB+'. A Negative Outlook has been assigned. The ...
Fitch Ratings has downgraded South Korea-based steel producer POSCO's Long-Term Issuer Default Rating or IDR and senior unsecured rating to 'BBB+' from 'A-', with a negative outlook beimg assigned. Further, the agency has affirmed POSCO's ...
Tags: Fitch Ratings, POSCO, IDR, Long-Term Issuer Default Rating
The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity for the $628 billion equipment finance sector, showed overall new business volume for October was $7.6 ...
Tags: Equipment Leasing and Finance Association, ELFA, finance sector
Plexus Cotton Limited reported that New York (NY) futures came under light pressure this week, as December dropped 138 points to close at 70.71 cents. The market is a bit of an enigma at the moment, because there seems to be a disconnect ...
Tags: Plexus Cotton, light pressure, perception and reality, negative outlook
PC maker Dell has warned that it expects third-quarter revenue to be down between 2%and 5%on second-quarter levels because of the"uncertain economic environment". Dell also blamed"competitive dynamics"and"soft consumer business"for its ...
Tags: Dell, PC, enterprise solutions