Moody&#39;s lowers Bombardier credit rating
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TORONTO -- The debt of Bombardier Inc., which makes aircraft and trains, was downgraded Thursday by Moody&#39;s Investors Service to below investment grade.
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Goldman Sachs Group Inc.  subprime mortgage bonds issued last year are being downgraded by rating companies at the fastest rate of any issuer, according to Citigroup Inc. research dated June 22.
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NEW YORK -- Standard &amp; Poor's Ratings Services said yesterday it cut its credit rating on medical device maker Boston Scientific Corp., saying weaker-than-expected sales have placed pressure on the sizable debt the company took on to buy Guidant Corp. this year.
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Bombardier Inc., the world&#39;s top maker of train equipment, ousted Chief Executive Officer Paul Tellier after the company&#39;s market value dropped by two-thirds since he was hired two years
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Fitch Ratings on Monday said it may downgrade the foreign and local currency debt ratings for Mexico&#39;s Cemex (CEMEXCPO.MX: Quote, Profile, Research) , citing the cement maker&#39;s plans to buy Britain&#39;s RMC Group for 2.3 billion
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Bombardier Inc. (BBDb.TO: Quote, Profile, Research) and DaimlerChrysler AG (DCXGn.DE: Quote, Profile, Research) ended a three-year dispute over the Montreal company&#39;s acquisition of train
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MOODY&#39;S Investors Service said it had placed on review for possible downgrade the foreign currency long-term deposit ratings of 11 banks.
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ZURICH/LONDON  - Moody's Investors Service cut its ratings on Citigroup Inc  debt by a notch, the latest embarrassment for the largest U.S. bank, and putting it under renewed pressure to shore up its shrinking capital base.
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Shares in train and plane-making giant Bombardier have fallen to a 10-year low following the departure of its chief executive and two members of the board.
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MONTREAL -- Bombardier Inc. shares fell to a historic low yesterday, the day after a New York bond rating agency cut the company&#39;s debt rating to junk status, the latest bad news for the struggling transportation equipment giant.
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Paul Tellier stepped down as president  and chief executive of Bombardier Inc. BBDsvb.TO  on Monday,  surprising investors and sending the train and plane maker's  shares down as much as 26 percent to a 10-year low.
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Canada's Bombardier Inc, the world's third-largest maker of civil aircraft, does not expect a large impact on earnings from problems with its Q400 turboprop that have affected airlines globally, a company official said on Friday.
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Credit analysts warned on Monday that if Moody's Investors Service downgraded some specialist bond insurers it could have far-reaching impact on financial markets.
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Merck &amp; Co. (MRK.N: Quote, Profile, Research) saw its ratings slashed by a third credit ratings agency on Tuesday as Standard &amp; Poor&#39;s delivered the final blow
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A third major debt ratings agency has stripped Merck &#38; Co. of its top credit grade, lowering the drug maker's classification by three notches amid concerns stemming from its recall of the arthritis drug Vioxx.
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LONDON, December 1  - Bombardier Inc (BBD.B.TOR) announced today plans to cut 2,200 more jobs at its train manufacturing unit, while reducing the production of its 50-seater regional jets, after having reported lower-than-expected third
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Moody&#39;s Investors Service on Friday upgraded JC Penney Co. Inc.&#39;s (JCP.N: Quote, Profile, Research) debt ratings to just one step below investment-grade status, citing factors