ED&F Man Capital Markets Inc. has been hit with growing demands to post more capital to cover souring hedges in its mortgage division, according to Bloomberg, citing people with knowledge of the matter. Requests are coming from central clearinghouses and exchanges, forcing the firm to put up almost $100 million on Friday alone. ED&F has […]
Moody’s is carrying out a global review of its corporate ratings in light of the coronavirus and oil price slump, with a first wave of downgrades or warnings likely in the coming days. The firm has already begun the process in a number of the hardest hit sectors such as airlines, cruise and oil firms, […]
Boeing cash crunch is looking more serious than it was a month ago, and its credit rating has been downgraded to reflect that. S&P Ratings downgraded Boeing’s credit rating by two notches on Monday, to BBB from AA-, leaving it just two notches above junk. The analysts also left Boeing’s rating on watch for more […]
US companies will soon lose their coveted top-quality credit ratings, sending their debt tumbling into the rating category known as “junk.” A cut in rating below investment-grade — marked by the threshold between triple B and double B — indicates a stern warning from the likes of Moody’s and S&P Global for companies to improve […]
Today, jurors in New Haven, Connecticut, federal court returned a verdict in the Securities and Exchange Commission’s favor against an investment adviser and its owner. The jury found that Westport Capital Markets, LLC, a Connecticut-based investment advisory firm, and its owner, Christopher E. McClure, defrauded their advisory clients by repeatedly purchasing securities that generated significant undisclosed compensation, […]