Find an article online that describes a recent change in the bond rating of a U.S. company.
Question:
Find an article online that describes a recent change in the bond rating of a U.S. company. For recent online articles and real world examples, consider using the following search terms and include the prevailing year as a search term (e.g., 2018) to ensure that the articles are recent:
a. bond rating change
b. bond rating upgrade
c. bond rating downgrade
d. bond rating and default rate
e. company AND foreign project
Once you have completed your research, reply to this post with a brief summary (one or two paragraphs) that describe the company, the reasons for the change in bond rating, and indicate whether additional changes in the bond rating are likely.
Fundamentals of Corporate Finance
ISBN: 978-1259024962
6th Canadian edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim