Standard & Poor’s lowered the credit ratings for AT&T and Verizon Communications on Monday, saying that increased competition will make it harder for the two largest phone companies to pay down their long-term debt.
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Standard & Poor’s lowered the credit ratings for AT&T and Verizon Communications on Monday, saying that increased competition will make it harder for the two largest phone companies to pay down their long-term debt.
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Heavy equipment manufacturer Caterpillar is marketing a two-year 1 billion renminbi bond to institutional investors in Hong Kong. It’s only the second multinational company to test the waters of the “dim sum” market, and its o…
Investors hungry for higher yields are flocking to the credit markets, putting junk-bond issuance on a record-setting pace. And lenders are loosening credit standards, while companies take on debt just because it’s cheap. Sound…