Overview -- U.S. casual dining restaurant operator California Pizza Kitchen has performed below our expectations because of revenue declines due to weak traffic and store closures. -- While EBITDA has improved slightly in the past year, we believe there
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S&P downgrades Rio outlook
A SHARP jump in global miner Rio Tinto's debt has led to a downgrade in its credit outlook by ratings agency Standard & Poor's. S&P downgraded the miner's outlook to negative from stable. It affirmed Rio's A minus credit rating. The company's reported gr
S&P places Rio Tinto rating on negative watch
Ratings agency Standard & Poor's has downgraded its outlook on the A- long term rating assigned to mining giant Rio Tinto Ltd. In a statement to the media, S&P said Rio's leverage has increased beyond the agency's previous expectations. The outlook means
S&P downgrades Rio outlook to negative
Ratings agency Standard & Poor's says Rio Tinto's debt is rising faster than expected and has downgraded the diversified miner's outlook to negative, while reaffirming its A-minus credit rating. Unless Rio makes large asset sales or iron ore prices remai
New Jersey, its "comeback" derailed, sets another budget
(Reuters) - A year ago, New Jersey 's firebrand Republican Governor Chris Christie called on lawmakers to cut the state's income tax rate as part of the " New Jersey Comeback ," a campaign aimed at boosting economic growth. But the Democrat-led legislatu
Moody's cuts Britain's top AAA credit rating to Aa1
LONDON, Feb. 22 (Xinhua) -- Ratings agency Moody's cut Britain's domestic and foreign currency government bond ratings by one notch to Aa1 from the top notch triple A on late Friday. The outlook on the ratings is now stable, the rating agency said on its
