283 US firms at high risk of default: Moody's

burythehatchet

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Tue Mar-10-09 09:27 PM
Original message

283 US firms at high risk of default: Moody's

http://rawstory.com/news/afp/283_US_firms_at_high_risk_of_defaul_03102009.html

A total of 283 publicly traded US companies including many high-profile firms are at high risk of defaulting on their debt payments, Moody's Investors Service said Tuesday.
.....
The list does not include all firms with a low or speculative credit rating, but indicates those with a higher risk of default on their debt payments.
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Among the well-known corporate names on the list are technology firms Palm and Advanced Micro Devices; retailers Barney's New York, Eddie Bauer and Loehmann's; food companies such as Chiquita Brands and Dole Foods; and travel firms including Orbitz, JetBlue and United Airlines parent UAL Corp.

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Deja Q

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Tue Mar-10-09 09:29 PM
Response to Original message

1. Time to stock up on Intel chips; the prices are about to balloon.

:crazy:

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stillcool

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Tue Mar-10-09 09:37 PM
Response to Original message

2. Chiquita?

what do these global corporations do..bankrupt the American based, and keep the rest?

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Muttocracy

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Tue Mar-10-09 09:51 PM
Response to Original message

3. so do these kind of rankings help people avoid losing money, or do they cause panics

that cause people to lose money :shrug:

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On the Road

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Tue Mar-10-09 10:00 PM
Response to Reply #3

4. That's Part of the Reason

the financial industry's problem were covered up by bond analysts. "No need to cause a panic."

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Muttocracy

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Tue Mar-10-09 10:02 PM
Response to Reply #4

5. so does this help investment managers get the "bad" stuff out of portfolios?

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On the Road

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Tue Mar-10-09 10:10 PM
Response to Reply #5

6. I Don't Really Know

If they're professionals at large firms, they've probably reached the same conclusions already through their own analysis. But Moody's rating do affect things.

The market is odd in that perceptions often become realities unless events intrude.

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Muttocracy

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Tue Mar-10-09 10:19 PM
Response to Reply #6

7. Thanks for your replies

I am ignorant and easily confused when it comes to economics :dunce: and somewhat suspicious of the whole thing :tinfoilhat:

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On the Road

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Wed Mar-11-09 05:09 AM
Response to Reply #7

8. That's Really the Best Attitude to Take

People who start thinking they understand the markets are the ones who are in trouble now. You can follow it for years and still not get most of it.

:hi:

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