Thursday, 10 May 2007

S&P cuts EADS' debt rating, outlook stable

(Reuters) - The group's profits had slumped 94 percent last year on the back of a weak dollar and industrial problems at Airbus. For details see [ID:nL10414848].

S&P cut EADS' corporate credit rating by one notch to "BBB-plus," the third-lowest investment-grade rating, from "A-minus." The outlook is stable, meaning another rating change is not expected over the next two years.


Read more at Reuters.com Bonds News

No comments: