In August, bond-ratings firms Moody’s Corp. and S&P Global Inc. predicted that Newell Brands Inc. would soon reduce its heavy debt load, allowing it to keep its coveted investment-grade bond rating.
They made the same prediction in 2018. And in 2017. And in 2016. And in 2015, when the company announced a big merger that quadrupled its debt. Yet bond ratings for the maker of Rubbermaid containers and Sharpie markers haven’t budged.
Makes it easy. How many firms borrow heavily and then bankrupt?
All they do is penalize the developing countries for the smallest transgressions and give a pass to the world powers, nothing new here.
Ratings firms should be smarter than that. Many people avoid Kraft Heinz and Campbell Soup purchases because they don’t identify with their activism.
Assumption college appears during the happy hour as well
Cause it’s a rigged system
The whole system is a giant scam and it’s been your job to expose that instead you hid it and only exposed those you are paid too!
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