-
Egan-Jones Downgrades Italy to CCC+
Wednesday, July 25, 2012 - 7:55pm | 406Read More...In a move that really surprised no one, Italy received another downgrade from ratings agency Egan-Jones, moving the country's credit further into junk territory. Italy's debt, previously rated at B+, is now rated CCC+ by the company. Egan-Jones commented that it sees Italy with a 22 percent chance...
-
Egan-Jones Reports on Jefferies Group
Tuesday, November 22, 2011 - 3:02pm | 121Read More...On Tuesday, Egan-Jones released their Rating Analysis of Jefferies Group (NYSE: JEF). The document indicated that Jefferies' reported net income growth of 52.6% for the quarter ending in August of 2011 was unsustainable. The report states that Jefferies needs to raise $1 billion and deleverage to...
-
The Debt Dominoes Are Starting To Fall, But No One Cares Just Yet
Monday, July 18, 2011 - 11:13am | 784Read More...Over the weekend, a ratings agency downgraded U.S. government debt. Fortunately or unfortunately, depending upon your perspective, no one cares what Egan-Jones has to think. The independent ratings agency run by Sean Egan downgraded the US from AAA to AA+ over the weekend. In the release, Egan-...
-
Carl Icahn Approves Of CIT Group (CIT) Hiring John Thain
Monday, February 8, 2010 - 5:40pm | 190Read More...Investor Carl Icahn voiced his support for John Thain's hiring as Chief Executive of CIT Group, Inc. (NYSE: CIT). "He's a very good pick for the job," Icahn said. "Thain has a pretty good history of operations and making things happen." Icahn said that CIT Group has "great" lending platforms that...
