Ratings Agency

A just-issued report on the economic health of 3PL GlobalTranz echoes a similar summary issued a few months earlier: The acquisitive company has a troubling debt load. But from the perspective of GlobalTranz, part of the reason for a recent downgrade and that debt burden was that it did something...

Shares of Freeport-McMoRan Inc (NYSE: FCX) tumbled to a new 52-week low of $4.24 on Monday. The company's rating was downgraded by Fitch Ratings on Friday afternoon with a Negative outlook. Fitch Ratings announced after Friday's market close that it downgraded the Issuer Default Rating...