Elevate Credit loans money "to the vast and underserved segment of 170 million non-prime consumers in the U.S. and U.K."
The online lender's revenue fell 33% as it struggled to obtain loan funding from investors.
The credit rating agency warns of "a growing likelihood that Toshiba will become unable to fulfill its financial obligations in a timely manner."
Central bank officials are expecting at least two more hikes this year amid a strong labor market and rising inflation.
“Raising rates [this] week is as close to a certainty as you ever get in this business," an investment strategist says.
The sports apparel company's credit rating is cut to 'junk' level on weakening margins and 'intense competition.'
Absent an economic slowdown, strong free cash flow and accessible debt markets will keep companies from having to tap reserves.
Specialty department store Kohl's has its corporate credit rating cut to BBB-, the lowest investment-grade rung.
The benchmark rate for $350 trillion worth of financial products worldwide has risen nearly 0.40 percentage point over the past year.
The new influx in credit will help Sears stay afloat until future real estate deals provide more cash to pay down outstanding debts.