The rating agency forecasts "continued weak operating results and gradually deteriorating credit metrics amid a challenging operating environment."
“Together, we will create and deliver consumer-centric education credit products for the digital age," Navient's CEO says.
The rating agency is concerned that China is not doing enough to "deleverage" its economy after years of credit-fueled stimulus.
The central bank appears on course to raise interest rates in December but is "monitoring inflation developments closely."
The acquisition of startup SnapCap will help LendingTree to "scale and accelerate our small business channel."
The payments firm wants to offer a one-stop shop for financial needs by operating Square Financial Services under an industrial loan company charter.
S&P cites the possibility that Toys may address maturing bonds at less than par or engage in a broader restructuring.
Companies "raise significantly more external capital following the disclosure of their auditors’ PCAOB inspection report," study finds.
The truth of the matter is that women simply aren’t getting VC funding.
Nonfinancial corporate debt is at a record high, and for some companies the leverage is unsustainable, says an IIF paper.