Wednesday, March 11, 2009
Moody’s Investors Service has issued a list of 283 “Bottom Rung” companies that are most at risk of defaulting on their debt payments. Moody’s expects 45% of these firms to default over the next 12 months. Among the most well-known of these high-risk companies are:
Arby’s Restaurant Group
Barney’s New York
Blockbuster
Brookstone
Chiquita Brands
Chrysler
Dollar Thrifty Automotive Group
Eastman Kodak
Eddie Bauer
El Pollo Loco
Ford Motor
General Motors
Harrah’s Entertainment
Harry & David
Jet Blue
Krispy Kreme Doughnut
Lear Corporation
MediaNews Group
Orbitz
Quiksilver
R.H. Donnelley
Reader’s Digest
Rite Aid
Sirius XM Radio
Six Flags
US Airways.
283 US Firms at high Risk of Default: Moody’s (Agence France-Presse)
Death List—Companies Outlook Q1 2009 (Moody’s Investors Service)
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