Originally Posted by Excargodog

And reality still doesn’t change when you go ad hominem. And yeah, BB- is junk too, although it’s a marginally higher class of junk than B-. But then they have a debt of about $3 Billion rather than ten times that amount, and two companies fighting to purchase them despite their debt.

And I too am talking about outlooks, but the rating plays a part in that, because the rating determines the coupon you must pay to get people to buy your bonds when you MUST refinance, and the outlook also affects that. Currently the Fed indicates it’s going to continue to raise rates - up to 3.4%. That’s an outlook. Historically, corporations rated B- (and stable) who sell bonds wind up paying a coupon of about 500 basis points (5%) above the Fed rate. What’s $35 billion times 8.3%? Is that a greater or lesser amount than the current $2 annual debt service?

There is your outlook.

But like I said, if you desire to count keyboard coup by pretending the FED situation isn’t important as far as “outlook” or a B- rating doesn’t affect outlook in the current business environment, go for it. Reality still doesn’t change.