Builders Moody’s downgrades rating$TRUMP
$XAI
Housing
Moody’s credit rating agency downgraded the corporate family rating of Builders FirstSource Inc (NYSE: BLDR) to Ba2 from Ba1 and revised its outlook to negative, citing a sharp decline in profit margins and a significant increase in leverage amid continued weakness in the U.S. residential construction market. The agency noted that higher mortgage rates, deteriorating housing affordability, and industry-wide excess capacity are all factors likely to delay any meaningful recovery in earnings over the next 12 to 18 months.
$XAU
#HotCPIDecemberHikePriced #ZcashFallsBelow$1000ForFirstTimeSinceSeptember #AnthropicRejectsIPODelayValuationinQuestion #AnthropicRejectsIPODelayValuationinQuestion #BitcoinETFsLose$1.6BInNovember
$XAI
Housing
Moody’s credit rating agency downgraded the corporate family rating of Builders FirstSource Inc (NYSE: BLDR) to Ba2 from Ba1 and revised its outlook to negative, citing a sharp decline in profit margins and a significant increase in leverage amid continued weakness in the U.S. residential construction market. The agency noted that higher mortgage rates, deteriorating housing affordability, and industry-wide excess capacity are all factors likely to delay any meaningful recovery in earnings over the next 12 to 18 months.
$XAU
#HotCPIDecemberHikePriced #ZcashFallsBelow$1000ForFirstTimeSinceSeptember #AnthropicRejectsIPODelayValuationinQuestion #AnthropicRejectsIPODelayValuationinQuestion #BitcoinETFsLose$1.6BInNovember
