Moody's Cuts Corrections Corp. (CXW) to 'Ba1'; Outlook Lowered to Negative
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/20/2026
- US stock futures steady after tech slump; investors focus on Middle East tensions
- U.S. Treasury doubles buyback operation size for long-dated bonds
- Marvell shares jump after giving Google warrants amid custom chip deal
- U.S. debt tops $40 trillion
- Nvidia credit risk gauge hits new peak as SoftBank readies record bond issue
- Marvell issues Google warrant tied to custom chip deal
- FOMC minutes from July 28-29th meeting
- US stock futures steady after tech slump; investors focus on Middle East tensions
- Lowe's Cos. (LOW) Tops Q2 EPS by 17c, Misses on Revenue; Offers Fy27 Guidance
- Marvell shares jump after giving Google warrants amid custom chip deal
S&P Downgrades Corrections Corp. (CXW) to 'BB'; Places Ratings on CreditWatch Negative
August 19, 2016 3:43 PM EDTHighlights:
The U.S. Department of Justice (DOJ) has directed Federal Bureau of Prisons (BOP) officials to decline to renew or substantially reduce the scope of contracts with private prison operators in an effort to reduce--and ultimately end--the use of private prisons to house the federal prison population.Although it appears the short-term negative impact will be moderate, we believe there is risk that other government agencies, including the United States Marshals Service (USMS), could consider similar plans to reduce use of private prison operators, such as U.S.-based Corrections Corp. of America... More