{"id":3407,"date":"2014-03-02T08:00:02","date_gmt":"2014-03-02T02:30:02","guid":{"rendered":"http:\/\/indonesia-furniture.com\/news\/2014\/03\/02\/sp-warns-about-furniture-brands-credit\/"},"modified":"2014-03-02T08:00:02","modified_gmt":"2014-03-02T02:30:02","slug":"sp-warns-about-furniture-brands-credit","status":"publish","type":"post","link":"https:\/\/indonesia-furniture.com\/articles\/sp-warns-about-furniture-brands-credit\/","title":{"rendered":"S&#038;P warns about Furniture Brands credit"},"content":{"rendered":"<p>Standard &#038; Poors Ratings Services has placed Furniture Brands International, parent company of Thomasville                         <!--adsense--><br \/>\n\t\t <!--more--><br \/>\nFurniture, Broyhill and other major manufacturers, on its CreditWatch list with negative implications, the ratings agency announced.<\/p>\n<p>ADVERTISEMENT<br \/>\nThat means S&#038;P could lower Furniture Brands (NYSE: FBN &#8211; News) corporate credit rating following a review. S&#038;P could also maintain the company&#8217;s current &#8220;BBB-&#8221; rating, according to S&#038;P credit analyst Ric Joy.<\/p>\n<p>&#8220;The CreditWatch listing reflects our expectation of continued softness in the company&#8217;s furniture business given a challenging retail environment, as well as credit protection measures that our below our expectations for the &#8216;BBB-&#8216; rating,&#8221; Joy said.<\/p>\n<p>Credit ratings reflect an independent analysis of a company&#8217;s likely ability to repay its debt obligations. In February another rating agency, Moody&#8217;, cut Furniture Brand&#8217;s debt to its lowest investment-grade rating, citing deterioration in the company&#8217;s margins and credit indicators.<\/p>\n<p>Published March 1, 2014 by The Business Journal<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard &#038; Poors Ratings Services has placed Furniture Brands International, parent company of Thomasville<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-3407","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/3407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=3407"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/3407\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=3407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=3407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=3407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}