{"id":5030,"date":"2014-09-28T10:10:22","date_gmt":"2014-09-28T04:40:22","guid":{"rendered":"http:\/\/indonesia-furniture.com\/news\/2014\/09\/28\/furniture-brands-seeks-withdrawal-of-debt-ratings\/"},"modified":"2014-09-28T10:10:22","modified_gmt":"2014-09-28T04:40:22","slug":"furniture-brands-seeks-withdrawal-of-debt-ratings","status":"publish","type":"post","link":"https:\/\/indonesia-furniture.com\/articles\/furniture-brands-seeks-withdrawal-of-debt-ratings\/","title":{"rendered":"Furniture Brands seeks withdrawal of debt ratings"},"content":{"rendered":"<p>Furniture Today,<br \/>\nST. LOUIS \u00e2\u20ac\u201d Furniture Brands International said it has asked the two major debt ratings agencies, Moody\u00e2\u20ac\u2122s and Standard and Poor\u00e2\u20ac\u2122s, to withdraw their ratings for the company.<\/p>\n<p>FBI, which refinanced much of its debt earlier this year, said its lenders no longer require debt ratings.<br \/>\n                        <!--adsense--><br \/>\n\t\t <!--more--><br \/>\n \u00e2\u20ac\u0153With our current capital structure and with no foreseeable debt issuance needs, we have concluded that we no longer need to maintain a third-party credit rating,\u00e2\u20ac\u009d said Ralph Scozzafava, vice chairman and CEO-designate. \u00e2\u20ac\u0153We made this decision as part of our ongoing company-wide initiatives to gain efficiencies and to cut costs whenever possible.\u00e2\u20ac\u009d<\/p>\n<p>Companies pay the rating services to assess their debt issues.<\/p>\n<p>Several months before the refinancing, the ratings agencies placed FBI\u00e2\u20ac\u2122s debt in the \u00e2\u20ac\u0153substantial credit risk\u00e2\u20ac\u009d category.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Furniture Today, ST. LOUIS \u00e2\u20ac\u201d Furniture Brands International said it has asked the two major debt ratings agencies, Moody\u00e2\u20ac\u2122s and Standard and Poor\u00e2\u20ac\u2122s, to withdraw their ratings for the company. FBI, which refinanced much of its debt earlier this year, said its lenders no longer require debt ratings.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-5030","post","type-post","status-publish","format-standard","hentry","category-furniture-indonesia-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/5030","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=5030"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/5030\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=5030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=5030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=5030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}