Seeking Alpha

Ship Finance (SFL -10.8%) tumbles after Moody's slashes its debt rating to Ba3 from B1, sending...

Ship Finance (SFL -10.8%) tumbles after Moody's slashes its debt rating to Ba3 from B1, sending it further into junk territory. The ratings agency is worried about Ship Finance's exposure to Frontline (FRO -7.2%), which recently crashed on liquidity fears. Also moving lower: TNK -5.3%. OSG -4.8%. PRGN -3.9%. DRYS -6.6%.
Comments (2)
  • J. Stack
    , contributor
    Comments (281) | Send Message
     
    Tough luck, sold out SFL yesterday with loss. Should have guessed it was too close to FRO. Hope luck with SDRL is different.
    30 Nov 2011, 08:21 AM Reply Like
  • 1mystic
    , contributor
    Comments (2) | Send Message
     
    Negative articles about companies only serves short sellers. It does not help improve employment, reduce negative regulations, aid companies in doing business and providing services, or help the economy in any way.
    30 Nov 2011, 08:40 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs