Fitch has downgraded the following ratings for Masco:
--Long-term IDR to 'BB' from 'BB+';
--Senior unsecured notes to 'BB' from 'BB+';
--Unsecured bank credit facility to 'BB' from 'BB+'.
Too bad it doesn't rate management ability and integrity. But others are beginning to do that.
Saw that post yesterday about Masco being a "Value Destroyer" and the stock as "Dangerous". That's more to the point than the "see no evil" paid-to be nice rating services grinding out their usual nonsense.