Trump may be television's most effective boss, but there's some question if his ranking on Wall Street is more akin to a series deserving of the ax after its first season. Trump, the TV star, has achieved eye-popping ratings. But Trump, the CEO, appears to have rating problems where they matter most — with the stock market and corporate debt-rating services. Trump Hotels & Casino's stock sells for little more than the cost of a ride on the New York City subway. Standard & Poor's and Moody's both recently cut their rating on Trump Hotels & Casino's debt. S&P called it "vulnerable," and Moody's called it "high risk.
Friday, March 12, 2004
Hey, The Donald...