Tag: credit rating

Under Armour’s Credit Ratings Plummet After Earnings Miss, CFO’s Departure

Under Armour’s headquarters, photo via Wikimedia Commons

Analysts have set a very poor outlook for Baltimore’s most beloved sportswear manufacturer after the company announced this week that it missed its earnings mark for the fourth quarter of 2016 and has reduced its growth expectations for 2017.

‘Fiscal Brinkmanship’ in Congress Is Going to Hurt Maryland



‘Fiscal brinkmanship’ is how Maryland Reporter describes the give-no-quarter budgetary negotiations going on in Congress these days. And that sounds about right. And while we wait to see which side is going to blink first, Maryland is likely to see its AAA credit rating downgraded by Moody’s Analytics.

Baltimore, Your Credit Rating Has Been Calculated…and It Doesn’t Make Any Sense


I’ve never looked up my credit score. Frankly, I don’t want to know. And so long as I’m allowed to keep utilities in my name, I guess I don’t need to know.

Whether we wanted to know or not, the credit score for the entire Baltimore area was released by CreditKarma.com. On average, our credit score is 654 by the most recent calculation, which is an eight-point drop from August.

On the other hand, we have mostly reduced our debt. Our credit card debt, student loan debt, and mortgage debt were all lower in October than they were in May.

(By the way, I was blown away by these numbers. Average mortgage debt is $167,964?! Average student loan debt is $34,961?! I know it’s an improvement, but come on. Average auto loan debt is $14,891. What are we doing?!)

Well, you’re on the right track, Baltimore. Credit score be damned!