Thank you for sharing!

Your article was successfully shared with the contacts you provided.

When the global financial meltdown hit, Caterpillar saw its revenue fall from $51.3 billion in 2008 to $32.4 billion in 2009, a 37% plunge that was the largest one-year percentage drop since 1946. Falling stock prices and interest rates hurt the funded status of the company’s pension plan, requiring a $3.4 billion charge to equity. Debt-to-equity soared from 31.2% to 59.7% by March 2009. Moody’s and Standard & Poor’s revised their outlooks and seemed poised to downgrade their debt ratings on the manufacturer of agricultural and mining equipment.

This premium content is locked for
Treasury & Risk subscribers only.

Already have an account?
Interested in customizing your subscription with Law.com All Access?
Contact our Sales Professionals at 1-855-808-4530 or send an email to groupsales@alm.com to learn more.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.