Standard & Poor's Ratings Services

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Type: Company
Name: Standard & Poor's Ratings Services
First reported 53 mins ago - Updated 53 mins ago - 1 reports

S&P cuts rating on JC Penney term loan

NEW YORK -- Standard & Poor's Ratings Services is lowering the rating it gave J.C. Penney's term loan further into junk status because the struggling department store operator boosted the loan's size.J.C. Penney Co. increased the size of the term loan ... [Published CNBC - 53 mins ago]
First reported 4 hours ago - Updated 2 hours ago - 1 reports

Egypt's reliance on Central Bank funding may add to inflationary pressures

The Egyptian Government is facing an increasingly difficult set of economic circumstances that could raise inflationary pressures and lead to further social unrest, says a report by Standard & Poor's Ratings Services. ... [Published CPI Financial - 4 hours ago]
First reported 4 hours ago - Updated 4 hours ago - 1 reports

S&P's European Real Estate Ratings Stable Despite Struggling Economy

LONDON--European real estate companies remain well placed to weather the still struggling economy, particularly in Germany and the U.K., according to global ratings agency Standard and Poor's.The slightly surprising outlook comes as S&P is forecasting ... [Published 4 Traders - 4 hours ago]
First reported 13 hours ago - Updated 13 hours ago - 1 reports

Provident Funding's Senior Unsecured Notes Rated 'B+'; Other Ratings Outlook Remains Stable

--Standard & Poor's Ratings Services today said it assigned its 'B+' rating on Provident Funding Associates L.P.'s $500 million senior unsecured notes due in 2021. We also assigned a '4' recovery rating on the notes, which indicates our expectation for ... [Published Thailand News and Press Releases - 13 hours ago]
First reported 13 hours ago - Updated 13 hours ago - 1 reports

Outlook Revised To Negative From Stable On St. Alexius Medical Center, ND Bonds On Soft Operations And Low Liquidity

--Standard & Poor's Ratings Services revised its outlook to negative from stable and affirmed its 'BBB+' long-term rating on Burleigh County, N.D.'s $40.635 million series 2012A health care revenue refunding bonds and its 'BBB+' underlying rating (SPUR) ... [Published Thailand News and Press Releases - 13 hours ago]
First reported 22 hours ago - Updated 14 hours ago - 1 reports

S&P cuts long-term ratings on Jordan to BB-; Outlook remains negative

Standard & Poor's Ratings Services today lowered its long-term foreign and local currency sovereign credit ratings on the Hashemite Kingdom of Jordan to 'BB-'. At the same time, it affirmed the short-term sovereign credit ratings at 'B'. The outlook remains ... [Published CPI Financial - 22 hours ago]
First reported 14 hours ago - Updated 14 hours ago - 1 reports

U.S. Asks Judge to Let S&P Suit Move Forward

The Justice Department Monday asked a federal judge to allow its lawsuit against Standard & Poor's Ratings Services to move forward. ... [Published WSJ.com: What's News US - 14 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 1 reports

S&P Lifts USG Outlook on Improving Results, U.S. New-Home Construction

,Nathalie Tadena,(c) 2013 Dow Jones & Company, Inc.Standard & Poor's Ratings Services lifted its outlook on USG Corp. to positive from stable, citing the building-products company's improved operating results and expectations it will benefit from U.S. ... [Published Dow Jones Financial Information Services - 16 hours ago]
First reported 19 hours ago - Updated 19 hours ago - 1 reports

Outlook on US exploration and production industry remains stable, says report

Standard & Poor'sMost rated US exploration and production (E&P) issuers continue to carry stable outlooks and will continue to remain stable at least for the remainder of this year, said Standard & Poor's Ratings Services in an industry report card published ... [Published Oil & Gas Financial Journal - 19 hours ago]
First reported 22 hours ago - Updated 22 hours ago - 2 reports

S&P revises Lambert-St. Louis Airport outlook to stable

Standard & Poor's Ratings Services on Monday revised its outlook on Lambert-St. Louis International Airport's bonds to stable from negative, citing improved passenger trends and adequate debt obligation coverage. ... [Published XE - 22 hours ago]
First reported May 20 2013 - Updated May 20 2013 - 4 reports

Powerlong Real Estate Holdings Ltd.'s Proposed RMB Senior Unsecured Notes Assigned 'B-' And 'cnB+' Unsolicited Ratings

--Standard & Poor's Ratings Services today assigned its unsolicited 'B-' long-term issue rating and unsolicited 'cnB+' long-term Greater China regional scale rating to a proposed issue of Chinese renminbi-denominated senior unsecured notes by Powerlong ... [Published Thailand News and Press Releases - May 20 2013]
First reported May 20 2013 - Updated May 20 2013 - 1 reports

CITIC Pacific ratings unaffected by retap of securities

] Standard & Poor's Ratings Services said today thatits corporate credit rating on CITIC Pacific Ltd. (BB+/Negative/--, cnBBB/--)(00267) isnot affected by the company's upsizing of a hybrid securities issuance.CITIC Pacific announced today that it intends ... [Published etnet.com.hk - May 20 2013]

Quotes

"Beyond the economic crisis, though, the prospects for most of Europe's housing markets appear more positive, in our view," S&P analysts said. "A shortage of housing supply, coupled with rising populations in The Netherlands, France, and the U K , to name just three, should underpin property prices in the long run."
"Meanwhile, Standard & Poor's Ratings Services expects that the U S corporate trailing 12-month speculative-grade default rate will increase to 3.3% by March 2014, from the 2.5% achieved in the 12 months ended March 2013. The baseline forecast is partially based on assumptions that the U S economy will grow by 2.7% in 2013 and the unemployment will decline to less than 7% by the first quarter of 2014. While a higher default rate is a modest concern, it should be noted that the long-term average default rate in the 1981-2012 period was 4.5%" according to the note
...of fiscal 2013 ended April 30 and its low liquidity of 77 days as of April 30, 2013," said Standard & Poor's credit analyst Brian Williamson. "We did not lower the rating because St. Alexius is taking steps to address the liquidity and plans to issue bonds that would reimburse itself and bring pro forma liquidity to more than 120 days" Mr. Williamson added
"On balance, we view the new issuance as neutral to the rating," said Standard & Poor's credit analyst Stephen Lynch. "On one hand, the company's balance sheet will be less encumbered following the close of these transactions. In our opinion, this improves Provident's liquidity position since we believe it could probably borrow some amount against these unencumbered assets in the future. On the other hand, the company is issuing $100 million of incremental debt, which will increase its leverage."

More Content

All (576) | News (543) | Reports (2) | Blogs (21) | Audio/Video (1) | Fact Sheets (0) | Press Releases (8)
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Standard & Poor's Statement On Berkshire Hathaw... [Published Insurance Asset Manager - 26 mins ago]
S&P cuts rating on JC Penney term loan [Published CNBC - 53 mins ago]
Egypt's reliance on Central Bank funding may ad... [Published CPI Financial - 4 hours ago]
S&P's European Real Estate Ratings Stable Despi... [Published 4 Traders - 4 hours ago]
Junk Bond ETFs Still Appealing, Says S [Published Benzinga.com - 6 hours ago]
Outlook Revised To Negative From Stable On St. ... [Published Thailand News and Press Releases - 13 hours ago]
Provident Funding's Senior Unsecured Notes Rate... [Published Thailand News and Press Releases - 13 hours ago]
Elan Corp. plc 'B+' Rating Affirmed On Return T... [Published Thailand News and Press Releases - 13 hours ago]
U.S. Asks Judge to Let S&P Suit Move Forward [Published WSJ.com: What's News US - 14 hours ago]
MCGRAW HILL FINANCIAL INC : Justice Department ... [Published 4 Traders - 15 hours ago]
Platts Pre-Report Survey of Analysts? EIA/API E... [Published Noodls - 16 hours ago]
S&P Lifts USG Outlook on Improving Results, U.S... [Published Dow Jones Financial Information Services - 16 hours ago]
UPDATE: Dell Committee Again Seeks More Info fr... [Published Global Finance Magazine - 19 hours ago]
Outlook on US exploration and production indust... [Published Oil & Gas Financial Journal - 19 hours ago]
S&P revises Lambert-St. Louis Airport outlook t... [Published XE - 22 hours ago]
S&P cuts long-term ratings on Jordan to BB-; Ou... [Published CPI Financial - 22 hours ago]
S&P revises Lambert-St. Louis Airport outlook t... [Published Reuters - 22 hours ago]
'Slippages on reforms, fiscal deficit may mater... [Published MyIris - May 20 2013]
Platts: Asia Spot LNG Prices for June Delivery ... [Published TickerTech.com - May 20 2013]
Ratings Affirmed And Withdrawn On Quarzo Series... [Published Thailand News and Press Releases - May 20 2013]
Vedanta Resources ratings affirmed and removed ... [Published Steel Guru - May 20 2013]
Powerlong Real Estate Holdings Ltd.'s Proposed ... [Published Thailand News and Press Releases - May 20 2013]
Fantasia Holdings Group Co. Ltd.'s Proposed RMB... [Published Thailand News and Press Releases - May 20 2013]
Classes C To E Of Orso Funding CMBS 7 Rating O... [Published Thailand News and Press Releases - May 20 2013]
SP Considers Yanzhou Coal Mining Co. Ltd.'s Pro... [Published Thailand News and Press Releases - May 20 2013]
CITIC Pacific ratings unaffected by retap of se... [Published etnet.com.hk - May 20 2013]
S&P assigns B+, cnBB to Fantasia's (01777) note... [Published CCB International - May 20 2013]
Powerlong's (01238) notes rated "B-" & "cnB+" - S [Published etnet.com.hk - May 20 2013]
Proposed issuance to cut Yanzhou's total debt i... [Published etnet.com.hk - May 20 2013]
Fantasia's proposed RMB notes assigned "B+" & "... [Published etnet.com.hk - May 20 2013]
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Blogs

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S&P Downgrades Berkshire From AA+ To AA, Outloo... [Published Zero Hedge - May 16 2013]
Obviously with Buffett a major shareholder of Moody's, the only place where a downgrade of Berkshire could come from was S&P. Moments ago, the rating agency that dared to downgrade the US for which it is being targeted by Eric Holder's Department of "Justice", ...
S&P DOWNGRADES WARREN BUFFETT [Published Clusterstock - May 16 2013]
S&P has just downgraded the credit rating of Berkshire Hathaway to AA+ from AA . Berkshire Hathway is the financial and industrial conglomerate run by billionaire Warren Buffett . "The lower credit rating on BRK better reflects our view of BRK's ...
Frontrunning: May 15 [Published Zero Hedge - May 15 2013]
Once a beacon, Obama under fire over civil liberties ( Reuters ) Eurozone in longest recession since birth of currency bloc ( FT ) EU Oil Manipulation Probe Shines Light on Platts Pricing Window ( BBG ) BMWs Cheaper Than Hyundais in Korea as Tariffs Crumble ...
Frontrunning: April 30 [Published Zero Hedge - Apr 30 2013]
Euro-Area Unemployment Increases to Record 12.1% Amid Recession ( BBG ) Fed faces calls for radical reform ( FT ) - Has Jamie Dimon approved of this message? No? Carry on then CEO Pay 1,795-to-1 Multiple of Wages Skirts U.S. Law ( BBG ) Ex-UBS Executive ...
S&P suit stays in Connecticut [Published Housing Wire - Apr 26 2013]
A federal judge ruled that Connecticut's lawsuit against Standard & Poor's Ratings Services for allegedly misrepresenting that its ratings were independent and objective will be decided in a state court. http://online.wsj.com/article/SB1000142412788 ...
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Audio/Video

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Analysis: S&P Downgrades Telkom Rating to BBB- [Published ABN Digital - Video - Dec 05 2012]
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Press Releases

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Report Forecasts $53 Trillion Global Corporate ... [Published Financial Services - May 15 2013]
Platts Survey: OPEC Pumps 30.5 Million Barrels ... [Published PR Newswire - May 13 2013]
Platts Survey: High Capital Costs and Maintaini... [Published PR Newswire - May 09 2013]
Platts Releases 2013 North American Shale Plays... [Published PR Newswire - May 06 2013]
S&P: Age-Related Spending Reforms Help Restore ... [Published Financial Services - Mar 20 2013]
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