S&P Downgrades Weight Watchers (WTW) to 'B-'; Sees Downward Revenue Trends Continuing May 1, 2015 02:40PM

Standard & Poor's Ratings Services today lowered its corporate credit rating on Weight Watchers International (NYSE: WTW) to 'B-' from 'B'. The outlook is stable.

At the same time, we lowered our rating on the company's first-lien revolver, term loan B-1, and term loan B-2 to 'B-' from 'B+'. Concurrently, we revised the recovery rating on the first-lien facilities to '4' from '2', indicating that lenders could expect average (30% to 50%, at the low end of the range)... (continue reading...)


Moody's Downgrades Avon Products (AVP) to 'Ba2'; Efforts to Improve Operating Performance Seen as Not Sufficient May 1, 2015 12:13PM

Moody's Investors Service downgraded Avon Products (NYSE: AVP) (Avon) Corporate Family Rating (CFR) to Ba2 from Ba1. Moody's also downgraded the Probability of Default Rating to Ba2-PD, and lowered the Speculative Grade Liquidity (SGL) rating to SGL-2. The downgrade of the CFR reflects Moody's concern that efforts to improve operating performance are not sufficient to offset the confluence of headwinds the company is facing -- including FX volatility, inflation, the IPI... (continue reading...)


S&P Downgrades Vale S.A. (VALE) to 'BBB'; Expects Weakening Credit Metrics May 1, 2015 10:34AM

Standard & Poor's Ratings Services said today that it has lowered its ratings on Vale S.A. (NYSE: VALE), including its corporate credit ratings to 'BBB' from 'BBB+' and the ratings on Vale's bonds issued by Vale Canada Ltd., Vale Overseas Ltd., and PT Vale Indonesia Tbk. The outlook is negative. All ratings were removed from CreditWatch, where they were placed with negative implications on April 13, 2015.

At the same time, we affirmed the 'brAAA' Brazilian national scale... (continue reading...)


S&P Cuts EXCO Resources (XCO) to 'B-'; Sees Higher Leverage Amid Pressured Oil, Nat Gas Prices Apr 30, 2015 03:30PM

Standard & Poor's Ratings Services today lowered its corporate credit rating on Dallas-based exploration and production company EXCO Resources Inc. (NYSE: XCO) to 'B-' from 'B'. The outlook is stable.

At the same time, we are lowering our issue-level rating on the company's senior secured bank debt to 'B+' from 'BB-' and our issue-level rating on its senior unsecured notes to 'CCC' from 'CCC+'.

"The downgrade reflects our reduced oil and natural gas price assumptions and... (continue reading...)


Moody's Raises Alcoa (AA) Rating Outlook to Positive from Stable Apr 30, 2015 01:53PM

Moody's Investors Service changed Alcoa Inc.'s (NYSE: AA) outlook to positive from stable. At the same time, Moody's affirmed all ratings including the Ba1 corporate family rating (CFR), Ba1-PD probability of default rating, Ba1 senior unsecured notes ratings, (P)Ba1 senior unsecured shelf rating, (P)Ba1 medium term note program rating and Ba2 preferred stock rating. The SGL-1 speculative grade liquidity rating was also affirmed.

Affirmations:

.... Corporate Family... (continue reading...)


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Apr 30, 2015 11:50AM S&P Lifts Outlook on Iron Mountain (IRM) to Positive Following Recall Holdings Acquisition Announcement
Apr 29, 2015 04:38PM Moody's Cuts Greece's Government Bond Rating to 'Caa2'; Outlook Negative (GREK) (NBG)
Apr 29, 2015 11:21AM S&P Affirms Ratings on XPO Logistics (XPO) Following Norbert Dentressangle Acquisition Announcement
Apr 28, 2015 02:16PM Aetna (AET) Ratings, Outlook Affirmed by S&P Following Q1 Results; Financial Risk Profile Remains Very Strong
Apr 28, 2015 12:14PM S&P Upgrades Equity One (EQY) to 'BBB'; Notes Successful Portfolio Repositioning
Apr 27, 2015 03:27PM Applied Materials (AMAT) Outlook Lowered to Stable by S&P Following Termination of Tokyo Electron Deal
Apr 27, 2015 12:44PM UPDATE: S&P Moves Outlook on Time Warner Cable (TWC) to Negative
Apr 27, 2015 12:21PM S&P Upgrades Extended Stay America (STAY) to 'BB-'; Notes Expected CMBS Debt Repayment
Apr 27, 2015 11:11AM Nord Anglia Education (NORD) Ratings Placed Under Review by Moody's Following Meritas Schools Deal
Apr 27, 2015 09:05AM Fitch Downgrades Japan
Apr 24, 2015 09:27AM Pioneer Energy Services (PES) Ratings Affirmed by S&P; Sees Being Able to Maintain Debt/EBITDA Level
Apr 24, 2015 09:19AM Moody's Sees VimpelCom (VIP) Retaining Competitive Position in Russia; Affirms Ratings, Outlook
Apr 23, 2015 12:40PM Coca Cola (KO) Outlook Cut to Negative by S&P; Notes Recent Increased Debt, Mixed Earnings
Apr 23, 2015 09:11AM S&P Affirms Ratings on CNOOC Ltd. (CEO); Sees Cost Controls, Prudent Spending Withstanding Low Price Environment
Apr 22, 2015 12:16PM S&P Lifts Outlook on JCPenney (JCP) to Positive; Sees 'Modest Gains' Over Next Year
Apr 22, 2015 12:09PM S&P Cuts Warren Resources' (WRES) Rating to 'CCC+'; Notes Reduced Oil, Nat Gas Assumptions
Apr 22, 2015 10:03AM Moody's Affirms Mylan (MYL) at 'Baa3'; Moves Outlook to Developing (TEVA)
Apr 21, 2015 03:02PM S&P Lowers Outlook on Kellogg (K) to Negative; Could See Operational Challenges on Lower Cereal, Snack Sales
Apr 21, 2015 09:11AM S&P Places Ocwen Financial (OCN) on CreditWatch Negative; Sees Auditor Including 'Going Concern' Language (ASPS)
Apr 20, 2015 03:48PM S&P Cuts AMD (AMD) to 'B-'; Notes Weak Industry Conditions, High-Competitive PC Markets
Apr 20, 2015 02:05PM S&P Lowers Outlook on Resolute Energy (REN) to Negative; Leverage Deterioration Expected to Continue
Apr 20, 2015 11:46AM Service Corp's (SCI) Corporate Family Rating Raised to 'Ba2' by Moody's
Apr 17, 2015 03:04PM S&P Boosts Financial Strength, Counterparty Credit Ratings on Hartford Financial (HIG) to 'A+'
Apr 17, 2015 11:04AM S&P Upgrades Nokia (NOK) to 'BB+' Following Alcatel-Lucent (ALU) M&A News
Apr 16, 2015 02:54PM S&P Cuts CHC Group (HELI) CCR to 'B'; Credit Measures Seen Weaker than Expected
Apr 16, 2015 10:28AM UPDATE: S&P Downgrades Grainger (GWW) to 'AA+'; Outlook Lowered to Negative
Apr 15, 2015 03:13PM Apache Corp. (APA) Ratings Lowered to 'BBB+' by S&P; Sees High Ongoing Leverage
Apr 15, 2015 02:11PM S&P Removes National CineMedia (NCMI) Ratings from CreditWatch Negative Following Termination of Merger
Apr 15, 2015 12:03PM UPDATE: S&P Cuts Greece to 'CCC+'; Outlook Negative (GREK) (FXE)
Apr 15, 2015 11:18AM Rayonier Advanced Materials (RYAM) Outlook Lowered to Negative by S&P
Apr 14, 2015 05:17PM Moody's Cuts Ryland Group (RYL) CFR to 'Ba3'; Outlook Stable
Apr 14, 2015 04:21PM S&P Revises Outlook on First Horizon National (FHN) to Positive on DoJ, HUD Agreements
Apr 14, 2015 12:14PM Interpublic Group (IPG) Raised to 'BBB-' by S&P; Sees Operating Trends Continuing
Apr 14, 2015 10:51AM S&P Places AuRico Gold (AUQ) Ratings on CreditWatch Negative Following Proposed Merger (AGI)
Apr 13, 2015 03:07PM Home Loan Servicing (HLSS), Ocwen (OCN) Agreement Reduces Near-Term Uncertainty - Fitch
Apr 13, 2015 02:31PM S&P Downgrades MoneyGram (MGI) IDR to 'B+'; Outlook Stable
Apr 13, 2015 02:03PM S&P Places TRW Automotive (TRW) on CreditWatch Negative
Apr 13, 2015 12:36PM S&P Downgrades EPIQ Systems (EPIQ) to 'B+'; Financial Risk Profile Revised to 'Aggressive'
Apr 13, 2015 10:54AM S&P Places Several Iron Ore Names on CreditWatch Negative Amid Lower Price Assumptions (VALE) (BHP) (RIO)
Apr 10, 2015 03:23PM Diamond Offshore Drilling (DO) Ratings Lowered to 'BBB+' by S&P; Sees Weaker Credit Measures on Day-Rates, Fleet Utilization
Apr 10, 2015 02:17PM Apache Corp. (APA) Rating Cut to 'Baa1' by Moody's, Outlook to Negative
Apr 10, 2015 12:54PM S&P Raises Rating on Basic Energy Services (BAS) to 'B'; Outlook Stable
Apr 10, 2015 12:06PM Moody's Lowers Outlook on Shell (RDS-A) to Negative; Ratings Affirmed
Apr 10, 2015 11:41AM PG&E Corp. (PCG) Outlook Raised to Stable by S&P; Equity Offerings Able to Maintain Capital Structure
Apr 9, 2015 02:16PM Mylan (MYL) Ratings Placed on CreditWatch Negative by S&P Following Bid to Acquire Perrigo (PRGO)
Apr 9, 2015 02:10PM Constellation Brands (STZ) Initiation of Dividend Payment is Credit-Negative Event - Moody's
Apr 9, 2015 01:42PM Perrigo (PRGO) Placed on Watch Negative at Standard & Poor's on Potential Mylan Deal
Apr 9, 2015 01:39PM Mylan (MYL) on Watch Negative at Standard & Poor's On Potential Perrigo Deal
Apr 9, 2015 11:42AM Fitch Sees Shell (RDS-A), BG Group Deal Igniting Further Segment M&A
Apr 9, 2015 11:19AM Fitch Revises Brazil's Rating Outlook to Negative
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