S&P Boosts Rating on Delphi (DLPH) to 'BBB'; Sees EBITDA Margins Staying Firm Nov 26, 2014 04:42PM

Standard & Poor's Ratings Services said today that it raised its corporate credit rating on auto supplier Delphi Automotive PLC (NYSE: DLPH)(Delphi; parent of Delphi Corp.) to 'BBB' from 'BBB-'. The outlook is stable. At the same time, we raised the issue-level rating on Delphi Corp.'s senior secured and senior unsecured debt to 'BBB' from 'BBB-'.

"The corporate credit rating on Delphi reflects our view that the company can sustain its profitability in the... (continue reading...)


McDermott Int'l (MDR) Downgraded to 'B+' by S&P; Sees Longer Time to Reduce Debt Leverage Nov 26, 2014 02:05PM

Standard & Poor's Ratings Services today said it lowered its corporate credit rating on Houston-based McDermott International Inc. (McDermott) (NYSE: MDR) to 'B+' from 'BB-'. The rating outlook is stable.

At the same time, we lowered the issue-level ratings on the company's $400 million senior secured LOC facility and $300 million senior secured first-lien term loan to 'BB' from 'BB+'. The recovery ratings on the first-lien facilities remains '1', indicating our... (continue reading...)


S&P Upgrades Boise Cascade (BCC) to 'BB-'; Notes Improved Operating Performance Nov 26, 2014 12:41PM

Standard & Poor's Ratings Services said it raised its corporate credit rating on Boise, Idaho-based Boise Cascade Co. (NYSE: BCC) to 'BB-' from 'B+'. The outlook is stable.

At the same time, in conjunction with the upgrade on the company, we raised our issue-level rating on the company's senior notes to 'BB-' from 'B+'. The recovery rating of '3' indicates our expectation that lenders will receive substantial recovery (50% to 70%) in the event of default.

The upgrade and... (continue reading...)


UPDATE: S&P Cuts L-T Rating on Molycorp (MCP) to 'Selective Default' Nov 26, 2014 11:42AM (Updated - November 26, 2014 11:42 AM EST)

Standard & Poor's Ratings Services said it lowered its long-term corporate credit rating on U.S.-based Molycorp Inc. (NYSE: MCP) to 'SD' (selective default) from 'CCC'.

At the same time, we lowered our issue rating on Molycorp's $414 million convertible notes due 2017 and $172.5 million convertible notes due 2018 to 'D' (default) from 'CCC-'. The recovery rating on these notes is unchanged at '5', indicating our expectation of... (continue reading...)


S&P Upgrades American Airlines Group (AAL) to 'B+'; Sees Continued Growth in Earnings, Cash Flow Nov 26, 2014 11:40AM

Standard & Poor's Ratings Services said it raised its ratings on Fort Worth, Texas-based American Airlines Group Inc. (AAG) (Nasdaq: AAL) and its subsidiaries American Airlines Inc. and US Airways Inc., including raising the corporate credit ratings on the entities to 'B+' from 'B'. The rating outlook is positive.

At the same time, we raised our ratings on secured and unsecured debt and most enhanced equipment trust certificates (EETCs) by one notch each.

We raised our... (continue reading...)


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Nov 26, 2014 11:42AM UPDATE: S&P Cuts L-T Rating on Molycorp (MCP) to 'Selective Default'
Nov 26, 2014 10:25AM S&P Affirms Ratings, Comments on Aviva plc (AV) Following Move to Acquire Friends Life Group
Nov 25, 2014 02:25PM Moody's Lowers Outlook on RenaissanceRe (RNR) to Negative Following Platinum Underwriters (PTP) Deal
Nov 25, 2014 12:58PM UPDATE: S&P Lowers Outlook on Armstrong World (AWI) to Stable; Sees Lower Sales, EBITDA in FY14, FY15
Nov 25, 2014 12:58PM UPDATE: S&P Lowers Outlook on Armstrong World (AWI) to Stable; Sees Lower Sales, EBITDA in FY14, FY15
Nov 25, 2014 12:13PM Fitch Affirms Cigna's (CI) IDR at 'A-'; Updates on Key Rating Drivers
Nov 25, 2014 11:20AM S&P Affirms Ratings on Boston Scientific (BSX); Business Risk Raised to 'Strong'
Nov 24, 2014 03:36PM S&P Affirms Ratings on RenaissanceRe (RNR); Places Platinum Underwriters (PTP) on CreditWatch Negative
Nov 24, 2014 02:06PM Moody's Rates Perrigo's (PRGO) Latest Notes Offering at 'Baa3'
Nov 24, 2014 12:35PM S&P Removes Breitburn Energy Partners (BBEP) from CreditWatch; Outlook Remains Negative
Nov 24, 2014 11:53AM Moody's Upgrades Seagate (STX) to 'Baa3'
Nov 21, 2014 02:27PM S&P Raises Enbridge Energy Partners (EEP) to 'BBB+'; Reflects Revised Criteria, Support from Parent
Nov 21, 2014 02:16PM Moody's Revises Outlook on Valeant Pharma (VRX) to Stable; Affirms Ratings
Nov 21, 2014 10:49AM S&P Raises L-T Rating on Regions Financial (RF) to 'BBB'; S-T to 'A-2'
Nov 20, 2014 11:54AM S&P Raises Central European Media Enterprises (CETV) to 'B+' (TWX)
Nov 19, 2014 09:07AM S&P Raises CCR on Westmoreland Coal (WLB) to 'B'; Notes Committed Sales Position Over Next Year
Nov 18, 2014 03:33PM S&P Raises Meritor's (MTOR) CCR to 'B+'; Note Firmer Debt Leverage, Expects Credit Measures to Improve
Nov 18, 2014 11:29AM Willbros Group (WG) Ratings Affirmed byS&P; Sees Improving Performance Over Next Several Years
Nov 18, 2014 10:22AM Moody's Sees MBIA (MBI), Assured Guaranty (AGO) Able to Absorb Potential PREPA Losses
Nov 18, 2014 09:45AM Arch Capital Group Ltd (ACGL) Ratings Affirms by S&P
Nov 18, 2014 09:39AM Fitch Sees Macau Gaming Revenue Growth Flat in 2014, Negative in FY15 (MGM) (WYNN) (LVS)
Nov 17, 2014 02:43PM S&P Raises CCR on Huntington Ingalls (HII) to 'BB+'; Profitability, Cash Flow Improving Faster than Expected
Nov 17, 2014 12:10PM Fitch Affirms Ratings on Actavis (ACT) Following Allergan (AGN) Bid
Nov 17, 2014 10:43AM Moody's Lifts Outlook on Alcatel-Lucent (ALU) to Positive; Expects Credit Metrics to Continue Improving
Nov 17, 2014 09:53AM Moody's Sees Procter & Gamble's (PG) Duracell Sale as Credit-Negative Event
Nov 14, 2014 03:38PM Mobile Mini (MINI) Ratings Places on CreditWatch Negative by S&P
Nov 14, 2014 10:40AM American Realty Capital Properties (ARCP) Ratings Remain on CreditWatch Negative - S&P
Nov 13, 2014 02:47PM S&P Assigns Unsolicited 'BB-' Rating to Twitter (TWTR); Sees Ongoing Growth in MAUs, Revenue
Nov 13, 2014 12:52PM Rayonier (RYN) Corp. Rating Lowered to 'BBB-' at S&P
Nov 13, 2014 12:34PM S&P Raises Outlook on Sprouts Farmers Market (SFM) to Positive; Notes Improving Credit Metrics
Nov 12, 2014 10:46AM S&P Upgrades Service Corp (SCI) to 'BB+'; Sees Maintaining Financial Leverage at Appropriate Levels
Nov 11, 2014 02:12PM Moody's Lowers Outlook on North American Manufacturing Sector to Stable
Nov 11, 2014 12:37PM S&P Raises Unsecured Rating on Rosetta Resources (ROSE) to 'BB-'; Outlook Stable
Nov 11, 2014 10:59AM S&P Removes B/E Aerospace (BEAV) from CreditWatch Developing; Affirms Ratings
Nov 10, 2014 03:50PM S&P Lowers Outlook on AT&T (T) to Negative
Nov 10, 2014 11:36AM Moody's Raises SUPERVALU, Inc. (SVU) CFR to 'B1'; Credit Profile Continues Showing Improvement
Nov 7, 2014 10:06AM Genworth Financial (GNW) Declines After S&P Cuts Credit Rating to Junk
Nov 7, 2014 10:01AM S&P Cuts Genworth Financial (GNW) to 'BB+'
Nov 6, 2014 09:59AM Cott Corp. (COT) Ratings Affirmed by Moody's Amid DS Services of America Acquisition News
Nov 5, 2014 03:02PM S&P Assigns 'B' Rating to TIBCO Software (TIBX); Sees Cost-Saving Opportunities, Adequate Liquidity
Nov 5, 2014 11:48AM Moody's Affirms CME Group (CME) at 'Aa3'; Reflects Consistently Strong, Market Leading Position
Nov 5, 2014 11:36AM Cytec Industries (CYT) Unsecured Notes Offering Rated 'BBB-' at S&P
Nov 4, 2014 02:25PM National CineMedia (NCMI) Ratings Places on CreditWatch Negative by S&P
Nov 4, 2014 12:07PM S&P Assigns 'AA+' Rating to Apple's (AAPL) Senior Unsecured Notes Offering
Nov 3, 2014 03:25PM UPDATE: S&P Cuts Avon Products (AVP) to Junk
Nov 3, 2014 03:25PM UPDATE: S&P Cuts Avon Products (AVP) to Junk
Nov 3, 2014 12:45PM S&P Affirms L-T Ratings on Validus Holdings (VR); ERM Being Used Effectively
Nov 3, 2014 12:02PM Lab Corp. (LH) Placed on CreditWatch Negative by S&P; Cites Covance (CVD) Deal
Nov 3, 2014 11:26AM S&P Raises UnitedHealth Group (UNH) to 'A+'; Business Profile Strong vs. Peers
Oct 31, 2014 02:40PM S&P Assigns 'B' Rating to AMAG Pharma (AMAG)
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