Timken (TKR) Ratings Affirmed by S&P; Outlook Remains Positive Jun 29, 2015 05:22PM

Standard & Poor's Ratings Services affirmed its ratings, including its 'BBB-' corporate credit rating, on Timken (NYSE: TKR). At the same time, we assigned our 'BBB-' issue-level rating to the company's $500 million credit facility due 2020. The company amended and restated the credit agreement on June 19, 2015.

"Our affirmation reflects our view that although Timken's operating results have recently weakened because of currency-related headwinds and lackluster activity... (continue reading...)


S&P Raises Outlook on St. Jude Medical (STJ) to Stable Jun 29, 2015 04:27PM

Standard & Poor's Ratings Services revised its rating outlook on St. Jude Medical (NYSE: STJ) to stable from negative. We affirmed our 'A' corporate credit and unsecured debt ratings and 'A-1' commercial paper rating.

"The outlook revision reflects our increased confidence that the company will maintain adjusted debt leverage between 1.5x and 2x and our expectation that revenue growth will accelerate modestly within the low- to mid-single-digit range on a constant... (continue reading...)


Fitch Downgrades Puerto Rico to 'CC'; May Still be Cut Further Jun 29, 2015 03:28PM

Fitch Ratings has downgraded the Commonwealth of Puerto Rico's general obligation (GO) and related debt ratings to 'CC' from 'B'. The ratings remain on Rating Watch Negative. The complete list of affected credits is included at the end of this release.

The downgrade of the ratings to 'CC', which indicates Fitch's belief that default of some kind appears probable, is based on public comments by the governor supporting the broad debt restructuring strategy included in an... (continue reading...)


Fitch Downgrades Puerto Rico's GO and Related Ratings to 'CC'; Maintains Rating Watch Negative Jun 29, 2015 03:28PM

Fitch Ratings-New York-29 June 2015: Fitch Ratings has downgraded the Commonwealth of Puerto Rico's general obligation (GO) and related debt ratings to 'CC' from 'B'. The ratings remain on Rating Watch Negative. The complete list of affected credits is included at the end of this release.The downgrade of the ratings to 'CC', which indicates Fitch's belief that default of some kind appears probable, is based on public comments by the governor supporting the broad debt... (continue reading...)


Moody's Lifts Central Garden & Pet's (CENT) Corp. Family Rating to 'B1'; Outlook Stable Jun 29, 2015 03:19PM

Moody's Investors Service today upgraded Central Garden & Pet Company's ("Central Garden") Corporate Family Rating to B1 from B2 due to the company's improved operating performance and credit metrics and Moody's view that the improvements will continue in the near to mid-term. This concludes a review for upgrade initiated on June 16, 2015. The outlook is stable.

"The upgrade reflects our view that company's strategy of reducing SKUs and repurposing its advertising... (continue reading...)


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Jun 29, 2015 02:25PM UPDATE: S&P Cuts Greece to 'CCC-'; Outlook Remains Negative (GREK) (NBG)
Jun 29, 2015 02:16PM Pepsi (PEP) Senior Unsecured Debt Rating Raised to 'A' by S&P
Jun 29, 2015 12:19PM Moody's Lifts Outlook on Revlon (REV) to Stable
Jun 29, 2015 12:06PM Fidelity National Financial (FNF) IFS Ratings Raised to 'A-' by Fitch
Jun 26, 2015 12:30PM NN, Inc. (NNBR) Follow-on Stock Offering is Credit-Positive Development - Moody's
Jun 26, 2015 12:04PM Retail Opportunity Investments (ROIC) Ratings Affirms by S&P; Notes Well-Occupied, High-Barrier Shopping Centers
Jun 26, 2015 09:17AM Prolonged Talks Between Greece, Creditors Heightens Key Risks - Fitch (GREK) (NBG)
Jun 25, 2015 03:14PM Delhaize Group (DEG) Placed on CreditWatch Positive by S&P Following Ahold Announcement
Jun 25, 2015 02:34PM Moody's Lowers Outlook on CyrusOne (CONE) to Stable; Sees Operating Leverage at Less than 5.5x
Jun 24, 2015 05:49PM UPDATE: Ocwen Financial (OCN) Outlook Revised to Stable by Fitch; Ratings Affirmed
Jun 24, 2015 03:47PM Wal-mart (WMT) Should Gain More Grocery Market Share with 'Neighborhood Markets' - Moody's
Jun 24, 2015 03:21PM S&P Downgrades Zimmer Holdings (ZMH) to 'BBB'; Notes Leverage Increase on Biomet Deal
Jun 24, 2015 02:18PM Graham Holdings (GHC) Cut to Junk by Moody's; Outlook is Stable
Jun 24, 2015 11:58AM Moody's Sees Priceline Group's (PCLN) High-Growth Rates Slowing as Competition Increases
Jun 23, 2015 12:16PM 3M's (MMM) Acquisition of Capital Safety is Credit-Positive Development - Moody's
Jun 23, 2015 07:58AM S&P Upgrades Halcón Resources (HK) to 'B-'; Sees Further Debt-to-Equity Transactions as Unlikely
Jun 22, 2015 04:56PM S&P Places Williams Cos. (WMB) on CreditWatch Developing
Jun 22, 2015 04:02PM Moody's Downgrades Willbros Group (WG) to 'Caa1,' Outlook Negtive
Jun 22, 2015 02:00PM Moody's Upgrades Caleres (CAL) to 'Ba3'; Notes Lower Lease-Adjusted Debt/EBITDA
Jun 22, 2015 12:32PM Moody's Downgrades Enbridge (ENB), Enbridge Energy Partners (EEP) to 'Baa2'
Jun 22, 2015 11:03AM Anthem (ANTM), Cigna (CI) Placed on CreditWatch Negative by S&P
Jun 19, 2015 12:37PM Moody's Raises Outlook on RR Donnelley (RRD) to Stable; Sees Debt-to-EBITDA Leverage Declining Through mid-2016
Jun 19, 2015 09:22AM S&P Cuts Enbridge (ENB), Affiliates to 'BBB+'; Enbridge Energy Partners (EEP) Downgraded to 'BBB'
Jun 18, 2015 02:51PM S&P Affirms Ratings on Univar (UNVR) Following IPO; Debt Reduction Will Lead to Improved Credit Measures
Jun 18, 2015 01:17PM Fitch Upgrades GM's (GM) and GM Finanical's IDRs to 'BBB-'; Outlook Stable
Jun 18, 2015 12:20PM S&P Cuts Hercules Offshore (HERO) to 'CC' Following Restructuring Support Agreement
Jun 18, 2015 11:50AM Moody's Rates Hologic's (HOLX) $1B Senior Unsecured Notes at 'B1'; Company Still has 'Very Good' Liquidity
Jun 18, 2015 11:07AM S&P Places Hill-Rom Holdings (HRC) Ratings on CreditWatch Negative; Note Significantly Higher Leverage Levels
Jun 17, 2015 03:12PM Moody's Affirms Ratings, Outlook on NiSource (NI) Ahead of Company Split
Jun 17, 2015 03:05PM Danaher (DHR) Remains on CreditWatch Negative at S&P Pending Completion of Pall Corp. Deal
Jun 17, 2015 11:08AM Moody's Places Hill-Rom Holdings' (HRC) Senior Unsecured Rating on Review for Downgrade Following Welch Allyn Announcement
Jun 16, 2015 03:45PM UPDATE: S&P Lifts Outlook on Goldcorp (GG) to Stable; Sees Debt Reduction on Tahoe Stake Sale
Jun 16, 2015 12:24PM S&P Raises Outlook on Cooper Tire (CTB) to Positive; Affirms Ratings
Jun 15, 2015 03:26PM S&P Upgrades Wabtec's (WAB) CCR to 'BBB'; Notes 'Modest' Credit Profile
Jun 15, 2015 12:38PM MagnaChip (MX) Cut to 'CCC+' by S&P; Outlook Negative
Jun 15, 2015 11:38AM Moosy'a Affirms CVS Health's (CVS) 'Baa1' Senior Unsecured Rating Amid Target (TGT) Asset Deal
Jun 15, 2015 11:08AM S&P Affirms 'B-' Corp. Rating on Tesla (TSLA); New $500M Credit Line Should Protect Against Missteps, Inefficiencies
Jun 12, 2015 03:01PM S&P Upgrades American Airlines (AAL) to 'BB-'; Benefits More than Peers from Lower Fuel Prices
Jun 12, 2015 02:34PM S&P Downgrades Avon Products (AVP) Two-Notches to 'B+'; Outlook Stable
Jun 12, 2015 12:21PM S&P Lowers Outlook on the U.K. to Negative from Stable, 'AAA' Rating Affirmed (FXB) (UUP)
Jun 12, 2015 11:56AM S&P Withdraws Ratings on Citrix Systems (CTXS); Cites Lack of Investor Interest
Jun 12, 2015 08:48AM S&P Cuts C&J Energy Services (CJES) to 'B+'; Notes Significantly Increased Leverage
Jun 11, 2015 02:23PM S&P Reaffirms Ratings on Greenbrier Cos. (GBX); Notes Better Profitability, Sustainable Margin Improvement
Jun 10, 2015 05:55PM S&P Affirms United States AA+ Rating; Outlook Stable
Jun 10, 2015 04:36PM UPDATE: S&P Downgrades Greece to 'CCC'; Liquidity Position Continues to Deteriorate (FXE) (GREK)
Jun 10, 2015 12:09PM Johnson Controls' (JCI) Move to Explore Alternatives for Automotive Seating Business is Credit-Positive Event - Moody's
Jun 10, 2015 11:04AM S&P Places HCC Insurance (HCC) Ratings on CreditWatch Negative Following Takeover Announcement
Jun 9, 2015 12:19PM Moody's Cuts Reynolds American (RAI) Senior Unsecured Rating to 'Baa3' Following Lorillard Acquisition Review
Jun 9, 2015 10:04AM Walter Energy (WLT) Corp. Rating Raised to 'CCC-' by S&P; Outlook Negative
Jun 8, 2015 02:10PM S&P Affirms Ratings on Carmike Cinemas (CKEC); Sees Lower, Sustained Leverage in 2015
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