Fitch Cuts Peabody Energy's (BTU) Long-Term IDR to 'CC'; Affects ~$8.4B of Obligations Feb 12, 2016 03:09PM

Fitch Ratings has downgraded Peabody Energy Corporation's (Peabody)(NYSE: BTU) long-term Issuer Default Rating (IDR) to 'CC' from 'CCC'. Approximately $8.4 billion in face amount of obligations is affected by today's rating actions. A complete list of rating actions follows at the end of this release.

The downgrade of the IDR reflects Fitch's view that default of some kind appears probable following increased demands on liquidity, negotiations with creditors for a... (continue reading...)


S&P Affirms Ratings on Mylan (MYL) Following Meda AB Acquisition Announcement Feb 12, 2016 08:10AM

Standard & Poor's Ratings Services said it affirmed its 'BBB-' corporate credit rating and all existing issue-level ratings on Mylan N.V. (Nasdaq: MYL). The outlook is stable.

Mylan has announced it is acquiring Sweden-based pharmaceutical maker Meda AB for $9.9 billion, which includes the debt at Meda. The acquisition adds more than $2 billion in annual sales of generic, branded, and over-the-counter drugs to Mylan, strengthens its European franchise, and expands Mylan... (continue reading...)


S&P Lifts Outlook on ViaSat (VSAT) to Positive; Ratings Affirmed Feb 11, 2016 03:58PM

Standard & Poor's Ratings Services said it affirmed its 'B+' corporate credit rating on ViaSat Inc. (Nasdaq: VSAT), and revised the rating outlook to positive from stable.

"The outlook revision reflects the company's good revenue and EBITDA growth through the first nine months of fiscal 2016 relative to our base-case expectations," said Standard & Poor's credit analyst Rose Askinazi.

During this period, revenue and EBITDA improved 5% and 16%, respectively, year over year,... (continue reading...)


Mylan (MYL) Ratings Affirmed by Fitch Amid Meda Deal; Outlook Remains Stable Feb 11, 2016 03:04PM

Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Mylan N.V. (Nasdaq: MYL), and the long-term ratings of its subsidiary Mylan, Inc., at 'BBB-' following the announcement that Mylan will acquire Meda A.B. (Meda) for approximately $9.9 billion. The Rating Outlook is Stable.

Mylan's ratings apply to approximately $7.3 billion of debt outstanding at Dec. 31, 2015. A full list of rating actions follows at the end of this release.

Fitch views the deal as... (continue reading...)


Moody's Affirms Ratings of Mylan (MYL) Amid Meda Acquisition Deal Feb 11, 2016 12:44PM

Moody's Investors Service affirmed the Baa3 senior unsecured ratings of Mylan N.V. and Mylan Inc (Nasdaq: MYL). This follows the announcement that Mylan has made an offer to acquire Meda AB for $9.9 billion in cash and stock. The outlook is stable.

"The acquisition of Meda will meaningfully increase Mylan's leverage -- to around 4.0x debt/EBITDA from around 2.5x." Said Moody's Senior Vice President, Jessica Gladstone. "However, there was substantial cushion built in to... (continue reading...)


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Feb 11, 2016 11:27AM Atlantic Power (AT) Upgraded to 'B+' by S&P; Outlook Stable
Feb 11, 2016 09:23AM S&P Downgrades Navios Maritime Holdings (NM) to 'B+'; Outlook Negative
Feb 10, 2016 03:09PM Fitch Lowers Outlook on HCP, Inc. (HCP) to Negative; Q4 Metrics Consistent, but Weak for Rating
Feb 10, 2016 11:33AM UPDATE: S&P Downgrades Midstates Petroleum (MPOY) to 'CCC-'; Sees Potential for Chapter 11 Filing
Feb 10, 2016 11:05AM S&P Affirms Rationgs on Empire District Electric (EDE) Amid Merger Deal; Outlook to Negative
Feb 10, 2016 08:32AM S&P Downgrades Outerwall (OUTR) to 'BB-' Following Recent Quarterly Results
Feb 9, 2016 03:47PM Fitch Cuts Murphy Oil's (MUR) IDR to 'BB+'; Affects ~$3.34B of Balance Sheet Debt
Feb 9, 2016 02:22PM S&P Downgrades Rayonier Advanced Materials (RYAM) to 'BB-'; Ratings Removed from CreditWatch
Feb 9, 2016 11:58AM S&P Downgrades Chesapeake Energy (CHK) to 'CCC'; Outlook Negative
Feb 9, 2016 11:11AM S&P Takes Ratings Actions on Genworth Financial (GNW), Operating Units; Places on CreditWatch Negative
Feb 8, 2016 05:04PM S&P Upgrades American Campus Communities (ACC) to 'BBB'; Outlook Stable
Feb 8, 2016 03:47PM Brixmor Property Group (BRX) Executive Resignations Have no Impact on Rating, Outlook - Fitch
Feb 8, 2016 03:05PM S&P Downgrades Salem Media Group (SALM) to 'B-'; Debt-Financed Acquisitions Have Increased Leverage
Feb 8, 2016 02:19PM Moody's Places Kohl's Corp.'s (KSS) Senior Unsecured Rating on Review for Downgrade
Feb 8, 2016 12:38PM S&P Downgrades Gaming and Leisure Properties (GLPI) to 'BB'; Outlook Stable
Feb 8, 2016 11:40AM Cameron (CAM) Ratings Affirmed, Remain on CreditWatch Positive Amid Schlumberger Merger - S&P
Feb 8, 2016 09:19AM Viacom's (VIA) Leadership Changes Not Expected to Impact Ratings, Outlook - Moody's
Feb 8, 2016 07:51AM S&P Places Brixmor Property Group (BRX) on CreditWatch Negative Amid Improper Comps Reporting, Exec Departures
Feb 5, 2016 03:31PM Symantec's (SYMC) $5.5B Capital Return Program is Credit-Negative Development - Moody's
Feb 5, 2016 02:29PM CBS Corp. (CBS) Leadership Changes Will Not Affect Rating - Moody's
Feb 5, 2016 11:47AM Fitch Cuts GOL Linhas (GOL) IDRS to 'CCC'; Sees Weakening Results Amid Brazil's Macro Environment
Feb 5, 2016 11:39AM S&P Downgrades Symantec (SYMC) to 'BBB-'; Outlook to Stable on Veritas Sale
Feb 5, 2016 07:45AM S&P Downgrades LINN Energy (LINE) to 'CCC'; Notes Liquidity Concerns
Feb 4, 2016 03:24PM Moody's Lowers Outlook on Methanex (MEOH) to Negative; Ratings Affirmed
Feb 4, 2016 02:20PM S&P Assigns 'BBB-' Rating to Electronic Arts (EA); Outlook Stable
Feb 4, 2016 11:48AM Moody's Places Syngenta (SYT) Ratings on Review for Downgrade Amid ChemChina Deal
Feb 4, 2016 10:36AM S&P Reaffirms Ratings on Lowe's Cos. (LOW) Amid Move to Acquire RONA
Feb 3, 2016 05:24PM Cliffs Natural Resources (CLF) Downgraded to 'Ca' by Moody's; Outlook Negative
Feb 3, 2016 05:23PM Moody's Cuts SFX Entertainment's (SFXE) Probability of Default Rating to 'D-PD' Amid Ch. 11 Filing
Feb 3, 2016 02:54PM S&P Assigns 'BBB' Rating to Brookfield Property Partners L.P. (BPY): Outlook Stable
Feb 3, 2016 11:45AM S&P Lowers Outlook on NewStar Financial (NEWS) to Negative; Leverage Moving Above Tolerance
Feb 3, 2016 11:03AM S&P Downgrades EnLink Midstream Partners (ENLK) to 'BBB-'; Follows Rating Action on Devon (DVN)
Feb 2, 2016 03:02PM UPDATE: S&P Takes Actions on 20 Oil Cos.; Chevron (NYSE: CVX), Hess Corp. (NYSE: HES) Downgraded
Feb 2, 2016 11:33AM S&P Downgrades Lands' End (LE) to 'B' Following Recent Quarterly Results
Feb 2, 2016 09:23AM Abbott's (ABT) Ratings Placed on CreditWatch Negative by S&P Amid Alere (ALR) Deal
Feb 2, 2016 08:40AM AB InBev, SABMiller Deal Unlikely to Alter Competitive Landscape in Europe - Moody's (BUD)
Feb 1, 2016 03:22PM S&P Places Stryker (SYK) Ratings on Review for Downgrade
Feb 1, 2016 03:05PM S&P Downgrades Warren Resources (WRES) to 'D' Amid Missed Interest Payment
Feb 1, 2016 02:49PM S&P Revises Outlook on Kimberly-Clark (KMB) to Negative; Notes High Level of Shareholder Payments
Feb 1, 2016 12:29PM Rio Tinto plc (RIO) Placed on CreditWatch Negative by S&P
Feb 1, 2016 11:31AM Fitch Downgrades Xerox Corp. (XRX) to 'BBB-' Amid Separation Plans
Jan 29, 2016 03:16PM UPDATE: Xerox Corp. (XRX) Cut to 'BBB-' by S&P; May be Dpwngraded Further to Junk
Jan 29, 2016 02:39PM S&P Upgrades SL Green Realty (SLG) to 'BBB-'; Outlook Stable
Jan 29, 2016 02:03PM Moody's Sees Save-A-Lot Spin Weakening SUPERVALU's (SVU) Credit Profile
Jan 29, 2016 12:26PM S&P Cuts Vale S.A. (VALE) to 'BBB-'; Outlook Negative
Jan 29, 2016 11:45AM Moody's Lowers Outlook on Hubbell (HUBB) to Negative; Profits Expected to Continue Weakening
Jan 29, 2016 09:48AM S&P Downgrades Cliffs Natural Resources (CLF) to 'CC' Amid Private Debt Exchange Offer
Jan 29, 2016 08:38AM Xerox Corp. (XRX) Ratings Placed on Review for Downgrade by Moody's Amid Separation Plans
Jan 28, 2016 04:50PM Moody's Cuts Unsecured Ratings of Biomed Realty Trust (BMR) to 'Ba1' Following Review
Jan 28, 2016 02:34PM First Horizon National (FHN) Ratings Affirmed by Fitch Following Periodic Review; Outlook Stable
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