Fitch Affirms Ratings on Thermo Fisher (TMO) Amid Move to Acquire FEI Co. (FEIC) May 27, 2016 12:35PM

The acquisition of FEI Company (Nasdaq: FEIC) by Thermo Fisher Scientific Inc. (NYSE: TMO) for approximately $4.2 billion (net of cash acquired) is in line with Fitch Ratings' expectations. Fitch has reviewed the transaction but is taking no ratings actions.

The acquisition appears to be strategically sound as FEIC's high-end electron microscopes broaden Thermo Fisher's offerings in its analytical instruments segment and present de minimus overlap with Thermo Fisher's... (continue reading...)


S&P Lowers Outlook on Ferrellgas Partners (FGP) to Negative; Ratings Affirmed May 27, 2016 11:33AM

S&P Global Ratings affirmed its 'B+' corporate credit rating on Ferrellgas Partners L.P. (NYSE: FGP) and revised the outlook to negative from stable. We also affirmed our 'B-' rating on the company's senior unsecured debt. The '6' recovery rating on this debt is unchanged, and indicates expectations for negligible recovery (0%-10%) if a payment default occurs.

At the same time, affirmed our 'B+' corporate credit rating on Ferrellgas L.P. and revised the outlook to... (continue reading...)


S&P Revises Assessment of Viacom's (VIAB) Management and Governance to 'Fair'; Outlook Remains Stable May 27, 2016 10:56AM

S&P Global Ratings said it revised its assessment of Viacom Inc.'s (Nasdaq: VIAB) management and governance to fair from satisfactory. At the same time, we affirmed our ratings on Viacom, including the 'BBB-' corporate credit rating. The outlook remains stable.

"In our opinion, by litigating against the Redstone Trust trustees, the company's most senior management representative and a director are not serving and fulfilling their obligations to all of the company's... (continue reading...)


Time (TIME) Downgraded to 'BB-' by S&P; Outlook is Stable May 27, 2016 08:42AM

S&P Global Ratings said it lowered its corporate credit rating on Time Inc. (NYSE: TIME) to 'BB-' from 'BB'. The outlook is stable.

At the same time, we lowered the issue-level rating on the company's senior secured credit facility to 'BB+' from 'BBB-'. The recovery rating on this debt remains '1', indicating our expectation for very high (90% to 100%) recovery in the event of a payment default. We also lowered the issue-level rating on its senior unsecured notes to... (continue reading...)


Fitch Affirms Ratings, Outlook on Computer Sciences (CSC) Amid HP Enterprise Deal May 26, 2016 02:47PM

Fitch Ratings has affirmed the ratings for Computer Sciences Corporation (NYSE: CSC), including the 'BBB' Long-Term Issuer Default Ratings (IDR), on its plan to merge with Hewlett Packard Enterprise's (HPE) information technology (IT) services segment, Enterprise Services (ES). Fitch's actions affect $5.1 billion of total debt, including the undrawn $2.5 billion revolving credit facility (RCF). The Rating Outlook is Stable. A full list of ratings follows at the end of... (continue reading...)


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May 26, 2016 11:50AM S&P Places CBL & Assoc. Properties (CBL) on CreditWatch Negative; Ratings Affirmed
May 25, 2016 02:30PM S&P Lowers Outlook on M.D.C. Holdings (MDC) to Negative; Affirms Corp. Rating
May 25, 2016 12:56PM Moody's Continues Review of FirstMerit (FMER) for Downgrade; Outlook Remains Stable
May 25, 2016 12:33PM S&P Places Computer Sciences (CSC) Ratings on CreditWatch Negative Amid Hewlett-Packard Deal
May 25, 2016 12:22PM TransDigm Group (TDG) Ratings, Outlook Affirmed by S&P Amid Recent M&A News
May 25, 2016 09:09AM S&P Affirms Ratings on Hewlett Packard Enterprise (HPE) Amid ES Business Spin-off Plans (CSC)
May 24, 2016 03:02PM PVH Corp. (PVH) Ratings Affirmed by S&P Ahead of Q1 Report
May 24, 2016 12:07PM S&P Removes CF Industries (CF) from CreditWatch Negative; Affirms Ratings
May 24, 2016 11:37AM Moody's Lifts Outlook on Akorn (AKRX) to Positive; Ratings Affirmed
May 23, 2016 02:58PM Ares Capital (ARCC) Ratings Affirmed by Fitch Amid Move to Acquire American Capital
May 23, 2016 02:41PM S&P Please American Capital (ACAS) Ratings on CreditWatch Positive Following M&A Deal
May 23, 2016 11:19AM S&P Affirms Outlook on Columbia Pipeline (CPGX); Financial Risk Profile Revised to 'Significant'
May 20, 2016 03:27PM S&P Downgrades Spanish Broadcast (SBSA) to 'CCC'; Outlook Negative
May 20, 2016 02:24PM Moody's Downgrades MBIA Insurance Corp.'s (MBI) IF3 Rating to 'Caa1'; Outlook Negative
May 20, 2016 11:22AM S&P Upgrades Akorn (AKRX) to 'B+'; Notes Progress Made in Remediating Material Weaknesses
May 20, 2016 06:37AM S&P Downgrades Gap, Inc. (GPS) to 'BB+'; Outlook Stable
May 19, 2016 04:44PM Fitch Upgrades Delta Air Lines (DAL) to 'BBB-'; Outlook is Stable
May 19, 2016 02:15PM S&P Affirms Ratings, Outlook on Nokia (NOK); Sees Alcatel Integration Progressing Smoothly
May 19, 2016 12:40PM Monsanto (MON), Bayer Combo Makes Sense, but Monsanto Can Also Go it Alone - Fitch
May 19, 2016 11:46AM ITT Corp. (ITT) Ratings Withdrawn by Fitch Following Reorganization
May 19, 2016 11:04AM S&P Assigns 'B-' Rating to Gogo (GOGO); Outlook is Negative
May 18, 2016 02:25PM HSBC Holdings (HSBC) Ratings Affirmed by S&P; Outlook Remains 'Stable'
May 18, 2016 11:52AM Moody's Lifts Outlook on Cardinal Health (CAH) to Positive; Ratings Affirmed
May 17, 2016 03:49PM S&P Upgrades Activision Blizzard (ATVI) to 'BBB-'; Outlook Remains Stable
May 17, 2016 02:58PM S&P Affirms Range Resources (RRC) at 'BB+' Following Move to Acquire Memorial Resource (MRD)
May 17, 2016 01:28PM S&P cuts Icahn Enterprises rating to junk, outlook stable
May 17, 2016 12:58PM Moody's Upgrades Hilton Worldwide (HLT) to 'Ba2'; Outlook is Stable
May 17, 2016 12:35PM UPDATE: S&P Cuts Icahn Enterprises L.P. (IEP) to Junk
May 17, 2016 12:32PM S&P Downgrades Stone Energy (SGY) to 'D' Following Missed Interest Payment
May 17, 2016 11:59AM S&P Upgrades ITT Corp. (ITT) to 'BBB'; Outlook is Stable
May 16, 2016 02:31PM Moody's Lifts Outlook on SM Energy (SM) to Stable; Corp. Rating Affirmed
May 16, 2016 02:24PM S&P Cuts Allegheny Technologies (ATI) to 'B'; Notes Business Risk Profile Deterioration
May 16, 2016 12:10PM Fitch Upgrades Charter (CHTR) Ratings, Downgrades Time Warner Cable (TWC) Ratings
May 13, 2016 02:55PM S&P Downgrades Northern Oil And Gas (NOG) to 'CCC+'; Outlook is Negative
May 13, 2016 02:51PM S&P Assigns Rating to Abacus Innovations; Affirms Leidos (LDOS) at CreditWatch Negative
May 13, 2016 11:35AM Fitch Lifts Outlook on Scripps Networks (SNI) to Stable; Issuer Default Rating Affirmed
May 13, 2016 11:10AM S&P Revises Outlook on Ferro Corp. (FOE) to Developing; Ratings Affirmed
May 13, 2016 09:38AM Moodys Lowers Outlook on Baidu.com (BIDU) to Stable; Affirms Ratings
May 12, 2016 03:48PM Moody's Cuts LINN Energy's (LINE) Probability of Default Rating to 'D-PD'; Outlook is Negative
May 12, 2016 02:15PM S&P Downgrades Fossil Group (FOSL) Corp. Rating to Junk; Outlook Stable
May 12, 2016 12:09PM S&P Upgrades Level 3 Communications (LVLT) to 'BB'; Outlook Stable
May 12, 2016 07:29AM S&P Downgrades Cenevo, Inc. (CVO) to 'CC'; Outlook Remains Negative
May 11, 2016 02:16PM Moody's Upgrades Ryerson Inc. (RYI) to 'B3'; Notes Substantial Credit Profile Improvement
May 11, 2016 12:16PM S&P Revises Outlook on Akorn (AKRX) to Developing; Corp. Rating Affirmed
May 11, 2016 11:29AM Entercom Communications (ETM) Upgraded to 'B1' by Moody's; Outlook Stable
May 11, 2016 09:23AM Fitch Cuts Gap, Inc. (GPS) to Junk Status
May 11, 2016 08:36AM S&P Lowers Outlook on Endo Int'l (ENDP) to Negative; Ratings Affirmed
May 10, 2016 03:28PM S&P Affirms Ratings on Mondelez Int'l (MDLZ); Outlook Raised to Stable
May 10, 2016 02:45PM Barclays plc (BCS) Ratings Affirmed by Moody's; Outlook Remains Stable
May 10, 2016 12:53PM Moody's Sees Dean Foods' (DF) Acquisition of Friendly's Assets as Credit-Positive Move
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