S&P Lifts Outlook on Rio Tinto plc (RIO) to Stable; Ratings Affirmed Aug 30, 2016 12:29PM

S&P Global Ratings said it has revised its outlook on global diversified mining company Rio Tinto PLC (NYSE: RIO) to stable from negative.

At the same time, we affirmed our 'A-' long-term corporate credit rating on the company and raised the short-term rating to 'A-1' from 'A-2'.

The outlook change indicates that in our view Rio Tinto's supportive financial flexibility and some improvement in prices will allow the company to generate stronger positive DCF (free cash... (continue reading...)


Fitch Affirms Ratings, Outlook on Waste Management (WM); Says Leading Market Position Bolsters Confidence Aug 30, 2016 08:00AM

Fitch Ratings has affirmed Waste Management, Inc.'s (NYSE: WM) Issuer Default Rating (IDR), senior credit facility and senior unsecured notes at 'BBB'. The Rating Outlook is Stable. The ratings cover approximately $9.5 billion of debt as of June 30, 2016. A full rating list is included at the end of this release.

KEY RATING DRIVERSWM's ratings are supported by its leading market position within the environmental services industry, stable credit metrics and consistent... (continue reading...)


Moody's Lowers Outlook Canadian Solar (CSIQ) to Negative; Ratings Affirmed Aug 30, 2016 07:51AM

Moody's Investors Service has changed to negative from stable the outlook for Canadian Solar Inc.'s (Nasdaq: CSIQ)(CSI) Ba2 corporate family rating.

At the same time, Moody's has affirmed CSI's Ba2 corporate family rating.

RATINGS RATIONALE

"The negative outlook reflects CSI's increased financial leverage and tightened liquidity resulting from the slower than expected monetization of its solar power project assets," says Gerwin Ho, a Moody's Vice President and Senior... (continue reading...)


S&P Places USG Corp. (USG) Ratings on CreditWatch Positive Aug 30, 2016 06:39AM

S&P Global Ratings said it placed its ratings, including the 'BB' corporate credit rating, on USG Corp. (NYSE: USG) on CreditWatch with positive implications.

The CreditWatch listing follows USG's announcement that it has entered into a definitive agreement to sell its building product distribution subsidiary, L&W Supply Corp., to building materials distributor ABC Supply Inc. for total cash consideration of $670 million. The company expects to complete the transaction... (continue reading...)


S&P Lifts Outlook on Vale S.A. (VALE) to Stable; Ratings Affirmed Aug 29, 2016 02:09PM

S&P Global revised its outlook on our global and national scale ratings on Vale S.A. (NYSE: VALE) to stable from negative. We also affirmed our 'BBB-' global scale corporate credit ratings and issue-level ratings on bonds issued through Vale Canada Ltd., Vale Overseas Ltd., and PT Vale Indonesia Tbk. At the same time, we affirmed our 'brAAA' Brazilian national scale ratings on Vale.

We have just revised upwards our price curve assumptions for iron ore, nickel, and gold... (continue reading...)


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Aug 29, 2016 11:20AM Universal Health (UHS) Ratings Affirms by Fitch Amid Recent Review; Outlook Remains Stable
Aug 29, 2016 10:55AM Rackspace (RAX) Ratings Placed Under Review for Downgrade by Moody's Amid M&A Deal
Aug 29, 2016 07:55AM S&P Downgrades Kennametal (KMT) to 'BBB-'; Outlook is Stable
Aug 26, 2016 02:15PM S&P Places Rackspace (RAX) Ratings on CreditWatch Negative
Aug 26, 2016 11:55AM S&P Downgrades PetroQuest Energy (PQ) to 'CC'; Outlook Negative
Aug 26, 2016 08:22AM S&P Lowers Outlook on Berry Plastics Group (BERY) to Stable Amid AEP Industries Deal
Aug 26, 2016 07:08AM Moody's Cuts Pactera Technology (PACT) to 'B2'; Remains on Review for Downgrade
Aug 25, 2016 05:06PM Moody's Lowers Outlook on Signet (SIG) to Negative; Ratings Affirmed
Aug 25, 2016 03:54PM S&P Downgrades Tyco International (TYC) to 'BBB+'; Outlook is Stable
Aug 25, 2016 03:14PM Moody's Downgrades Erickson (EAC) Ratings Two-Notches to 'Caa3'; Outlook Remains Negative
Aug 25, 2016 02:43PM S&P Places AEP Industries (AEPI) Ratings on CreditWatch Positive Amid Merger Agreement
Aug 25, 2016 02:03PM Moody's Places Ratings of Berry Plastics Group (BERY) on Review for Downgrade
Aug 25, 2016 08:05AM S&P Downgrades Rio de Janeiro to 'CCC-'; Outlook is Negative (EWZ)
Aug 24, 2016 11:52AM S&P Lifts Outlook on Isle of Capri Casinos (ISLE) to Positive; Ratings Affirmed
Aug 24, 2016 09:15AM S&P Places Pactera Technology (PACT) Ratings on CreditWatch Developing
Aug 23, 2016 03:33PM S&P Lowers Outlook on Concordia International (CXRX) to Stable; Ratings Affirmed
Aug 23, 2016 02:41PM S&P Upgrades XPO Logistics (XPO) to 'B+'; Outlook is Positive
Aug 23, 2016 11:16AM Moody's Lifts Outlook on Travelport Worldwide (TVPT) to Positive; Ratings Affirmed
Aug 22, 2016 03:55PM Viacom (VIAB) Ratings Affirmed by Fitch Amid Exec Transition
Aug 22, 2016 02:22PM S&P Revises Ratings Watch Implications for CST Brands (CST) to Positive Amid M&A Deal
Aug 22, 2016 02:13PM Moody's Affirms Ratings on Pfizer (PFE) Amid Move to Acquire Medivation (MDVN); Outlook Remains Negative
Aug 22, 2016 12:22PM S&P Upgrades VEREIT (VER) to 'BB+'; Outlook is Positive
Aug 22, 2016 11:58AM S&P Upgraded Brunswick (BC) to 'BBB-'; Outlook Stable
Aug 22, 2016 11:24AM Fitch Corrections Corp. (CXW) on Review for Downgrade
Aug 22, 2016 08:53AM Moody's Says GE's (GE) Plan to Take on $20B in Debt Could Pressure Ratings
Aug 19, 2016 03:43PM S&P Downgrades Corrections Corp. (CXW) to 'BB'; Places Ratings on CreditWatch Negative
Aug 19, 2016 03:28PM S&P Lifts Outlook on Concho Resources (CXO) to Positive; Ratings Affirmed
Aug 19, 2016 02:30PM S&P Places Chesapeake Energy's (CHK) First- and Second-Lien Debt Ratings on CreditWatch Positive
Aug 19, 2016 12:24PM Moody's Upgrades Ply Gem Holdings (PGEM) to 'B1'; Outlook Remains Stable
Aug 19, 2016 11:51AM Moody's Raises Outlook on Barrick Gold (ABX) to Stable; Ratings Affirmed
Aug 19, 2016 10:09AM Moody's Cuts Corrections Corp. (CXW) to 'Ba1'; Outlook Lowered to Negative
Aug 19, 2016 10:08AM Moody's Downgrades GEO Group (GEO) to 'B1'; Outlook Revised to Negative
Aug 18, 2016 03:38PM Vanguard Natural Resources (VNR) Upgraded to 'CCC-' by S&P; Follows Partial Unsecured Notes Exchange
Aug 18, 2016 02:52PM Chesapeake Energy (CHK) Ratings Affirmed by Fitch; Outlook Negative; Offers Expected Rating on $1.5B Term Loan
Aug 18, 2016 02:21PM S&P Downgrades Bonanza Creek Energy (BCEI) to 'D' Amid Missed Interest Payment
Aug 18, 2016 02:08PM S&P Cuts Long-Term Ratings on Cintas Corp. (CTAS) to 'BBB+'; Outlook Stable
Aug 17, 2016 05:14PM Moody's Lifts Outlook on Royal Caribbean Cruises (RCL) to Positive
Aug 17, 2016 04:58PM S&P Upgrades Equinix (EQIX) to 'BB+'; Outlook is Stable
Aug 17, 2016 02:20PM S&P Upgrades CyrusOne (CONE) to 'BB-'; Outlook is Positive
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Aug 17, 2016 07:29AM Moody's Affirms Ratings on Baidu (BIDU) Amid Slower-Growth Q2
Aug 16, 2016 03:36PM S&P Removes Leidos (LDOS) from CreditWatch Negative Amid Completion of Merger with Lockheed's IS&GS
Aug 16, 2016 12:42PM Moody's Places Compass Minerals' (CMP) Ratings Under Review for Downgrade
Aug 16, 2016 11:34AM Fitch Puts Ratings of Arch Capital Group (ACGL) on Watch Negative Amid United Guaranty Deal (AIG)
Aug 16, 2016 10:25AM Moody's Lifts Outlook on ArcelorMittal (MT) to Stable; Ratings Affirmed
Aug 15, 2016 03:46PM S&P Places Xylem (XYL) on Review for Downgrade
Aug 15, 2016 03:07PM S&P Downgrades Chesapeake Energy (CHK) to 'CC'; Outlook is Negative
Aug 15, 2016 02:29PM Moody's Affirms Chesapeake Energy's (CHK) CFR at 'Caa3'; Lifts Outlook on Speculative Grade Liquidity Rating to Positive
Aug 15, 2016 02:27PM Fitch Affirms Republic Services' (RSG) IDRs; Outlook Remains Stable
Aug 15, 2016 12:25PM S&P Downgrades NRG Yield (NYLD) to 'BB'; Outlook is Stable
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