Hospira (HSP) Ratings Boosted by S&P Following Completion of Pfizer (PFE) Deal Sep 4, 2015 02:55PM

Standard & Poor's Ratings Services raised all its ratings on Hospira (NYSE: HSP), including the corporate credit rating to 'AA-' from 'BBB-'. At the same time, we removed the ratings from CreditWatch, where we placed them with negative implications on Feb. 5, 2015. The outlook is stable.

"Our upgrade on Hospira reflects the company's acquisition by Pfizer Inc. [AA/Stable/A-1+]," said Standard & Poor's credit analyst Tulip Lim. Given our view that Hospira is a "highly... (continue reading...)


S&P Upgrades Isle of Capri Casinos (ISLE) to 'B+'; YTD EBITDA Growth Exceeding Expectations Sep 4, 2015 02:38PM

Standard & Poor's Ratings Services said it raised its corporate credit rating on St. Louis-based Isle of Capri Casinos Inc. (Nasdaq: ISLE) to 'B+' from 'B'. The rating outlook is stable.

At the same time, we raised all issue-level ratings one notch in conjunction with the upgrade of the company.

"The upgrade reflects EBITDA growth so far in calendar 2015 that exceeds our previous expectations due to revenue growth across most of Isle's portfolio, efficient marketing... (continue reading...)


S&P Raises Outlook on Universal Corp. (UVV) to Stable; Sees Oversupply Conditions Near Trough Levels Sep 4, 2015 11:35AM

-Standard & Poor's Ratings Services said it affirmed its ratings on Universal Corp. (NYSE: UVV), including its 'BBB-' corporate credit rating, and revised the outlook to stable from negative.

Debt outstanding as of June 30, 2015, was $457 million.

"The stable outlook reflects our view that industry oversupply conditions are likely near trough levels and should correct over the next 12-24 months," said Standard & Poor's credit analyst Gerald Phelan.

"This should enable... (continue reading...)


Fitch Affirms Ratings on Hillenbrand (HI) Amid Move to Acquire ABEL Pumps Sep 4, 2015 10:40AM

Fitch Ratings has affirmed its Issuer Default Rating (IDR) for Hillenbrand, Inc. (NYSE: HI) (HI) at 'BBB-' following its announcement that it has agreed to acquire ABEL Pumps LP (ABEL) from Roper Technologies for EUR95 million. Fitch has also affirmed HI's senior unsecured credit facility (revolver and term loan) and senior unsecured notes at 'BBB-'. The Rating Outlook is Stable. $530 million of debt was outstanding as of June 30, 2015. A full list of rating actions... (continue reading...)


S&P Lowers Outlook on Freeport-McMoran (FCX) to Negative; Sees Elevated adj.-Debt-to-EBITDA Sep 4, 2015 09:03AM

Standard & Poor's Ratings Services said today it affirmed its 'BBB-' corporate credit rating on Freeport-McMoran (NYSE: FCX). At the same time, we revised the outlook from stable to negative.

The outlook revision to negative from stable reflects our expectation that adjusted debt (including more than $3 billion in pension and asset retirement obligations) to EBITDA will be above 4.5x at the end of 2015. This is driven in large part by falling commodity... (continue reading...)


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Sep 3, 2015 02:52PM Humana (HUM) Ratings Affirmed by Fitch Following Review
Sep 3, 2015 12:31PM B&G Foods (BGS) Ratings Placed on CreditWatch Negative by S&P
Sep 3, 2015 11:32AM S&P Downgrades Owens-Illinois (OI) to 'BB', Outlook Stable
Sep 2, 2015 03:56PM Moody's Cuts Michael Baker Corp. (BKR) to 'B3'; Notes Weak Liquidity, Low FCF Generation, Interest Coverage
Sep 2, 2015 03:51PM Six Flags (SIX), Cedar Fair (FUN) Poised for Sixth-Straight Year of Revenue Growth - Moody's
Sep 2, 2015 03:34PM Computer Sciences (CSC) Ratings Unaffected by CSGov, SRA Combination - Fitch
Sep 2, 2015 03:28PM S&P Cuts Goodrich Petroleum (GDP) to 'SD' Following Unsecured Conv. Notes Agreement
Sep 2, 2015 11:27AM S&P Lifts Outlook on H&R Block (HRB) to Stable
Sep 2, 2015 07:03AM Puerto Rico's PREPA reaches deal with bondholder group
Sep 1, 2015 05:22PM SFX Entertainment (SFXE) Says Credit Downgrade Caused Short-Term Disruption, Confirms Indications of Interest
Sep 1, 2015 04:39PM Tronox (TROX) Comments on S&P Rating Downgrade
Sep 1, 2015 04:38PM Tronox (TROX) Comments on S&P Rating Change; Expects Bump Higher in Interest Cost
Sep 1, 2015 11:20AM S&P Lowers Outlook on Fairway Group (FWM) to Negaitve; Operating Results Remain Weak
Aug 31, 2015 05:26PM Exelon Corp. (EXC), Pepco (POM) Ratings Affirmed by Moody's; Pepco Outlook to Positive
Aug 31, 2015 04:42PM Devon Energy (DVN) Ratings Affirmed by Fitch
Aug 31, 2015 04:27PM CVR Refining (CVRR) Upgraded to 'BB-' by S&P
Aug 31, 2015 04:04PM S&P Downgrades Danaher (DHR) to 'A'; Outlook Stable
Aug 31, 2015 03:13PM Moody's Sees no Impact on HealthSouth (HLS) Ratings Amid CareSouth Acquisition Announcement
Aug 31, 2015 02:18PM S&P Cuts IAMGOLD Corp. (IAG) to 'B'; Sees Highly-Leveraged Financial Risk Profile
Aug 28, 2015 02:09PM S&P Lowers Outlook on Valmont Industries (VMI) to Negative; Sees Persistent Headwinds Over Next ~2 Years
Aug 28, 2015 11:54AM S&P Affirms Ratings on Phoenix Cos. (PNX); Sees Continuing to Strengthen Weak Financial Profile
Aug 28, 2015 11:29AM CRH plc (CRH) Ratings Affirmed by Fitch Following Plans to Acquire C.R. Laurence
Aug 28, 2015 11:20AM Moody's Downgrades ADP's (ADP) Issuer Rating to 'Aa3'; Outlook Stable
Aug 28, 2015 11:14AM S&P Cuts Halcón Resources (HK) to 'SD' Following Debt Exchange Deal
Aug 27, 2015 05:17PM S&P Affirms Ratings on World Acceptance (WRLD) Following NORA Letter
Aug 27, 2015 02:32PM S&P Downgrades SFX Entertainment (SFXE) to 'CCC'; Liquidity, Cash Flow Primary Keys to Rating
Aug 27, 2015 10:52AM Fitch Raises J.C. Penney (JCP) IDRs to 'B-'; Outlook Stable
Aug 27, 2015 10:15AM Best Buy (BBY) IDR Upgraded to Investment Grade by Fitch
Aug 26, 2015 04:42PM Moody's Places Cameron (CAM) on Review for Upgrade (SLB)
Aug 26, 2015 12:38PM S&P Downgrades Triumph Group (TGI) to 'BB'; Outlook Negative
Aug 26, 2015 11:23AM Hubbell (HUB-A) Outlook Revised to Negative by S&P
Aug 25, 2015 12:35PM Greif (GEF) CFR Downgraded to 'Ba2' by Moody's
Aug 25, 2015 12:15PM S&P Lowers Outlook on United Technologies (UTX) to Negative; May Downgrade if Balance Sheet Doesn't Improve
Aug 25, 2015 11:41AM Moody's Affirms Ratings, Outlook on Science Applications Int'l (SAIC) Following Review
Aug 25, 2015 09:37AM S&P Downgrades GOL Linhas Aereas Inteligentes SA (GOL) to 'B-'; Outlook Stable
Aug 24, 2015 04:57PM S&P Lowers Outlook on Southern Co. (SO) to Negative Amid Plans to Acquire AGL
Aug 24, 2015 04:42PM Southern Co. (SO) Places on Watch Negative by Fitch Following AGL Resources Acquisition Announcement
Aug 24, 2015 04:14PM S&P Afirms Global Scale, Brazil National Scale Ratings on Gerdau SA (GGB)
Aug 24, 2015 02:19PM Moody's Lifts Outlook on Newell Rubbermaid (NWL) to Positive; Ratings Affirmed
Aug 24, 2015 02:04PM Solera Holdings (SLH) Placed on CreditWatch Negative by S&P Amid Plans for Strategic Review
Aug 24, 2015 11:21AM Moody's Upgrades Best Buy (BBY) to 'Baa1'; Notes Changes to Capitalizing Operating Leases Approach
Aug 21, 2015 02:21PM S&P Downgrades Gulfmark Offshore (GLF) to 'B-'; Outlook Stable
Aug 21, 2015 11:34AM S&P Downgrades Wesco Aircraft (WAIR) to 'B+'; Poor Earnings Tighten Leverage Covenants on Revolving Facility
Aug 21, 2015 09:05AM Coated Paper, Pulp Production Capacity Reduction Will Further Weaken Verso Paper's (VRS) Liquidity - Moody's
Aug 20, 2015 03:39PM S&P Upgraded Middlesex Water (MSEX) to 'A'; Follows Recent Increase in Water Base Rates
Aug 20, 2015 12:32PM S&P Upgrades Gulfport Energy (GPOR) to 'B+'; Notes Ability to Meet Public Guidance
Aug 20, 2015 12:07PM Moody's Sees Valeant Pharma's (VRX) Sprout Acquisition as Credit-Negative Event
Aug 20, 2015 11:18AM S&P Upgrades Synovus Financial (SNV) to 'BB+'; Outlook Stable
Aug 20, 2015 09:57AM S&P Affirms Ratings on Mondelez Int'l (MDLZ) Following Spin of Coffee Business
Aug 19, 2015 11:32AM S&P Revises Business Risk Profile on PGT, Inc. (PGT) to 'Weak'; Affirms Ratings
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