S&P Places Catamaran (CTRX) on CreditWatch Positive Following United HealthCare Deal Mar 30, 2015 03:59PM

Standard & Poor's Ratings Services today placed all of its ratings, including the 'BB+' corporate credit rating, on Catamaran (Nasdaq: CTRX) on CreditWatch with positive implications.

"The CreditWatch placement follows United HealthCare Insurance Co.'s announcement that it intends to acquire Catamaran in a $12.8 billion deal funded by a mix of cash and new debt," said Standard & Poor's credit analyst Shannan Murphy. Pro forma the acquisition and the combination of... (continue reading...)


UnitedHealth Group (UNH) Outlook Lowered to Negative by S&P Following Proposed Catamaran Deal Mar 30, 2015 01:40PM

Standard & Poor's Ratings Services said today that it affirmed its 'A+/A-1' counterparty credit rating on United Health Group Inc. (NYSE: UNH) and its 'AA' long-term counterparty credit and financial strength rating ratings on the group's core operating companies (see list), and revised the outlook to negative from stable.

The outlook revision is driven by the large amount of additional debt (based on the purchase price) that we expect UNH to issue to finance its... (continue reading...)


Moody's Cuts SeaWorld's (SEAS) Revolving, Term Loan B-2 Rating Amid New Debt Structure Mar 26, 2015 02:00PM

Moody's Investors Service (Moody's) downgraded SeaWorld Parks and Entertainment, Inc.'s (SeaWorld)(NYSE: SEAS) existing revolving and term loan B-2 rating to B1 from Ba3 and assigned a B1 rating to the proposed new term loan B-3. The B1 corporate family rating (CFR) was affirmed at B1, but the probability of default rating (PDR) was downgraded to B2-PD from B1-PD. The outlook remains stable.

The use of proceeds of the proposed $280 million term loan B-3 is the repayment... (continue reading...)


Brown-Forman (BF-A) Increased Buyback Plan is Credit-Negative Event - Moody's Mar 26, 2015 12:15PM

Moody's Investors Service said today that Brown-Forman Corporation's announcement that it will increase its share repurchase authorization to allow an additional $1 billion in repurchases through March 24, 2016 is credit negative, but that the company's A1/ Prime-1 ratings and stable outlook will not be affected.


S&P Affirms Precision Castparts (PCP) Ratings; Places 'A-1' S-T Rating on CreditWatch Negative Mar 26, 2015 12:07PM

Standard & Poor's Ratings Services affirmed its 'A-' long-term corporate credit rating on U.S.-based metal components manufacturer Precision Castparts Corp. (NYSE: PCP). The rating outlook is stable.

At the same time, we placed our 'A-1' short-term corporate credit and commercial paper ratings on CreditWatch with negative implications.

"Precision Castparts has above-average profit margins, efficient operations, and leading positions in niche markets for forgings,... (continue reading...)


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Mar 25, 2015 03:22PM Lexmark's (LXK) Acquisition of Kofax (KFX) is Near-Term Credit- Negative Event - Moody's
Mar 25, 2015 03:12PM Select Medical Holdings (SEM) Outlook Lowered to Negative by S&P
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Mar 25, 2015 10:20AM S&P Affirms Ratings on Lexmark (LXK) Following Move to Acqure Kofax (KFX)
Mar 24, 2015 05:15PM S&P Cuts Allegheny Technologies (ATI) to Junk
Mar 24, 2015 03:28PM Moody's Affirms Rovi's (ROVI) CFR, Outlook Remains Negative
Mar 24, 2015 02:23PM S&P Rates Whiting's (WLL) Senior, Convertible Notes; Outlook Remains Negative
Mar 24, 2015 12:27PM Select Medical Holdings (SEM) Placed on Review for Downgrade by Moody's
Mar 24, 2015 12:12PM Mechel OAO (MTL) Ratings Withdrawn by Moody's
Mar 23, 2015 02:18PM Sunoco LP (SUN) Assigned 'BB' Rating by S&P; Outlook Stable
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Mar 23, 2015 10:01AM Ducommun's (DCO) Delayed Financial Statement Filing is Credit-Negative Event - Moody's
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Mar 20, 2015 12:35PM S&P Lowers Outlook on Seadrill Partners (SDLP) to Negative
Mar 20, 2015 12:12PM Prologis (PLD) Ratings Affirmed by S&P; Remains Segment Leader
Mar 20, 2015 10:38AM S&P Cuts Bankrate (RATE) to 'B+'; Management and Governance Outlook Now 'Weak'
Mar 20, 2015 06:20AM China Mobile's (CHL) Ratings Affirmed by Moody's Following FY14 Results
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Mar 19, 2015 04:55PM Bunge Limited (BG) Outlook Raised to Stable by Moody's
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Mar 19, 2015 10:56AM Moody's Raises Outlook on Rice Energy (RICE) to Positive; Production Growth, Proved Reserves Show Strength
Mar 19, 2015 10:08AM S&P Raises Outlook on Rite Aid (RAD) to Positive Amid EnvisionRx Financing Deal
Mar 19, 2015 09:56AM Post Holdings' (POST) Corp. Rating Cut to 'B2' by Moody's
Mar 18, 2015 04:11PM Willbros Group (WG) Ratings Placed on CreditWatch Negative by S&P
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Mar 11, 2015 11:20AM Moody's Affirms Outlook on Qualcomm (QCOM) at Stable; Assigns 'A1' Prime-1 Short-Term Rating
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