S&P Upgrades American Campus Communities (ACC) to 'BBB'; Outlook Stable Feb 8, 2016 05:04PM

Standard & Poor's Ratings Services raised its corporate credit rating on American Campus Communities Inc. (NYSE: ACC) and its operating partnership, American Campus Communities Operating Partnership L.P. (collectively, ACC) to 'BBB' from 'BBB-'. The outlook is stable. We also raised the issue-level rating on the company's senior unsecured notes to 'BBB' from 'BBB-'.

"The upgrade acknowledges ACC's improved credit metrics following its recent equity issuance that resulted... (continue reading...)


Brixmor Property Group (BRX) Executive Resignations Have no Impact on Rating, Outlook - Fitch Feb 8, 2016 03:47PM

Fitch Ratings does not anticipate changing its Rating and/or Outlook for Brixmor Property Group, Inc. (NYSE: BRX) and its operating subsidiaries Brixmor Operating Partnership, L.P. and Brixmor LLC (collectively, "Brixmor" or "the company") following today's resignations of the company's Chief Executive Officer, Chief Financial Officer, Chief Accounting Officer and another accounting executive.

The management changes follow a board investigation that concluded that... (continue reading...)


S&P Downgrades Salem Media Group (SALM) to 'B-'; Debt-Financed Acquisitions Have Increased Leverage Feb 8, 2016 03:05PM

Standard & Poor's Ratings Services said that it lowered its corporate credit rating on Salem Media Group Inc. (Nasdaq: SALM) to 'B-' from 'B'. The rating outlook is negative.

At the same time, we lowered our issue-level rating on the company's senior secured term loan to 'B-' from 'B', based on our notching criteria. The '3' recovery rating is unchanged, indicating our expectation for meaningful recovery (50%-70%; upper half of the range) of principal in the event of a... (continue reading...)


Moody's Places Kohl's Corp.'s (KSS) Senior Unsecured Rating on Review for Downgrade Feb 8, 2016 02:19PM

Moody's Investors Service placed Kohl's Corporation's (NYSE: KSS) Baa1 senior unsecured rating for review for downgrade.

The review for downgrade acknowledges Kohl's persistent declines in earnings which started in 2011 and shows no signs of abating. The review also considers the company's expected fourth quarter of fiscal 2015 earnings and its recent downward earnings revision. The company now expects full year fiscal 2015 earnings per share to be in the range of... (continue reading...)


S&P Downgrades Gaming and Leisure Properties (GLPI) to 'BB'; Outlook Stable Feb 8, 2016 12:38PM

Standard & Poor's Ratings Services today said it lowered its corporate credit rating on Gaming & Leisure Properties Inc. (Nasdaq: GLPI) to 'BB' from 'BB+' and removed the rating from CreditWatch, where we had placed it with negative implications on March 10, 2015. The outlook is stable.

At the same time, we lowered our issue-level ratings on GLPI's unsecured debt by one notch to 'BB+' from 'BBB-' and removed them from CreditWatch The recovery rating remains '2',... (continue reading...)


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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
Jan 28, 2016 12:35PM S&P Upgrades Cheniere Energy (LNG) to 'BB-'; Notes Improved Business Risk Profile
Jan 28, 2016 11:10AM S&P Starts Shire plc (SHPG) at 'BBB-'; Outlook Stable
Jan 27, 2016 05:17PM S&P Downgrades CSI Compressco LP (CCLP) to 'B-'; Notes Continued Pressure on Nat Gas Prices
Jan 27, 2016 02:16PM Newell's (NWL) Acquisition of Jarden (JAH) Poses High Integration Risks, Increased Leverage - Moody's
Jan 27, 2016 11:57AM S&P Lowers Outlook on Legg Mason (LM) to Stable; Now Sees Leverage Increasing
Jan 27, 2016 10:09AM S&P Downgrades Nord Anglia Education (NORD) to 'B'; Sees Leverage Remaining High in Near Term
Jan 26, 2016 04:57PM S&P Places Leidos (LDOS) on Watch for Possible Downgrade (LMT)
Jan 26, 2016 04:49PM S&P Downgrades TSYS (TSS) to 'BBB-' Amid TransFirst Deal
Jan 26, 2016 03:41PM S&P Lowers Outlook on Parkway Properties (PKY) to Negative; Notes Limited Scale, Geographical Concentration
Jan 26, 2016 12:32PM Fitch Lowers Outlook on AIG (AIG) to Stable; Notes $3.6B Pretax Charge
Jan 26, 2016 11:58AM Fitch Affirms Ratings of TE Connectivity (TEL) Following Recent Q1 Results
Jan 26, 2016 11:14AM S&P Lowers Outlook on Enable Midstream Partners (ENBL) to Negative; Notes Pressured Hydrocarbon Prices
Jan 25, 2016 05:38PM Chesapeake Energy (CHK) Cut to CCC+ from B at S&P; Outlook Negative
Jan 25, 2016 04:55PM S&P Lifts Outlook on Mallinckrodt (MNK) to Positive; Sees Leverage Improving in 2016
Jan 25, 2016 03:36PM Fitch Downgrades Weatherford (WFT) to Junk
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