S&P Assigns 'B' Corp. Rating to Sucampo Pharma (SCMP); Reflects Reliance on Single Product Oct 2, 2015 02:06PM

Standard & Poor's Ratings Services assigned its 'B' corporate credit rating to Sucampo Pharmaceuticals Inc. (NASDAQ: SCMP). The rating outlook is stable.

At the same time, we assigned our 'B' issue-level rating and '3' recovery rating to the proposed first-lien credit term loan. The '3' recovery rating reflects our expectation for meaningful (50% to 70%, at the high end of the range) recovery in the event of a payment default.

"The 'B' corporate credit rating on specialty... (continue reading...)

Spain Upgraded to 'BBB+' by S&P; Outlook Stable (FXE) Oct 2, 2015 11:43AM

(Updated - October 2, 2015 11:43 AM EDT)


On Oct. 2, 2015, Standard & Poor's Ratings Services raised its long-term sovereign credit rating on the Kingdom of Spain to 'BBB+' from 'BBB'. The outlook is stable.

At the same time, we affirmed our 'A-2' short-term sovereign credit rating on Spain.


The upgrade reflects our view of Spain's strong, balanced economic performance over the past four years, which is gradually benefiting public finances. We now... (continue reading...)

Moody's Downgrades Concordia Healthcare (CXRX) to 'B3' Amid Pending Amdipharm Mercury Deal Oct 1, 2015 02:50PM

Moody's Investors Service downgraded the ratings of Concordia Healthcare Corp. (Nasdaq: CXRX)(Concordia) in conjunction with its pending acquisition of Amdipharm Mercury Limited (affiliate of Amdipharm Mercury Debtco Ltd, rated B3). Moody's downgraded the Corporate Family Rating to B3 from B2, the Probability of Default Rating to B3-PD from B2-PD, the senior secured rating to B1 from Ba2 and the senior unsecured rating to Caa2 from B3. Moody's also affirmed the SGL-2... (continue reading...)

Fitch Raises Outlook on Forest City Enterprises (FCE-A) to Positive; Deleveraging has Been Significant Oct 1, 2015 02:05PM

Fitch Ratings has revised the Rating Outlook for Forest City Enterprises, Inc. (NYSE: FCE-A)(NYSE: FCE-B) to Positive from Stable. Fitch has also assigned ratings to the newly formed Forest City Realty Trust, upgraded the secured bank revolving credit facility to 'BB', and assigned Recovery Ratings as detailed at the end of the release.

KEY RATING DRIVERSThe Positive Outlook reflects Fitch's expectation that while Forest City's expected real estate investment trust... (continue reading...)

S&P Cuts Dex Media (DXM) to 'SD' Following Failure to Make Notes Interest Payment Oct 1, 2015 12:41PM

Standard & Poor's Ratings Services said that it lowered its corporate credit rating on Dex Media Inc. (NASDAQ: DXM) to 'SD' (selective default) from 'CCC+'. At the same time, we lowered our issue-level rating on the company's subordinated notes due 2017 to 'D' from 'CCC-'. The '6' recovery rating on the subordinated notes is unchanged, indicating our expectation for negligible recovery (0%-10%) of principal in the event of a payment default.

Additionally, we lowered our... (continue reading...)

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Oct 1, 2015 12:08PM GTT Communications (GTT) Assigned 'B+' Corp. Rating by Moody's
Oct 1, 2015 11:29AM Moody's Affirms Negative Outlook on N.A. Coal Amid Lower Consumption, Prices (BTU) (ACI) (WLB)
Oct 1, 2015 11:05AM S&P Assigns 'B' L-T Corp. Rating to SunOpta (STKL); Views Financial Risk Profile as 'Aggressive'
Sep 30, 2015 04:57PM Fitch Affirms Arch Coal's (ACI) IDR at 'C'; Three Other Ratings Cut
Sep 30, 2015 03:42PM Fitch Places Alcoa (AA) Rating on Watch Positive on Company Separation Plans
Sep 30, 2015 11:36AM CNOOC Ltd. (CEO) Long-Term Rating Affirmed by S&P; Crude Prices Seen Offset on Discretionary Expansion, Vertical Integration
Sep 30, 2015 11:07AM Moody's Assigns 'Baa2' Rating to Hewlett Packard Enterprise (HPE) Ahead of HP Spin-off
Sep 29, 2015 05:15PM S&P Raises Outlook on Reynolds American (RAI) to Positive
Sep 29, 2015 03:09PM Moody's Places Kraton (KRA) on Review for Downgrade Amid Move to Acquire Arizona Chemical
Sep 29, 2015 03:05PM Vale's (VALE) Dividend Cut Highlights Financial Flexibility - Fitch
Sep 29, 2015 08:21AM S&P Downgrades California Resources (CRC) to 'BB-'; Financial Risk Profile Moved to 'Highly Leveraged'
Sep 28, 2015 04:39PM S&P Places Energy Transfer Equity (ETE) on CreditWatch Positive Amid Williams (WMB) Deal
Sep 28, 2015 03:15PM S&P Affirms Ratings on Unisys Corp. (UIS); Sees Continuing to Seek Financing Amid Restructuring Plans
Sep 28, 2015 11:15AM Moody's Sees Sotheby's (BID) Move to Increase Lending as Potential Credit Risk
Sep 24, 2015 03:28PM Elizabeth Arden (RDEN) Cut to 'CCC+' by S&P; Sees Capital Structure as 'Unsustainable'
Sep 24, 2015 02:21PM S&P Assigns 'BBB' Corp. Rating to Mylan (MYL); Places on CreditWatch Negative
Sep 24, 2015 11:43AM Moody's Lowers Outlook on Volkswagen AG (VLKAY) to Negative Amid EPA Investigation
Sep 24, 2015 10:42AM S&P Upgrades Big Lots (BIG) to 'BBB'; Follows Wind-Down of Canadian Operations
Sep 24, 2015 09:42AM S&P Assigns 'BB' L-T Rating to Canadian Solar (CSIQ); Outlook Stable
Sep 24, 2015 08:29AM S&P Plances Volkswagen AG (VLKAY) Ratings on CreditWatch Negative
Sep 23, 2015 02:58PM Moody's Lifts Outlook on General Cable (BGC) to Stable; Notes Improvement in Credit Metrics Over Last Year
Sep 23, 2015 11:54AM S&P Affirms Corp. Rating on Suncoke Energy Partners (SXCP); Sees Maintaining Debt Leverage, Adequate Liquidity
Sep 23, 2015 10:39AM S&P Affirms Ratings of Suncoke Energy (SXC); Remains Rated Under GP Due to Upstream MLP Reliance
Sep 23, 2015 09:45AM Fitch Places Volkswagen AG (VLKAY) on Watch for Ratings Cut
Sep 22, 2015 04:50PM S&P Upgrades Omega Healthcare Investors (OHI) Corp. Credit Rating to 'BBB-'; Outlook Stable
Sep 22, 2015 03:24PM S&P Affirms Ratings on Ashland (ASH) Amid Split Plans; Outlook Lowered to Negative
Sep 22, 2015 09:24AM S&P Affirms Ratings on Martin Midstream Partners (MMLP); Risk Profile Revised to 'Higly Leveraged'
Sep 21, 2015 03:23PM S&P Lowers Outlook on U.S. Silica (SLCA) to Negative; Sees Weakening Credit Measures on Lower Frac Demand
Sep 21, 2015 01:59PM S&P Assigns 'B+' Rating to Greatbatch (GB); Outlook Stable
Sep 21, 2015 12:05PM Moody's Downgrades United Technologies' (UTX) Senior Unsecured Rating to 'A3'; Outlook Stable
Sep 21, 2015 11:46AM Greek Election Credit-Neutral; Risks to Third Bailout Implementation Slightly Reduced - Fitch (GREK) (FXE)
Sep 21, 2015 10:59AM McKesson's (MCK) UDG Healthcare Deal Underscores Global Healthcare Distribution Consolidation - Fitch
Sep 21, 2015 09:48AM S&P Downgrades Unisys Corp. (UIS) to 'B+'; Outlook Negative
Sep 18, 2015 04:37PM Moody's Downgrades France's Government Bond Ratings to Aa2 from Aa1; Outlook Changed to Stable from Negative
Sep 18, 2015 03:26PM Air Products (APD) Ratings Affirmed by Moody's Following Materials Technology Spin Plans
Sep 18, 2015 02:04PM S&P Downgrades United Technologies (UTX) to 'A-'; Buybacks May Weaken Credit Metrics
Sep 18, 2015 12:10PM Moody's Upgrades Isle of Capri's (ISLE) Corp. Family Rating to 'B1'; Sees Operating Improvement as Sustainable
Sep 18, 2015 11:07AM S&P Cuts Breitburn Energy Partners (BBEP) to 'B'; Sees Leverage Increasing Past Expectations
Sep 17, 2015 03:09PM S&P Downgrades Paragon Offshore (PGN) to 'CCC-' Following Plans to Explore Restructuring Options
Sep 17, 2015 10:55AM S&P Downgrades Aflac (AFL) to 'A+'; Following Lowering of Japan's L-T Sovereign Credit
Sep 16, 2015 06:51AM S&P Downgrades Japan to 'A+/A-1', Outlook Stable
Sep 15, 2015 03:10PM Moody's Upgrades Starbucks' (SBUX) Senior Unsecured Ratings to 'A2' Following Completion of Review; Outlook Stable
Sep 15, 2015 02:51PM Cumulus Media (CMLS) CFR Downgraded to 'B3' by Moody's; Sees Debt-to-EBITDA at Continually High Levels
Sep 15, 2015 12:20PM S&P Lowers Outlook on Impax Laboratories (IPXL) to Negative; Ratings Affirmed
Sep 15, 2015 11:06AM Verizon (VZ) Could Miss 'A3' Rating Upgrade if Low-Rate Environment Persists - Moody's
Sep 15, 2015 10:09AM S&P Cuts Ultrapetrol (ULTR) to 'B-'; Sees Continued Free Cash Flow Deficits
Sep 14, 2015 04:35PM Delta Air Lines (DAL) IDR Upgraded to 'BB+' by Fitch
Sep 14, 2015 03:28PM S&P Affirms CreditWatch Negative Outlook on GAMCO Investors (GBL) Following Form 10 Filing
Sep 14, 2015 02:49PM Moody's Cuts Teck Resources (TCK) Senior Unsecured Rating to 'Ba1'; Assigns 'Ba1' CFR
Sep 14, 2015 12:26PM Quanex (NX) Assigned 'BB-' Corp. Rating by S&P
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