S&P Cuts Mack-Cali Realty (CLI) to 'BB+'; Sees NJ Lease Expirations Eroding Net Op. Income Feb 27, 2015 02:39PM

Standard & Poor's Ratings Services lowered its corporate credit rating on Mack-Cali Realty Corp. (NYSE: CLI) and its operating partnership, Mack-Cali Realty L.P., to 'BB+' from 'BBB-'. The outlook is negative.

At the same time, we assigned a '2' recovery rating to the REIT's senior unsecured notes, indicating our expectations for substantial (70% to 90%) recovery of principal in the event of a payment default. Our 'BBB-' issue-level rating on Mack-Cali's senior... (continue reading...)

Moody's Raises Outlook on Whirlpool (WHR) to Positive Feb 27, 2015 11:43AM

Moody's Investors Service revised Whirlpool Corporation's (NYSE: WHR) rating outlook to positive from stable reflecting its expectation that Whirlpool's operating performance, credit metrics and credit profile will continue to improve. Moody's affirmed all ratings, including the Baa2 senior unsecured rating and the Prime-2 commercial paper rating.

"We expect Whirlpool's operating performance to improve as it expands its international footprint," said Kevin Cassidy,... (continue reading...)

Flowserve (FLS) Ugraded to BBB by S&P; Notes Good Operating Performance Bringing Credit Metrics Inline Feb 27, 2015 11:32AM

Standard & Poor's Ratings Services raised its corporate credit and senior unsecured debt ratings rating on Dallas-based precision-engineered flow control equipment manufacturer Flowserve Corp. (NYSE: FLS) to 'BBB' from 'BBB-'. The outlook is stable.

"The rating upgrade recognizes Flowserve's good operating performance, which has resulted in credit measures that are now commensurate with the current rating," said Standard & Poor's credit analyst John Sico. We view the... (continue reading...)

Moody's Upgrades Antero Resources (AR) to 'Ba2'; Expects Strong Production Growth, Increasing Reserves Feb 26, 2015 02:54PM

Moody's Investors Service (Moody's) upgraded Antero Resources Corporation's (Antero) (NYSE: AR) Corporate Family Rating (CFR) to Ba2 from Ba3 and upgraded the debt instrument ratings at Antero Resources Corporation and Antero Resources Finance Corporation's to Ba3 from B1. The company's Speculative Grade Liquidity rating (SGL) was changed to SGL-2 from SGL-3. The rating outlook is stable.

"The upgrade reflects Moody's expectation that Antero will continue to report... (continue reading...)

S&P Affirms Ratings on China; Sees Increased Resiliency on New Reforms (FXI) Feb 26, 2015 10:01AM


  • We believe government policies will make China's economy more resilient.
  • We are affirming our 'AA-' long-term and 'A-1+' short-term sovereign credit rating on China.
  • We are also affirming our 'cnAAA/cnA-1+' Greater China regional scale ratings.
  • The stable outlook reflects our expectation that reform towards a more market-driven economy and enhanced governance could help China sustain robust GDP growth while curbing credit growth over the next two to three... (continue reading...)

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Feb 26, 2015 09:16AM Moody's Maintains Positive Outlook on Mortgage Insurers (RDN) (ORI) (AGO)
Feb 25, 2015 02:59PM Moody's Lowers Transocean (RIG) to 'Baa1'; Sees Increased Leverage on 'Prolonged Industry Down-Cycle'
Feb 25, 2015 02:54PM S&P Downgrades Rex Energy (REXX) to 'B-'; Sees Leverage Elevating Beyond FY15 Triggers
Feb 25, 2015 12:37PM S&P Assigns 'BBB' Rating to Juniper Networks (JNPR) Senior Unsecured Notes
Feb 25, 2015 12:00PM Moody's Raises Outlook on Cooper Tire (CTB) to Stable
Feb 25, 2015 08:48AM Petrobras (PBR) Shares Decline After Debt Cut to Junk at Moody's
Feb 24, 2015 03:02PM S&P Assigns 'BB-' Rating to Lattice Semi (LSCC); No Issues with Silicon Image Integration Expected
Feb 24, 2015 02:58PM Spectra Energy (SE) Ratings Affirmed by S&P Amid DCP Midstream (DPM) Downgrade
Feb 23, 2015 03:31PM Valeant Pharma (VRX) Placed on CrditWatch Positive by S&P Amid Planned Salix (SLXP) Acquisition
Feb 23, 2015 02:43PM Interpublic Group (IPG) Placed on CreditWatch Negative by S&P
Feb 23, 2015 02:40PM Moody's Affirms Ratings on Valeant Pharma (VRX) Following Move to Acquire Salix Pharma (SLXP)
Feb 23, 2015 12:33PM Amphenol (APH) Ratings Affirmed by S&P; Outlook Stable
Feb 23, 2015 12:10PM Moody's Assigns 'Baa2' Rating to Coach's (COH) Unsecured Note Offering; Outlook Stable
Feb 20, 2015 03:38PM AuRico Gold (AUQ) Corp. Credit Rating Affirmed by S&P; Sees Improvement in Core Credit Ratios
Feb 20, 2015 09:28AM S&P Upgrades Nielsen (NLSN) to 'BB+'; Sees Maintaining Lower Leverage Levels
Feb 19, 2015 02:46PM S&P Places Intelsat S. A. (I) Ratings on Watch for Possible Downgrade
Feb 19, 2015 12:31PM Moody's Places Rexam (BLL) on Review for Downgrade Following Ball Corp. (BLL) Deal
Feb 19, 2015 12:10PM Delphi's (DLPH) Move to Sell Thermal Business Unit is Credit-Positive Development - Moody's
Feb 19, 2015 09:57AM S&P Cuts Genworth Financial (GNW), U.S. Subsidiaries Two Notches to 'BBB-'
Feb 18, 2015 02:53PM S&P Affirms Ratings, Outlook on Boston Scientific (BSX) Following J&J Settlement
Feb 18, 2015 02:51PM S&P Rates Apple's (AAPL) Swiss-Franc Denominated Notes at 'AA+'
Feb 18, 2015 02:04PM ConocoPhillips (COP) Outlook Lowered to Negative by Moody's; Sees Leverage Increasing Over Next Two Years
Feb 18, 2015 12:45PM Boston Scientific's (BSX) Settlement with J&J (JNJ) is Credit-Negative Event - Moody's
Feb 18, 2015 11:25AM Greece's Ratings at Risk as Talks with Creditors Continue, Bailout Deadline Looms - Fitch (FXE) (NBG)
Feb 17, 2015 11:46AM S&P Cuts MagnaChip (MX) Two-Notches to 'B-'; Restated Financials Worse than Expected
Feb 17, 2015 10:24AM Phillips 66 Partners (PSXP) Assigned 'BBB' by S&P
Feb 13, 2015 04:07PM Fitch Cuts Austria's Issuer Default Ratings to 'AA+'; Outlook Stable (FXE)
Feb 13, 2015 03:04PM Pier 1 Imports' (PIR) Revised FY15 Outlook is Credit-Negative Event - Moody's
Feb 13, 2015 02:44PM Orbitz Worldwide (OWW) Placed on CreditWatch Positive by S&P Amid Expedia (EXPE) Deal
Feb 13, 2015 12:11PM Moody's Lowers Outlook on For-Profit Hospital Sector to Stable (HCA) (THC) (CYH)
Feb 12, 2015 03:55PM Ruby Tuesday, Inc. (RT) Outlook Raised to Stable by S&P
Feb 12, 2015 11:47AM Lionsgate (LGF) Ratings Affirmed by Moody's Amid Malone Stock-Swap Deal (STRZA)
Feb 11, 2015 05:09PM Freeport-McMoran (FCX) Downgraded to 'BBB-' by S&P
Feb 11, 2015 03:17PM Moody's Places Ultrapetrol (ULTR) on Review for Downgrade Following Cut to Petrobras' (PBR) Ratings
Feb 11, 2015 02:10PM S&P Upgrades Hilton Worldwide (HLT) to 'BB'; Sees Good RevPAR, Operating Performance Growth Through 2016
Feb 11, 2015 11:47AM S&P Affirms Mylan (MYL) at 'BBB-'; Business Risk Profile 'Satisfactory'
Feb 10, 2015 01:57PM S&P Rates Lazard's (LAZ) Proposed $400M Notes Offering at 'BBB+'; Outlook Stable
Feb 10, 2015 11:57AM S&P Affirms Negative Outlook on Four 'CCC+'-Rated Greek Banks Following ECB News (NBG)
Feb 9, 2015 05:12PM S&P raises Orbital ATK (OA) to 'BB+' Following Vista Outdoor Spin (ATK)
Feb 9, 2015 02:11PM UPDATE: S&P Lowers Outlook on Saudi Arabia to Negative; Gen. Government Fiscal Position Weakening
Feb 9, 2015 01:53PM Moody's Cuts Ratings on Five Greek Banks (NBG); Sees Lower Likelihood of Systemic Support
Feb 9, 2015 12:16PM UPDATE: S&P Cuts FMC Corp. (FMC) to 'BBB+'; Outlook Stable
Feb 9, 2015 11:05AM S&P Cuts PetSmart (PETM) to ‘B+’; Sees Higher Leverage Stemming from Merger
Feb 9, 2015 09:49AM Moody's Rates Microsoft's (MSFT) Proposed Notes Offering at 'Aaa', Outlook Stable
Feb 6, 2015 03:19PM UPDATE: S&P Lowers Sprint Corp. (S) to 'B+'; Outlook to Negative
Feb 6, 2015 02:18PM American Tower (AMT) Ratings Affirmed by Moody's Amid Verizon Deal
Feb 6, 2015 01:58PM S&P Lowers Outlook on Verizon Communications (VZ) to Stable Following Wireline, Tower Sales
Feb 6, 2015 12:58PM Greece Cut to B- from B by S&P, May Be Cut Further
Feb 6, 2015 11:36AM S&P Places 'D' Rating on RadioShack (RSH) Following Bankruptcy Filing
Feb 6, 2015 11:20AM Fitch Lowers Outlook on American Tower (AMT) to Negative Following Tower Deal
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