S&P Cuts Penn Virginia (PVA) to 'B'; Sees Risk Profile Becoming 'Highly Leveraged' May 28, 2015 04:46PM

Standard & Poor's Ratings Services lowered the corporate credit rating on Penn Virginia Corp. (NYSE: PVA) to 'B' from 'B+'. The outlook is stable.

At the same time, we lowered our ratings on the company's senior unsecured debt to 'CCC+' from 'B'. The recovery rating on the debt remains '6', which indicates our expectation for negligible (0% to 10%) recovery in the event of a default.

"The downgrade reflects the impact of weakening commodity price assumptions, which... (continue reading...)

S&P Lifts Outlook on Telefónica S.A. (TEF) to Positive May 28, 2015 02:22PM

S&P Ratings Service has moved its outlook on Telefónica S.A. (NYSE: TEF) from Stable to Positive and affirms its 'BBB' credit rating.

Moody's Upgrades Dillard's (DDS) Senior Unsecured Rating to Investment Grade May 27, 2015 02:50PM

Moody's Investors Service upgraded Dillard's (NYSE: DDS) senior unsecured rating to Baa3 from Ba2. The company's Ba1 Corporate Family Rating and Ba1-PD probability of default rating were withdrawn, as well as its SGL-1 Speculative Grade Liquidity rating. The rating outlook is stable. All ratings actions are detailed below.

"The senior unsecured rating upgrade to Baa3 from Ba2 recognizes Dillard's move to an unsecured capital structure and our expectation that the company... (continue reading...)

Moody's Lowers Outlook on Gastar Exploration (GST) to Stable; Corp. Family Rating Affirmed at 'Caa1' May 26, 2015 04:47PM

Moody's Investors Service, ("Moody's") changed Gastar Exploration (NYSE: GST) outlook to stable from positive and affirmed its Caa1 Corporate Family Rating (CFR). Moody's also affirmed Gastar's Caa1-PD Probability of Default, Caa2 senior secured notes rating, and SGL-3 speculative grade liquidity rating.

"The continuing weak commodity price environment is pressuring Gastar's cash flow based metrics and is not allowing it to grow its production meaningfully," said... (continue reading...)

S&P Keeps Charter Communications (CHTR) on CreditWatch Positive Amid Time Warner Cable (TWC) Deal May 26, 2015 01:57PM

Standard & Poor's Ratings Services today said it kept its ratings on Charter Communications (Nasdaq: CHTR), including its 'BB-' corporate credit rating, on CreditWatch, where we placed them with positive implications on March 31, 2015.

All issue-level ratings, including our 'BB+' senior secured issue-level rating and 'BB-' unsecured issue-level rating, remain on CreditWatch with positive implications.

"The continued CreditWatch listing reflects the potential for a... (continue reading...)

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May 26, 2015 11:57AM Darling Ingredients (DAR) Outlook Lowered to Negative by Moody's
May 26, 2015 11:55AM S&P Upgrades L-T Corp. Rating on RPM International (RPM) to 'BBB' on Improving Financial Risk Profile
May 22, 2015 02:12PM S&P Places Vanguard Natural (VNR) Placed on CreditWatch Positive Following Eagle Rock (EROC), LRR Energy (LRE) Deals
May 22, 2015 12:28PM S&P Maintains Hewlett-Packard (HPQ) on CreditWatch Negative Amid Plans to Split Company
May 22, 2015 11:45AM S&P Lowers Outlook on American States Water (AWR) to Stable Following Stock Buyback Announcement
May 21, 2015 02:17PM Moody's Affirms Rating on Tenet Healthcare (THC); Concludes Review Following Aspen Healthcare Acquisition Announcement
May 21, 2015 12:40PM Omnicare (OCR) Ratings Placed on CreditWatch Positive by S&P Following CVS Health (CVS) Deal
May 20, 2015 03:01PM Cimarex Energy (XEC) Senior Unsecured Notes Rating Raised to 'Baa3' at Moody's
May 20, 2015 12:18PM Flextronics (FLEX) Raised to 'BBB-' by S&P; Sees Favorable Mix to Faster-Growing, More-Profitable End Markets
May 20, 2015 11:55AM Computer Sciences (CSC) Ratings Place Under Review by Moody's Following Plans for Company Split
May 20, 2015 11:35AM Endo Int'l (ENDP) Corp. Rating Affirmed by S&P Amid Par Pharma Deal
May 19, 2015 03:30PM Moody's Upgrades Park-Ohio Industries (PKOH) CFR to 'B1'; Notes Organic Growth, Improving Credit Profile
May 19, 2015 02:38PM S&P Lifts Corp. Rating on Pilgrim's Pride (PPC) to 'BB+'; Sees Operations Continuing to Stabilize
May 19, 2015 12:27PM S&P Upgrades JetBlue Airways (JBLU) to 'B+'; Notes Improving Financial Performance
May 19, 2015 10:40AM S&P Maintains Baxter (BAX) on CreditWatch Negative Amid Asset Spinoff; Business Risk Remains 'Strong'
May 19, 2015 10:08AM On Assignment (ASGN) Ratings Affirmed by Moody's Amid Creative Circle Acquisition
May 18, 2015 03:14PM Endo (ENDP) Ratings Placed on Review for Downgrade by Moody's Following Par Pharma Announcement
May 18, 2015 02:19PM S&P Affirms American Airlines (AAL) Issuer Rating at 'BB'; Ratings Unaffected by Extension, Repricing of Facility
May 18, 2015 11:56AM S&P Assigns 'BB' Corp. Rating to Plantronics (PLT); Business Risk Profile Deemed 'Fair'
May 18, 2015 11:00AM Life Time Fitness (LTM) Assigned 'B' Corp. Rating by S&P
May 18, 2015 10:49AM Moody's Assigns 'Ba2' CFR to Plantronics (PLT), Outlook Stable
May 15, 2015 03:43PM S&P Cuts SMART Technologies (SMT) Rating to 'B-'; Outlook Negative
May 15, 2015 03:09PM S&P Places E*TRADE Financial (ETFC) on CreditWatch Positive; Sees Regulatory Restrictions Easing
May 15, 2015 11:53AM Fitch Affirms IDR of Berkshire Hathaway (BRK-A) at 'AA-'; Ratings Supported by Market Position, Strong Capitalization
May 15, 2015 11:25AM McDonald's (MCD) Senior Unsecured Ratings Cut to 'A3' by Moody's
May 14, 2015 02:45PM S&P Lowers Outlook on Vantage Drilling (VTG) to Negative; Financial Risk Profile Remains 'Highly Leveraged'
May 14, 2015 12:41PM UPDATE: S&P Lowers Outlook on Kansas City Southern (KSU) to Stable
May 14, 2015 12:32PM Moody's Lowers Outlook on Ocean Rig UDW (ORIG) to Negative
May 13, 2015 04:29PM Owens-Illinois (OI) Places on CreditWatch Negative by S&P Amid Vitro Asset Acquisition
May 13, 2015 03:19PM S&P Places Danaher (DHR) on CreditWatch Negative Following Move to Acquire Pall Corp. (PLL)
May 13, 2015 02:12PM S&P Places Pall Corp. (PLL) on CreditWatch Positive Following Acquisition Agreement with Danaher (DHR)
May 13, 2015 12:37PM S&P Affirms Ratings on Restaurant Brands (QSR) Following Proposed Capital Structure Update
May 13, 2015 11:23AM S&P Raises L Brands' (LB) Financial Risk Profile to 'Intermediate'; Affirms Corp. Rating, Outlook
May 13, 2015 10:11AM S&P Downgrades Magnum Hunter Resources (MHR) to CCC-'; Sees Insufficient Cash to Cover Expenses, Payments
May 12, 2015 05:03PM Moody's Downgrades Chicago, IL $8.1B GO to Junk; Outlook Negative
May 12, 2015 03:40PM S&P Keeps Bankrate (RATE) on CreditWatch Negative Following Receipt of Noteholder Consent on Indenture Amendment
May 12, 2015 01:24PM Fitch Comments on Patriot Coal's Ch. 11 Filing; Arch Coal (ACI), Walter Energy (WLT) Have 'Significant' Default Risk
May 12, 2015 12:47PM Verizon's (VZ) Move to Acquire AOL (AOL) is Slightly Credit-Negative Event - Moody's
May 12, 2015 11:48AM S&P Affirms Noble Energy's (NBL) Ratings on Rosetta Resources Deal; Moves Financial Risk Profile to 'Significant'
May 12, 2015 07:56AM S&P Lowers Outlook on HRG Group (HRG) to Negative; Leverage Expected to Increase in Transitional Phase
May 11, 2015 03:48PM Teleflex (TFX) CFR Upgraded to 'Ba2' by Moody's; Sees Sustainable Leverage Amid M&A Activity
May 11, 2015 03:15PM Moody's Upgrades Hologic's (HOLX) Corporate Family Rating to 'Ba3'; Speculative Grade Liquidity Rating Affirmed
May 11, 2015 02:09PM Moody's Upgrades PPL Corp. (PPL) to 'Baa2' Amid Upcoming Spin of PPL Energy Supply
May 8, 2015 03:58PM CST Brands (CST) Q1 Results are Credit-Positive Development - Moody's
May 8, 2015 11:15AM S&P Places Quality Distribution (QLTY) on CreditWatch Negative Following Merger Announcement
May 8, 2015 10:20AM Moody's Lowers Outlook on U.S. Steel Industry to Negative (X) (WOR) (STLD) (NUE)
May 7, 2015 02:41PM S&P Lifts Outlook on Regency Centers (REG) to Positive; Notes Strong Recent Operating Performance
May 7, 2015 12:19PM Neenah Paper (NP) Ratings Affirmed by S&P; Liquidity Reassessed to 'Exceptional'
May 6, 2015 10:17AM S&P Lowers Outlook on Public Service Enterprise (PEG) to Stable; Notes Recent Increases in Capital Spending
May 6, 2015 10:10AM Moody's Sees Drop in Macau Gaming Revenue as Negative for Related Companies (MPEL)
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