Moody's Downgrades Schlumberger Ltd. (SLB) to 'A1'; Outlook Lowered to Negative Apr 29, 2016 03:57PM

Moody's Investors Service (Moody's) downgraded Schlumberger Limited's (NYSE: SLB) issuer rating and the senior unsecured ratings of its guaranteed subsidiaries to A1 from Aa3, affirmed its Prime-1 short-term rating and changed the rating outlook to stable from negative. Moody's downgraded Schlumberger Holdings Corporation's (SHC) issuer rating and senior unsecured ratings to A3 from A2 and its short term rating to Prime-2 from Prime-1, and changed the outlook to... (continue reading...)

S&P Lowers Outlook on Carpenter Technology (CRS) to Negative; Expects High Debt-to-EBITDA Ratio Apr 29, 2016 02:50PM

Standard & Poor's Ratings Services said it revised the outlook on Carpenter Technology Corp. (NYSE: CRS) to negative from stable. We also affirmed the 'BBB' corporate credit and issue-level ratings on the company.

"The negative outlook reflects our view that Carpenter's debt to EBITDA will be about 3.5x in fiscal 2016, which is above the 2x to 3x range expected for the company's intermediate financial risk profile," said Standard & Poor's credit analyst William Ferara.... (continue reading...)

Fitch Affirms Ratings on Energy Transfer Partners (ETP); Outlook Remains Stable Apr 29, 2016 02:11PM

Fitch Ratings has affirmed its Long-Term Issuer Default Rating (IDR) and senior unsecured ratings on Energy Transfer Partners, LP (NYSE: ETP) at 'BBB-' and its junior subordinated debt rating at 'BB'. Fitch has also affirmed Panhandle Eastern Pipe Line Company's (Panhandle) Long-Term IDR and senior unsecured ratings at 'BBB-' and its junior subordinated debt rating at 'BB.' Additionally, Fitch has affirmed the senior unsecured ratings on the legacy debt of Regency... (continue reading...)

Fitch Moves Outlook on DreamWorks (DWA) to Watch Positive Amid Merger Agreement Apr 29, 2016 12:01PM

Fitch Ratings has placed the 'B+' Issuer Default Rating (IDR) assigned to DreamWorks Animation SKG, Inc. (Nasdaq: DWA) on Rating Watch Positive. Fitch's action follows the announcement that DWA will be acquired by NBCUniversal, a division of Comcast Corporation (Comcast), for total consideration of $4.1 billion, including the assumption of DWA's debt. Approximately $360 million of DWA's debt outstanding as of Dec. 31, 2015 is affected by Fitch's action.

Fitch will remove... (continue reading...)

S&P Affirms Ratings on First Cash Financial Services (FCFS) Amid Merger Plans with Cash America; Outlook Remains Stable Apr 29, 2016 11:51AM

Standard & Poor's Ratings Services said it affirmed its 'BB' issuer credit rating on First Cash Financial Services Inc. (Nasdaq: FCFS). The outlook remains stable.

The affirmation follows First Cash's announcement that it will merge with Cash America International Inc., which operates the largest network of retail pawn stores in the U.S. We expect the pro forma market value of the combined entity to be $2.4 billion and that it will be funded with a tax free,... (continue reading...)

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Apr 28, 2016 03:36PM S&P Downgrades AbbVie (ABBV) to 'A-' Amid Move to Acquire Stemcentrx; Outlook Stable
Apr 28, 2016 11:38AM S&P Affirms Negative Outlook on Abbott (ABT) Amid Move to Acquire St. Jude Medical (STJ)
Apr 27, 2016 04:37PM S&P lowers outlook on IBM (IBM) to Negative
Apr 27, 2016 03:13PM Avery Dennison's (AVY) Acquisition of Mactac's European Business is Credit-Positive Development - Moody's
Apr 27, 2016 02:59PM S&P Lifts Outlook on General Motors (GM) to Positive; Ratings Unchanged
Apr 27, 2016 10:58AM S&P Downgrades Oi S.A. (OIBR) to 'CCC-'; Sees Average Recovery Default
Apr 26, 2016 02:52PM Moody's Upgrades MGM Resorts (MGM) to 'Ba3'; Outlook Stable
Apr 26, 2016 12:14PM S&P Downgrades Perrigo (PRGO) to 'BBB-'; Sees Weakness in High-Margin Business
Apr 26, 2016 11:59AM Crown Castle (CCI) Now Investment Grade at Moody's Following Note Payment Plans
Apr 26, 2016 11:05AM UPDATE: S&P Downgrades to ExxonMobil (XOM) to 'AA+'; Notes Impact of Low Commodity Prices
Apr 25, 2016 04:56PM United Airlines (UAL) Corp. Ratings Affirmed by S&P; Action Taken on EETCs
Apr 25, 2016 11:49AM S&P Downgrades Hercules Offshore (HERO) to 'CCC-'; Outlook Remains Negative
Apr 25, 2016 11:35AM Darden Restaurants (DRI) Senior Unsecured Ratings Upgraded to 'Baa3' by Moody's
Apr 22, 2016 02:40PM Fitch Places Lexmark (LXK) Ratings on Review for Downgrade
Apr 22, 2016 02:27PM S&P Upgrades Spirit Realty Capital (SRC) to 'BBB-'; Outlook Remains Stable
Apr 22, 2016 11:47AM Moody's Affirms Ratings, Outlook on Tronox (TROX) Following Review
Apr 21, 2016 03:51PM Fitch Affirms Ratings, Outlook on Harley-Davidson (HOG) Following Recent Q1 Results, Outlook
Apr 21, 2016 03:00PM Moody's Upgrades YPF S.A. (YPF) to 'B3'; Placed Under Review with Direction Uncertain
Apr 21, 2016 02:34PM Joy Global (JOY) Ratings Cut to 'BB+' by S&P; Outlook Remains Negative
Apr 21, 2016 12:58PM Planet Fitness (PLNT) Corp. Ratings Affirmed by Moody's; Speculative Grade Rating Assigned
Apr 21, 2016 12:25PM S&P Lifts Outlook on Pepsi (PEP) to Positive; Ratings Affirmed
Apr 21, 2016 11:28AM Ocean Rig UDW (ORIG) Ratings Affirmed by S&P Following Share Buyback from DryShips (DRYS)
Apr 20, 2016 03:22PM Moody's Lowers Outlook on Caterpillar (CAT) to Negative; Sees Weak Demand in Resource Industries Segment
Apr 20, 2016 02:48PM S&P Places Lexmark's (LXK) Ratings on CreditWatch Developing
Apr 20, 2016 11:37AM Saudi Arabia Loan Reflecs Pressure of Lower Crude Prices, but May Benefit Over Longer Term - Fitch
Apr 20, 2016 07:54AM S&P Downgrades Seventy Seven Energy (SSE) to 'CC'; Outlook Negative
Apr 19, 2016 02:52PM Fitch Affirms Ratings on Kirby Corp. (KEX) Following Review; Offers Commentary
Apr 19, 2016 02:11PM McCormick's (MKC) Botanical Food Acquisition is Credit-Positive Development - Moody's
Apr 19, 2016 12:08PM Moody's Cuts Kohl's (KSS) Unsecured Rating to 'Baa2' Following Conclusion of Review
Apr 19, 2016 07:12AM Moody's Downgrades Yanzhou Coal Mining (YZC) to 'B2'; Outlook Lowered to Negative
Apr 18, 2016 05:12PM S&P Downgrades Atwood Oceanics (ATW) to 'B+'; Outlook Remains Negative
Apr 18, 2016 03:29PM S&P Downgrades Calumet Specialty Products Partners (CLMT) to 'B-'; Outlook Remains Stable
Apr 18, 2016 12:25PM No Immediate Impact Expected on Baidu's (BIDU) Ratings Amid $1B Syndicated Loan - Moody's
Apr 18, 2016 11:29AM Moody's Lifts Outlook on Carrols Restaurant Group (TAST) to Positive; Ratings Affirmed
Apr 18, 2016 11:10AM S&P Assigns 'BBB-' Rating to (JD); Outlook Stable
Apr 15, 2016 02:12PM Darden Restaurants (DRI) Ratngs Downgraded to 'BBB' by S&P
Apr 15, 2016 12:26PM S&P Downgrades Tronox (TROX) to 'B+'; Outlook Negative
Apr 15, 2016 11:24AM Fitch Downgrades Macy's (M) IDR to 'BBB'; Reflects Lack of Visibility
Apr 15, 2016 06:45AM S&P Upgrades Cliffs Natural Resources (CLF) to 'CCC+'; Outlook Remains Negative
Apr 15, 2016 06:44AM Moody's Cuts Energy XXI's (EXXI) Probability of Default Rating to D-PD
Apr 14, 2016 04:48PM S&P Downgrades C&J Energy Services (CJES) to 'CCC-'; Outlook Negative
Apr 14, 2016 11:52AM Default Rate on U.S. High-Yield Bonds Reaches Two-Year High - Fitch (BTU) (EXXI)
Apr 14, 2016 11:11AM Moody's Sees Allergan's (AGN) Use of Cash Following Generics Divestiture as Key to Credit Profile
Apr 14, 2016 07:30AM S&P Downgrades Valeant Pharma (VRX) to 'B'; Notes Escalation in Near-Term Default Risk
Apr 13, 2016 05:02PM Fitch Downgrades Peabody Energy (BTU) to 'D' Following Bankruptcy Filing
Apr 13, 2016 03:05PM Fitch Affirms Ratings, Outlook on Aflac (AFL); Notes Strong U.S., Japan Position
Apr 13, 2016 10:54AM Moody's Cuts Valeant's (VRX) Liquidity Rating to 'SGL-4'; Ratings Remain on Review for Downgrade
Apr 13, 2016 07:13AM S&P Upgrades Ciena (CIEN) to 'B+'; Outlook Stable
Apr 12, 2016 03:32PM S&P Revises Outlook on Adobe Systems (ADBE) to Positive; Ratings Affirmed
Apr 12, 2016 02:00PM Fitch Affirms U.S. 'AAA' Rating; Outlook Stable
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