Moody's Lowers Outlook on AmerisourceBergen (ABC) to Negative Oct 6, 2015 05:02PM

Moody's Investors Service affirmed AmerisourceBergen Corporation's (ABC's)(NYSE: ABC) Baa2 senior unsecured ratings and Prime-2 short term rating following the company's announcement that it has signed a definitive agreement to acquire PharMEDium Healthcare Corporation, a provider of compounding services to hospital pharmacies for about $2.6 billion. At the same time, Moody's changed ABC's rating outlook to negative from stable. ABC expects to close the transaction by... (continue reading...)

Moody's Downgrades NRG Yield (NYLD) to 'Ba2'; Limited Ability to Issue Equity is Credit Negative Oct 6, 2015 03:41PM

Moody's Investors Service, ("Moody's") downgraded NRG Yield's (NYSE: NYLD) corporate family rating (CFR) and senior unsecured rating to Ba2 from Ba1 and probability of default rating (PD) to Ba2-PD from Ba1-PD. The rating outlook is stable. The downgrade primarily reflects the lack of access to the equity markets due to a large decline (~30%) in its stock price in recent months. The inability to issue equity creates uncertainty regarding the company's financial strategy... (continue reading...)

S&P Places Albertson's (ABS) on CreditWatch Positive Amid IPO Play Oct 6, 2015 09:21AM

Standard & Poor's Ratings Services placed its ratings on Albertson's Holdings LLC and New Albertson's Inc. (NYSE: ABS) on CreditWatch positive.

"ACI is planning an IPO and has indicated plans for both debt reduction and refinancing. Our preliminary view is that we would rate ACI higher than our current ratings on Albertson's Holdings LLC and NAI," said credit analyst Robert Schulz. "The company has made recent progress in improving operations or gaining synergies at its... (continue reading...)

S&P Places Suncor Energy (SU) on CreditWatch Negative Oct 5, 2015 04:57PM

Standard & Poor's Ratings Services said it placed its ratings, including its 'A-' long-term corporate credit rating, on Calgary, Alta.-based integrated oil and gas production company Suncor Energy Inc. (NYSE: SU) on CreditWatch with negative implications, indicating we could lower the ratings upon completion of our review. Our short-term and commercial paper ratings on the company are unchanged.

The CreditWatch placement follows Suncor's announcement that it has made an... (continue reading...)

S&P Lowers Outlook on Newell Rubbermaid (NWL) to Stable; Sees Increased Leverage on Elmer's Deal Oct 5, 2015 04:05PM

Standard & Poor's Ratings Services affirmed its 'BBB-' corporate credit rating on Atlanta-based Newell Rubbermaid Inc. (NYSE: NWL) and revised the outlook to stable from positive.

"The outlook revision to stable reflects higher debt leverage following the Elmer's Products Inc. acquisition," said Standard & Poor's credit analyst Mariola Borysiak. "We expect Newell Rubbermaid's pro forma debt leverage will increase to about 3.5x at end of 2015 fiscal from 3.2x at end of... (continue reading...)

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Oct 5, 2015 02:15PM Fitch Affirms Ratings of Fifth Third Bancorp (FITB) Following Periodic Review
Oct 5, 2015 02:02PM S&P Lowers Outlook on Imperial Oil (IMO) to Negative
Oct 2, 2015 02:06PM S&P Assigns 'B' Corp. Rating to Sucampo Pharma (SCMP); Reflects Reliance on Single Product
Oct 2, 2015 11:43AM Spain Upgraded to 'BBB+' by S&P; Outlook Stable (FXE)
Oct 1, 2015 02:50PM Moody's Downgrades Concordia Healthcare (CXRX) to 'B3' Amid Pending Amdipharm Mercury Deal
Oct 1, 2015 02:05PM Fitch Raises Outlook on Forest City Enterprises (FCE-A) to Positive; Deleveraging has Been Significant
Oct 1, 2015 12:41PM S&P Cuts Dex Media (DXM) to 'SD' Following Failure to Make Notes Interest Payment
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
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