S&P Places FirstEnergy (FE) on CreditWatch Negative; Withdraws Allegheny Energy's Rating Jul 22, 2016 02:40PM

S&P Global Ratings today placed its 'BBB-' corporate credit ratings on FirstEnergy Solutions Corp. (FES), and affiliates FirstEnergy Generation Corp., FirstEnergy Nuclear Generation Corp., Allegheny Energy Supply Co. LLC (AYE Supply), and Allegheny Generating Co. on CreditWatch with negative implications. We will resolve the CreditWatch listing after reviewing FirstEnergy Corp.'s strategic plan and discussing the supply business's importance to the parent with... (continue reading...)


S&P Places Joy Global (JOY) Ratings on CreditWatch Positive Jul 22, 2016 02:07PM

S&P Global Ratings said that it has placed all of its ratings on Joy Global Inc. (NYSE: JOY), including our 'BB+' corporate credit rating, on CreditWatch with positive implications.

"The CreditWatch placement follows Joy Global Inc.'s announcement that it has signed a definitive agreement to be acquired by a subsidiary of Komatsu Ltd. in an all-cash transaction valued at $3.7 billion (including Joy's outstanding debt)," said S&P Global credit analyst Svetlana Olsha. "The... (continue reading...)


Moody's Lifts Outlook on Joy Global (JOY) to Positive; Ratings Affirmed Jul 22, 2016 12:52PM

Moody's Investors Service changed the outlook of Joy Global Inc. (Joy) to positive from stable. Moody's also affirmed all other ratings, including Ba3 Corporate Family Rating (CFR), probability of default rating (PDR) of Ba3-PD, Speculative Grade Liquidity rating of SGL-2 and senior unsecured bond rating of Ba3.

Affirmations:

.... Corporate Family Rating, Ba3

.... Probability of Default Rating, Ba3-PD

.... Speculative Grade Liquidity Rating, SGL-2

.....Senior Unsecured... (continue reading...)


Moody's Cuts Forbes Energy (FES) to 'Ca'; Outlook Lowered to Negative Jul 21, 2016 03:24PM

Moody's Investors Service, ("Moody's") downgraded Forbes Energy Services Ltd.'s (Nasdaq: FES)(Forbes) Corporate Family Rating (CFR) to Ca from Caa2, its Probability of Default Rating to Ca-PD/LD from Caa2-PD, and its senior unsecured rating to Ca from Caa3. Moody's also affirmed the company's SGL-3 Speculative Grade Liquidity Rating. The ratings outlook was changed to negative from stable.

"The downgrade of Forbes's CFR and senior notes ratings reflects the increased... (continue reading...)


Fitch Keeps Anthem (ANTM), Aetna (AET), Cigna (CI), Humana (HUM) Ratings on Watch Amid DOJ Move to Block Deals Jul 21, 2016 03:00PM

Fitch Ratings said today that its ratings on Anthem Inc. (ANTM), Aetna Inc. (AET), Cigna Corp. (CI) and Humana Inc. (HUM) remain on Rating Watch following ANTM's and AET's separate announcements that they intend to challenge today's decisions by the Department of Justice's (DOJ) to block their respective acquisitions of CI and HUM.

Fitch anticipates the companies' ratings remaining on rating watch pending the ultimate outcome of the lawsuits. If ANTM and AET ultimately... (continue reading...)


More Credit Ratings

View Older Stories

Jul 21, 2016 02:22PM S&P Upgrades Unsecured Debt Ratings on American Airlines (AAL) to 'BB-'; Outlook is Stable
Jul 21, 2016 08:47AM S&P Lowers Outlook on Quality Distribution (QLTY) to Negative; Ratings Affirmed
Jul 20, 2016 11:42AM Turkey Cut to BB from BB+ at S&P; Outlook to Negative
Jul 20, 2016 11:26AM S&P Downgrades Walter Investment Management (WAC) to 'B'; Outlook Negtive
Jul 19, 2016 03:47PM Manulife Financial (MFC) Ratings Affirmed by Fitch; Outlook is Stable
Jul 19, 2016 03:06PM S&P Upgrades USG Corp. (USG) to 'BB'; Outlook is Positive
Jul 19, 2016 11:35AM Valero Energy (VLO) Ratings Affirmed by Fitch (VLP)
Jul 19, 2016 10:37AM S&P Upgrades Cenevo, Inc. (CVO) to 'CCC+'; Outlook is Negative
Jul 18, 2016 04:56PM S&P Downgrades Atlas Resource Partners (ARP) to 'D' Amid Deferred Interest Payment
Jul 18, 2016 04:34PM Moody's May Cut Ratings on Turkey to Junk Status (TUR)
Jul 18, 2016 03:13PM S&P Affirms Ratings, Outlook on Steel Dynamics (STLD); Liquidity Assessment Revised to 'Exceptional'
Jul 15, 2016 03:28PM Moody's Upgrades Michaels Cos. (MIK) to 'Ba2'; Outlook is Stable
Jul 15, 2016 02:43PM Fitch Positive on Wells Fargo (WFC) Following Q2 Report; Ratings Affirmed
Jul 15, 2016 11:36AM Fitch Affirms Ratings on Interpublic Group of Cos. (IPG); Outlook Lifted to Positive
Jul 15, 2016 06:43AM S&P Assigns 'B+' Rating to Revlon (REV); Outlook is Negative
Jul 14, 2016 11:20AM Fitch Places AMC Entertainment's (AMC) Long-Term Default Rating on Rating Watch Negative
Jul 13, 2016 03:58PM Moody's Updates Outlook on Telus (TU) to Stable; Unsecured Ratings Affirmed
Jul 13, 2016 02:13PM S&P Assigns 'BB-' Corp. Rating to Valvoline (VVV); Outlook is Positive (ASH)
Jul 13, 2016 12:48PM S&P Downgrades Teva Pharma (TEVA) to 'BBB'; Outlook is Stable (AGN)
Jul 13, 2016 12:36PM Moody's Lowers Outlook on AMC Entertainment (AMC) to Negative; Ratings Affirmed
Jul 13, 2016 11:49AM S&P Places First Niagara Financial Group (FNFG) on CreditWatch Positive
Jul 12, 2016 04:14PM Fitch Affirms Allstate's (ALL) IDR at 'A-'; Outlook is Stable
Jul 12, 2016 04:09PM Progressive Corp. (PGR) Ratings, Outlook Affirmed by Fitch
Jul 12, 2016 02:11PM Moody's Affirms Rating on Kinder Morgan (KMI) Amid SNG Sale
Jul 12, 2016 11:32AM S&P Places AVG Technologies (AVG) Ratings on Watch for Downgrade
Jul 12, 2016 08:47AM Thomson Reuters (TRI) Ratings Affirmed by Fitch Amid Move to Sell IPS Business
Jul 11, 2016 05:21PM S&P Lowers Outlook on Genesee & Wyoming (GWR) to Negative; Ratings Affirmed
Jul 11, 2016 02:59PM Fitch Doesn't Expect Southern Co. (SO) Gas Pipeline JV to Have Impact on Ratings
Jul 8, 2016 02:48PM Moody's Lifts Outlook on Devon Energy (DVN) to Stable; Notes Recent Divestiture Progress
Jul 8, 2016 02:29PM S&P Upgrades Blue Buffalo Pet Products (BUFF) to 'BB-'; Notes Reduction in Sponsor Control
Jul 8, 2016 12:09PM WhiteWave Foods (WWAV) Ratings Placed on CreditWatch Positive by S&P Amid Takeover Deal
Jul 8, 2016 11:46AM Fitch Affirms CIBC's Ratings Amid Move to Acquire PrivateBancorp (PVTB)
Jul 7, 2016 04:50PM Moody's Places Nortek's (NTK) Ratings on Review for Upgrade
Jul 7, 2016 03:15PM S&P Lifts Outlook on BancorpSouth (BXS) to Positive; Ratings Affirmed
Jul 7, 2016 02:08PM Alcoa (AA) Ratings Removed from Watch Evolving by Fitch; Covers ~$14B of Securities, Commitments
Jul 7, 2016 12:03PM S&P Downgrades Puerto Rico's GO Debt to 'D' (AGO) (MBI)
Jul 7, 2016 12:02PM S&P Downgrades Puerto Rico's GO Debt to 'D' (AGO) (MBI)
Jul 7, 2016 11:31AM Packaging Corp.'s (PKG) Acquisition of TimBar Seen as Credit Positive by Moody's
Jul 6, 2016 03:24PM Moody's Downgrades TECO Energy (TE) to 'Baa2' Following Closure of Takeover
Jul 6, 2016 02:59PM S&P Downgrades Hornbeck Offshore Service (HOS) to 'CCC+'; Outlook is Negative
Jul 5, 2016 05:54PM S&P Removes Pershing Square from CreditWatch Negative as Valeant (VRX) Stabilizes
Jul 5, 2016 03:46PM Moody's Affirms Transocean (RIG) CFR, PDR; Existing Senior Note Ratings Cut to 'Caa1'
Jul 5, 2016 11:41AM Moody's Affirms Ratings on Coca-Cola Enterprises' (CCE) Unsecured Debt; Outlook is Stable
Jul 5, 2016 11:10AM Ball Corp. (BLL) Ratings Affirmed by S&P; Outlook is Negative
Jul 5, 2016 11:06AM S&P Removes Energy Transfer Equity (ETE) Ratings from CreditWatch Negative
Jul 1, 2016 03:27PM S&P Downgrades C&J Energy Services (CJES) to 'D' Amid Missed Interest Payments
Jul 1, 2016 02:05PM Lionsgate (LGF) Ratings Remain on CreditWatch Negative Amid Move to Acquire Starz (STRZA) - S&P
Jul 1, 2016 01:47PM Mondelez's (MDLZ) Interest in Acquiring Hershey (HSY) is Credit-Negative Event - Moody's
Jul 1, 2016 12:18PM Fitch Downgrades Reinsurance Group of America's (RGA) IDR to 'BBB+'; Outlook is stable
Jul 1, 2016 12:03PM Triangle Petroleum (TPLM) Probability of Default Rating Cut to 'D-PD' by Moody's; Outlook is Negative
View Older Stories