S&P Downgrades Triumph Group (TGI) to 'BB-'; Outlook Stable May 5, 2016 02:49PM

S&P Global Ratings said that it has downgraded Triumph Group Inc. (NYSE: TGI) to 'BB-' from 'BB'. The outlook is stable.

"The downgrade reflects the impact of the $1.3 billion in pre-tax charges that the company announced in the fourth quarter of fiscal year 2016 (ended March 31, 2016) on its earnings and cash flow, as well as the greater-than-expected declines in its revenue and earnings in fiscal year 2017 from production cuts on certain widebody and business jet... (continue reading...)

S&P Lifts Outlook on Baker Hughes (BHI) to Stable Amid Merger Termination May 5, 2016 11:48AM

S&P Global Ratings revised the outlook to stable from negative and affirmed the 'A' long-term corporate credit rating on Houston-based oilfield services company Baker Hughes Inc. (NYSE: BHI).

We also affirmed the 'A' senior unsecured debt rating, as well as 'A-1' short-term corporate credit and commercial paper ratings.

"The rating action reflects our expectations that Baker Hughes will pursue a modest financial policy while it aggressively pursues cost-reduction... (continue reading...)

S&P Cuts Outlook on GNC Holdings (GNC) to Negative Following Recent Q1 Results May 4, 2016 03:49PM

S&P Global Ratings today revised its outlook on the GNC Holdings Inc. (NYSE: GNC) to negative from stable. At the same time, we affirmed all ratings, including the 'BB+' corporate credit rating.

"The rating action follows GNC's weaker-than-expected operating results during the first quarter of 2016, with sales declining 0.2% and margins contracting about 200 basis points (bps) versus the year ago period, resulting in a number of operating initiatives by management,"... (continue reading...)

Moody's Upgrades Hologic (HOLX) to 'Ba2'; Outlook Stable May 4, 2016 03:00PM

Moody's Investors Service upgraded the ratings of Hologic, Inc. (Nasdaq: HOLX), including the Corporate Family Rating (CFR) to Ba2 from Ba3 and the Probability of Default Rating to Ba2-PD from Ba3-PD. Moody's also affirmed the Ba1 rating on the company's senior secured credit facility and upgraded the senior unsecured notes to Ba3 from B1. Lastly, Moody's affirmed Hologic's Speculative Grade Liquidity Rating at SGL-1. The outlook is stable.

"The upgrade of Hologic's CFR... (continue reading...)

Emerging market downgrades likely to gather pace, says S&P May 4, 2016 12:11PM

By Marc Jones

LONDON (Reuters) - Emerging market sovereign downgrades are likely to gather pace Standard and Poor's warned on Wednesday, having already hit the fastest rate this year since the height of the financial crisis.

Nine of the top 20 emerging market economies have negative outlooks on their S&P ratings and a new report from the firm said 'contingent liabilities' -- costs of bailing out state-owned firms or damaged banks in a crisis... (continue reading...)

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May 4, 2016 11:03AM S&P Places Rovi Corp. (ROVI) on Review for Upgrade Amid Move to Acquire TiVo
May 3, 2016 03:37PM Moddy's Positive on Clorox's (CLX) Acquisition of Renew Life; No Ratings Impact Expected
May 3, 2016 02:58PM S&P Downgrades Fairway Group (FWM) to 'D' Amid Chapter 11 Filing
May 3, 2016 11:49AM Moody's Affirms Negative Outlook on Valeant (VRX) Following Review; Probability of Default Rating Upgraded
May 3, 2016 11:35AM S&P Lifts Outlook on Coach (COH) to Stable; Notes Stabilization in Operating Performance
May 3, 2016 09:13AM S&P Lifts Outlook on Valeant Pharma (VRX) to Positive; Sees Lower Risk of Near-Term Default
May 2, 2016 03:59PM S&P Upgrades Iron Mountain (IRM) to 'BB-'; Outlook Remains Stable
May 2, 2016 02:32PM Moody's Downgrades Ultra Petroleum's (UPL) Probability of Default Rating to 'D-PD'; Outlook Negative
May 2, 2016 02:03PM Baker Hughes (BHI), Halliburton Ratings Remain on Review for Downgrade at Moody's
May 2, 2016 11:41AM S&P Assigns 'BB' Rating to PTC (PTC); Outlook Stable
Apr 29, 2016 03:57PM Moody's Downgrades Schlumberger Ltd. (SLB) to 'A1'; Outlook Lowered to Negative
Apr 29, 2016 02:50PM S&P Lowers Outlook on Carpenter Technology (CRS) to Negative; Expects High Debt-to-EBITDA Ratio
Apr 29, 2016 02:11PM Fitch Affirms Ratings on Energy Transfer Partners (ETP); Outlook Remains Stable
Apr 29, 2016 12:01PM Fitch Moves Outlook on DreamWorks (DWA) to Watch Positive Amid Merger Agreement
Apr 29, 2016 11:51AM S&P Affirms Ratings on First Cash Financial Services (FCFS) Amid Merger Plans with Cash America; Outlook Remains Stable
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.com (JD); Outlook Stable
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