Moody's Places Pinnacle Foods Finance on Watch for Downgrade (PF) (BDBD) Nov 24, 2015 05:14PM

Moody's Investors Service ("Moody's") has placed the Ba3 Corporate Family Rating, Ba3-PD Probability of Default Rating and debt instrument ratings of Pinnacle Foods Finance, LLC ("Pinnacle") under review for downgrade following today's announcement that its parent company, Pinnacle Foods, Inc. (NYSE: PF), has entered into a definitive agreement to acquire Boulder Brands, Inc. ("Boulder", B2). The SGL-2 Speculative Grade Liquidity rating is unaffected, subject to Moody's... (continue reading...)

S&P Lowers Outlook on Precision Drilling (PDS) to Negative; Sees Industry Conditions Remaining Weak Nov 24, 2015 03:51PM

Standard & Poor's Ratings Services today said it revised its outlook on Precision Drilling Corp. (NYSE: PDS) to negative from stable. At the same time, Standard & Poor's affirmed its 'BB+' long-term corporate credit and 'BB' unsecured debt ratings on Precision. The '5' recovery rating on the debt is unchanged, and reflects our expectation of modest (10%-30%; in the upper half of the range) recovery in a default scenario.

"The outlook revision reflects our expectation... (continue reading...)

Moody's Lowers TerraForm AP's Senior Secured Debt Rating to 'Ba3'; Outlook to Negative (TERP) (SUNE) Nov 24, 2015 03:35PM

Moody's Investor Service (Moody's) downgraded TerraForm AP Acquisition Holdings, LLC's (TerraForm AP) rating on its senior secured debt to Ba3 from Ba2 and changed the outlook to negative.

..Issuer: TerraForm AP Acquisition Holdings, LLC


....Senior Secured Bank Credit Facility, Downgraded to Ba3 from Ba2

Outlook Actions:

....Outlook, Changed To Negative From Stable


TerraForm AP's downgrade to Ba3 from Ba2 incorporates our view that the diminished... (continue reading...)

S&P Upgrades JetBlue (JBLU) to 'BB-'; Notes Improved Operating Performance, Lower Leverage Nov 24, 2015 02:33PM

Standard & Poor's Ratings Services raised its corporate credit rating on JetBlue Airways Corp. (NASDAQ: JBLU) to 'BB-' from 'B+'. The outlook is stable.

At the same time, we raised all of our issue-level ratings on the company's debt by one notch and revised our recovery rating on the company's unsecured debt to '3' from '4', indicating our expectation for meaningful (50%-70%; at the high end of the range) recovery in the event of a default.

"Our upgrade of JetBlue... (continue reading...)

S&P Lifts Outlook on New Media Investment Group (NEWM) to Positive Nov 24, 2015 12:35PM

Standard & Poor's Ratings Services said that it revised its rating outlook on New Media Investment Group Inc. (NYSE: NEWM) to positive from stable and affirmed its 'B' corporate credit rating on the company.

Our 'B+' issue-level and '2' recovery ratings on the company's senior secured credit facilities remain unchanged. The '2' recovery rating indicates our expectation for substantial recovery (70%-90%; upper half of the range) of principal in the event of a payment... (continue reading...)

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Nov 23, 2015 03:51PM Moody's Downgrades Terraform Power (TERP) and Terraform Global (GLBL) to B2 CFR on Parent Weakness, Negative Rating Outlook
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Nov 23, 2015 12:09PM S&P Places Pfizer (PFE) on Watch for Downgrade Following Move to Acquire Allergan (AGN)
Nov 23, 2015 09:41AM Moody's Says Nord Anglia Education's (NORD) FY15 Results Have No Impact on Ratings
Nov 20, 2015 11:38AM S&P Upgrades The Netherlands to 'AAA'; Outlook to Stable
Nov 19, 2015 12:44PM Moody's Downgrades Abengoa (ABGB) to 'B3'; Remains on Review for Further Downgrade
Nov 18, 2015 05:29PM S&P Places ON Semiconductor (ON) Ratings on Review for Downgrade
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Nov 18, 2015 03:15PM Fitch Upgrads Synovus Financial (SNV) to 'BBB-'; Notes Asset Quality Improvements, Stable Operating Performance
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Nov 17, 2015 10:19AM S&P Downgrades Memorial Production Partners (MEMP) to 'B'; Credit Measures Seen as Weaker than Previously Expected
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Nov 16, 2015 12:32PM Fitch Lowers Outlook on ArcelorMittal (MT) to Negative; Reflects Risk of Further Pricing Downside
Nov 16, 2015 10:58AM S&P Affirms Ratings on Marriott (MAR) Amid Move to Acquire Starwood (HOT); Outlook Stable
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Nov 11, 2015 11:16AM Molson Coors Brewing (TAP) Ratings Placed on Review for Downgrade by Moody's (BUD)
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