Viacom's (VIA) Leadership Changes Not Expected to Impact Ratings, Outlook - Moody's Feb 8, 2016 09:19AM

Moody's Investors Service said that Viacom Inc.'s (Nasdaq: VIAB) announcement to appoint Mr. Philippe Dauman as President and Executive Chairman of the company, following Mr. Sumner Redstone's resignation as Chairman, is not expected to impact the company's Baa2 senior unsecured debt rating or the stable outlook. Mr. Dauman has served as the company's CEO's since 2006 and will continue to serve in that position going forward. The company also announced that it has... (continue reading...)


S&P Places Brixmor Property Group (BRX) on CreditWatch Negative Amid Improper Comps Reporting, Exec Departures Feb 8, 2016 07:51AM

Standard & Poor's Ratings Services said it has placed its ratings on New York-based real estate investment trust Brixmor Property Group Inc. (Brixmor)(NYSE: BRX), including its 'BBB-' long-term corporate credit rating, on CreditWatch with negative implications.

The CreditWatch placement follows the company's recent announcement that it will delay its fourth-quarter and full-year 2015 earnings release because of the improper reporting of a same store non-GAAP accounting... (continue reading...)


Symantec's (SYMC) $5.5B Capital Return Program is Credit-Negative Development - Moody's Feb 5, 2016 03:31PM

Moody's Investor Service said Symantec Corporation's (Nasdaq: SYMC) recently announced $5.5 billion Capital Return Program supplemented by an additional $500 million convertible note offering and an unspecified amount of additional debt is credit negative particularly as it embarks on a significant cost reduction plan and attempts to stabilize declines in its Consumer business. For more information, please see the Issuer Comment recently published on www.moodys.com


CBS Corp. (CBS) Leadership Changes Will Not Affect Rating - Moody's Feb 5, 2016 02:29PM

Moody's Investors Service said that CBS Corp.'s (NYSE: CBS) announcement to appoint Mr. Leslie Moonves as the next Executive Chairman, following Mr. Sumner Redstone's resignation from his position as Chairman, will not impact the company's Baa2 senior unsecured rating or the stable outlook. Mr. Moonves has been with the company since 1995 and has served as CEO since 2006. He will continue to serve as President and CEO of the company.

In Moody's opinion, the stepping down... (continue reading...)


Fitch Cuts GOL Linhas (GOL) IDRS to 'CCC'; Sees Weakening Results Amid Brazil's Macro Environment Feb 5, 2016 11:47AM

Fitch Ratings has downgraded the ratings for Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL) and its fully owned subsidiaries as follows:

Gol Linhas Aereas Inteligentes S.A. (GOL):--Long-term foreign and local currency Issuer Default Ratings (IDRs) to 'CCC' from 'B-';--Long-term national rating to 'CCC(bra)' from 'BBB-(bra)';--USD200 million perpetual bonds to 'CCC-/RR5' from 'B-/RR4'.

VRG Linhas Aereas S.A. (VRG):--Long-term foreign and local currency IDRs to 'CCC' from... (continue reading...)


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Feb 5, 2016 11:39AM S&P Downgrades Symantec (SYMC) to 'BBB-'; Outlook to Stable on Veritas Sale
Feb 5, 2016 07:45AM S&P Downgrades LINN Energy (LINE) to 'CCC'; Notes Liquidity Concerns
Feb 4, 2016 03:24PM Moody's Lowers Outlook on Methanex (MEOH) to Negative; Ratings Affirmed
Feb 4, 2016 02:20PM S&P Assigns 'BBB-' Rating to Electronic Arts (EA); Outlook Stable
Feb 4, 2016 11:48AM Moody's Places Syngenta (SYT) Ratings on Review for Downgrade Amid ChemChina Deal
Feb 4, 2016 10:36AM S&P Reaffirms Ratings on Lowe's Cos. (LOW) Amid Move to Acquire RONA
Feb 3, 2016 05:24PM Cliffs Natural Resources (CLF) Downgraded to 'Ca' by Moody's; Outlook Negative
Feb 3, 2016 05:23PM Moody's Cuts SFX Entertainment's (SFXE) Probability of Default Rating to 'D-PD' Amid Ch. 11 Filing
Feb 3, 2016 02:54PM S&P Assigns 'BBB' Rating to Brookfield Property Partners L.P. (BPY): Outlook Stable
Feb 3, 2016 11:45AM S&P Lowers Outlook on NewStar Financial (NEWS) to Negative; Leverage Moving Above Tolerance
Feb 3, 2016 11:03AM S&P Downgrades EnLink Midstream Partners (ENLK) to 'BBB-'; Follows Rating Action on Devon (DVN)
Feb 2, 2016 03:02PM UPDATE: S&P Takes Actions on 20 Oil Cos.; Chevron (NYSE: CVX), Hess Corp. (NYSE: HES) Downgraded
Feb 2, 2016 11:33AM S&P Downgrades Lands' End (LE) to 'B' Following Recent Quarterly Results
Feb 2, 2016 09:23AM Abbott's (ABT) Ratings Placed on CreditWatch Negative by S&P Amid Alere (ALR) Deal
Feb 2, 2016 08:40AM AB InBev, SABMiller Deal Unlikely to Alter Competitive Landscape in Europe - Moody's (BUD)
Feb 1, 2016 03:22PM S&P Places Stryker (SYK) Ratings on Review for Downgrade
Feb 1, 2016 03:05PM S&P Downgrades Warren Resources (WRES) to 'D' Amid Missed Interest Payment
Feb 1, 2016 02:49PM S&P Revises Outlook on Kimberly-Clark (KMB) to Negative; Notes High Level of Shareholder Payments
Feb 1, 2016 12:29PM Rio Tinto plc (RIO) Placed on CreditWatch Negative by S&P
Feb 1, 2016 11:31AM Fitch Downgrades Xerox Corp. (XRX) to 'BBB-' Amid Separation Plans
Jan 29, 2016 03:16PM UPDATE: Xerox Corp. (XRX) Cut to 'BBB-' by S&P; May be Dpwngraded Further to Junk
Jan 29, 2016 02:39PM S&P Upgrades SL Green Realty (SLG) to 'BBB-'; Outlook Stable
Jan 29, 2016 02:03PM Moody's Sees Save-A-Lot Spin Weakening SUPERVALU's (SVU) Credit Profile
Jan 29, 2016 12:26PM S&P Cuts Vale S.A. (VALE) to 'BBB-'; Outlook Negative
Jan 29, 2016 11:45AM Moody's Lowers Outlook on Hubbell (HUBB) to Negative; Profits Expected to Continue Weakening
Jan 29, 2016 09:48AM S&P Downgrades Cliffs Natural Resources (CLF) to 'CC' Amid Private Debt Exchange Offer
Jan 29, 2016 08:38AM Xerox Corp. (XRX) Ratings Placed on Review for Downgrade by Moody's Amid Separation Plans
Jan 28, 2016 04:50PM Moody's Cuts Unsecured Ratings of Biomed Realty Trust (BMR) to 'Ba1' Following Review
Jan 28, 2016 02:34PM First Horizon National (FHN) Ratings Affirmed by Fitch Following Periodic Review; Outlook Stable
Jan 28, 2016 12:35PM S&P Upgrades Cheniere Energy (LNG) to 'BB-'; Notes Improved Business Risk Profile
Jan 28, 2016 11:10AM S&P Starts Shire plc (SHPG) at 'BBB-'; Outlook Stable
Jan 27, 2016 05:17PM S&P Downgrades CSI Compressco LP (CCLP) to 'B-'; Notes Continued Pressure on Nat Gas Prices
Jan 27, 2016 02:16PM Newell's (NWL) Acquisition of Jarden (JAH) Poses High Integration Risks, Increased Leverage - Moody's
Jan 27, 2016 11:57AM S&P Lowers Outlook on Legg Mason (LM) to Stable; Now Sees Leverage Increasing
Jan 27, 2016 10:09AM S&P Downgrades Nord Anglia Education (NORD) to 'B'; Sees Leverage Remaining High in Near Term
Jan 26, 2016 04:57PM S&P Places Leidos (LDOS) on Watch for Possible Downgrade (LMT)
Jan 26, 2016 04:49PM S&P Downgrades TSYS (TSS) to 'BBB-' Amid TransFirst Deal
Jan 26, 2016 03:41PM S&P Lowers Outlook on Parkway Properties (PKY) to Negative; Notes Limited Scale, Geographical Concentration
Jan 26, 2016 12:32PM Fitch Lowers Outlook on AIG (AIG) to Stable; Notes $3.6B Pretax Charge
Jan 26, 2016 11:58AM Fitch Affirms Ratings of TE Connectivity (TEL) Following Recent Q1 Results
Jan 26, 2016 11:14AM S&P Lowers Outlook on Enable Midstream Partners (ENBL) to Negative; Notes Pressured Hydrocarbon Prices
Jan 25, 2016 05:38PM Chesapeake Energy (CHK) Cut to CCC+ from B at S&P; Outlook Negative
Jan 25, 2016 04:55PM S&P Lifts Outlook on Mallinckrodt (MNK) to Positive; Sees Leverage Improving in 2016
Jan 25, 2016 03:36PM Fitch Downgrades Weatherford (WFT) to Junk
Jan 25, 2016 02:04PM Tyco Int'l Finance Ratings Placed on Review for Downgrade by Moody's (JCI) (TYC)
Jan 25, 2016 12:58PM Moody's Raises Outlook on Johnson Controls (JCI) to Positive Amid Tyco Int'l Merger
Jan 25, 2016 11:53AM Moody's Places Legg Mason's (LM) Ratings on Watch for Possible Downgrade
Jan 25, 2016 11:36AM S&P Downgrades CNOOC Ltd. (CEO) to 'A+'; Notes Still-Pressured Oil Prices, Lowered Assumptions
Jan 22, 2016 03:32PM Fitch Sees Bank of New York (BK) Continuing to Have Active Levers Following Q4 Results
Jan 22, 2016 02:43PM S&P Downgrades Joy Global (JOY) to 'BBB-'; Outlook Negative
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