Moody's Cuts Sprint's (S) Corp. Family Rating to 'B1'; Sees Intense Challenges, Limited Ability to Respond Dec 17, 2014 04:48PM

Moody's Investors Service ("Moody's") downgraded several ratings of Sprint Corporation (NYSE: S)("Sprint" or "the company") including the company's Corporate Family Rating ("CFR") to B1 from Ba3, the company's Probability of Default Rating ("PDR") to B1-PD from Ba3-PD, Sprint's senior unsecured rating to B2 from B1 and lowered the company's Speculative Grade Liquidity Rating to SGL-3 from SGL-1. Moody's also assigned a Ba1 rating to Sprint's existing $3.3 billion... (continue reading...)


S&P Removes Salix Pharma (SLXP) from CreditWatch Negative Dec 17, 2014 04:14PM

Standard & Poor's Ratings Services today affirmed its 'B' corporate credit rating and issue-level ratings on Salix Pharmaceuticals Ltd. (NASDAQ: SLXP) and removed them from CreditWatch, where they were placed with negative implications on Nov. 7, 2014. The outlook is stable.

We had lowered the rating to 'B' from 'B+' and placed the ratings on CreditWatch negative on Nov. 7, 2014, when we learned that inventory levels were significantly higher than previously expected and... (continue reading...)


S&P Lowers Outlook on Liberty Property Trust (LPT) to Stable; Sees 'Persistently Difficult' Suburban Office Market Conditions Dec 17, 2014 03:38PM

Standard & Poor's Ratings Services today revised its outlook on Liberty Property Trust (NYSE: LPT) to stable from positive. We also affirmed the ratings, including the 'BBB' corporate credit rating on the company and 'BBB' issue-level rating on its senior unsecured notes.

"The outlook revision reflects our view that persistently difficult conditions in the suburban office market, along with increased development spending over the next 12 months, will delay improvement to... (continue reading...)


Moody's Rates Walgreens Boots Alliance (WAG) Commercial Paper Program at 'Prime-2 Commercial Paper' Dec 17, 2014 02:12PM

Moody's Investors Service today assigned a Prime-2 Commercial Paper rating to Walgreens Boots Alliance, Inc. (NYSE: WAG)("WBA") $3 billion commercial paper program. WBA existing senior unsecured notes rating of Baa2 is affirmed. At the same time, Moody's affirmed Walgreen Co. senior unsecured notes rating at Baa2 and $2.25 billion commercial paper program at Prime-2. The rating outlook remains stable. The rating is being assigned as a part of Walgreen Co.'s acquisition... (continue reading...)


S&P Downgrades Long-, Short-Term Ratings on STMicroelectronics N.V. (STM) to 'BBB-/A-3' Dec 17, 2014 11:30AM

Standard & Poor's Ratings Services said today that it had lowered its long- and short-term corporate credit ratings on Franco-Italian semiconductor manufacturer STMicroelectronics N.V. (NYSE: STM) (ST) to 'BBB-/A-3' from 'BBB/A-2'. The outlook is stable.

The downgrade reflects our anticipation that ST's operating performance will remain subdued over the next two years, partly due to weaker near-term industry demand, volatile revenue growth, and continued intense... (continue reading...)


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Dec 17, 2014 11:17AM Fitch Revises Outlook on GlaxoSmithKline plc (GSK) to Negative; Sees Financial Risks Increasing
Dec 16, 2014 05:53PM Moody's cuts Alaska's rating outlook to Negative on oil prices
Dec 16, 2014 04:43PM S&P Downgrades ARCP (ARCP) to 'BB';Remains on CreditWatch Negative
Dec 16, 2014 04:18PM Fitch cuts European Financial Stability Facility from 'AA+' to 'AA' (FXE)
Dec 16, 2014 03:27PM Atwood Oceanics (ATW) Outlook Lowered to Stable by Moody's; Deleveraging Seen Taking Longer
Dec 16, 2014 02:42PM Petrobras (PBR) Ratings Affirmed by S&P; SACP Assessment Revised to 'bb'
Dec 16, 2014 12:03PM Moody's Cuts American Realty Capital Properties' (ARCP) Unsecured Rating to Junk
Dec 16, 2014 09:20AM S&P Raises Rating on Bloomin\' Brands (BLMN) to 'BB'; Sees Firm Operating Trends Over Next Year
Dec 16, 2014 08:28AM S&P Lowers Ratings on Caesars Entertainment (CZR) Unit Following Missed Interest Payment
Dec 15, 2014 03:24PM AES Corp (AES) Ratings Affirms by Moody's Following IPALCO Stake Sale Plans
Dec 15, 2014 11:33AM MBIA (MBI) Still at Risk Amid Smaller Legacy Structured Finance Exposure - Moody's (AGO)
Dec 15, 2014 11:29AM S&P Places PetSmart (PETM) on CreditWatch Negative Following M&A Announcement
Dec 12, 2014 04:14PM UPDATE: France Cut to AA from AA+ at Fitch, Outlook Stable
Dec 12, 2014 04:14PM UPDATE: France Cut to AA from AA+ at Fitch, Outlook Stable
Dec 12, 2014 04:14PM UPDATE: France Cut to AA from AA+ at Fitch, Outlook Stable
Dec 12, 2014 12:31PM S&P Affirms Ratings on U.K.; Outlook Stable (FXB)
Dec 11, 2014 04:20PM S&P Affirms Ratings on Potlatch Corp. (PCH); Removes from CreditWatch Negative
Dec 11, 2014 02:58PM Fitch Raises Outlook on Bristol-Myers Squibb (BMY) to Stable; Notes Firm Leverage Level, Pipeline Progression
Dec 11, 2014 07:27AM S&P Raises Outlook on Chunghwa Telecom Co., Ltd (CHT) to Stable
Dec 10, 2014 04:54PM UPDATE: S&P Raises Molycorp (MCP) to 'CCC+'; Sees Average Recovery of Principal, Interest in Default
Dec 10, 2014 04:54PM UPDATE: S&P Raises Molycorp (MCP) to 'CCC+'; Sees Average Recovery of Principal, Interest in Default
Dec 10, 2014 04:28PM S&P Places eBay (EBAY) on Review for Downgrade
Dec 10, 2014 03:12PM S&P Lowers Outlook on Express (EXPR) to Negative; Sees Continued Operating Pressure into 2015
Dec 10, 2014 12:40PM S&P Cuts GrafTech (GTI) Two Notches to 'BB-'; Outlook Negative
Dec 10, 2014 08:56AM S&P Places MagnaChip (MX) on CreditWatch Negative; Sees Rise in Financial, Liquidity Risks
Dec 10, 2014 08:24AM S&P Places Conn's (CONN) on Review for Downgrade
Dec 9, 2014 02:25PM ManpowerGroup's (MAN) Long-Term Rating Upgraded to 'Baa2' by Moody's
Dec 9, 2014 12:43PM S&P Affirms Ratings of Irish Banks Amid Reduced Economic Risks (AIB) (IRE)
Dec 9, 2014 11:59AM Moody's Cuts Arcos Dorados (ARCO) Rating to 'Ba3'; Outlook Stable
Dec 9, 2014 08:11AM S&P Lowers Rating on Diamond Offshore Drilling (DO) to 'A-'; Outlook Negative
Dec 9, 2014 07:50AM TriMas Corp. (TRS) Ratings Under Review by Moody's Following Spinoff Plans
Dec 8, 2014 04:48PM S&P Assigns 'BBB' Corp. Rating to Brixmor Property Group (BRX)
Dec 8, 2014 04:44PM Moody's Raises US Concrete's (USCR) CFR to 'B2'; Notes Modestly Improving Fundamentals
Dec 8, 2014 04:41PM Speedway Motorsports (TRK) Rating Raised to 'BB+' by S&P
Dec 8, 2014 03:42PM Moody's Upgrades Whiting Petroleum (WLL) CFR to 'Ba1' Following Closure of Kodiak Deal
Dec 8, 2014 03:33PM Moody's Affirms Ratings on Merck (MRK) Following Cubist Pharma Acquisition Announcement
Dec 8, 2014 02:28PM S&P Boosts Corp. Rating on Pinnacle Foods (PF) to 'BB-';Notes Continued Debt Reduction
Dec 8, 2014 12:31PM S&P Affirms Long-Term, Short-Term Ratings on Fiat Chrysler Automobiles (FCAU)
Dec 8, 2014 11:19AM Moody's Upgrades Cummins Inc. (CMI) to 'A2'; Outlook is Stable
Dec 5, 2014 03:22PM S&P Places Alaska Communications (ALSK) on CreditWatch Positive
Dec 5, 2014 01:48PM S&P Affirms Ratings on Abercrombie & Fitch (ANF); Removes from CreditWatch Negative
Dec 5, 2014 11:47AM S&P Raises Ireland to 'A'; Outlook Stable (IRE) (AIB)
Dec 5, 2014 11:33AM Moody's Remains Negative on Reinsurance Segment (RE) (RNR) (MHLD) (PRE)
Dec 5, 2014 10:03AM Fitch Raises Home Depot (HD) to 'A'; Notes Improving Comps, FCF
Dec 4, 2014 04:36PM Nextera Energy (NEE) Ratings Affirms by S&P Amid Hawaiian Electric Deal
Dec 4, 2014 03:29PM S&P Cuts Becton Dickinson (BDX) to 'BBB+'; Cites Financing Plans, Increased Debt Leverage
Dec 4, 2014 02:59PM UPDATE: Enbridge, Subsidiaries Placed on CreditWatch Negative by S&P (ENB) (EEP)
Dec 4, 2014 02:59PM UPDATE: Enbridge, Subsidiaries Placed on CreditWatch Negative by S&P (ENB) (EEP)
Dec 4, 2014 11:59AM Clorox's (CLX) Shelf Registration Assigned 'BBB+' Rating by S&P
Dec 3, 2014 12:38PM Citigroup (Credit) Raises Hertz Global (HTZ) Senior Notes to Neutral; Downside Priced In
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