S&P Lowers Hornbeck Offshore Service (HOS) Issuer Rating to 'B+'; Sees Weakening Rates in 2015 Jul 2, 2015 04:25PM

Standard & Poor's Ratings Services today lowered its issuer credit rating on Hornbeck Offshore Service (NYSE: HOS) to 'B+' from 'BB-'. The outlook is stable.

At the same time, we affirmed our 'BB-' issue-level ratings on the company's senior unsecured debt and revised the recovery ratings to '2' from '3', indicating our expectation that lenders could expect substantial (70% to 90%) recovery in the event of a payment default. Our recovery expectations are in the upper... (continue reading...)


Centene (CNC) Ratings, Outlook Affirmed by S&P Amid Health Net (HNT) Acquisition Bid Jul 2, 2015 03:45PM

Standard & Poor's Ratings Services said today that it affirmed its 'BB' long-term counterparty credit rating on Centene (NYSE: CNC). The outlook is positive.

"The affirmation reflects our expectation that Centene's business risk profile assessment remains satisfactory and its financial risk profile assessment remains lower adequate following the proposed acquisition of Health Net," said Standard & Poor's credit analyst Julie Herman. The positive outlook on Centene... (continue reading...)


California GO Debt Raised to 'AA-' by S&P, Outlook Stable Jul 2, 2015 02:37PM

Standard & Poor's Ratings Services removed from CreditWatch and raised its rating on California's general obligation (GO) debt to 'AA-' from 'A+'. Standard & Poor's has also raised its rating on the state's general fund annual appropriation-secured debt to 'A+' from 'A'. The outlook on both ratings is stable.

"The rating action follows enactment of California's 2015-2016 budget, which, in our view, marks another step forward in the state's journey toward improved fiscal... (continue reading...)


S&P Affirms Ratings, Outllok on Springleaf Holdings (LEAF) Amid OneMain Acquisition Jul 2, 2015 12:30PM

Standard & Poor's Ratings Services said that it kept its 'B' counterparty credit and senior unsecured debt ratings on Springleaf Holdings (NYSE: LEAF) on CreditWatch with negative implications. At the same time, we kept our 'B+' counterparty credit and senior unsecured debt ratings on OneMain Financial Holdings Inc. on CreditWatch with negative implications.

"The CreditWatch placements in March followed the announcement that Springleaf will acquire OneMain for $4.25... (continue reading...)


Moody's Downgrades Kraft Foods Group (KRFT) L-T and Unsecured Ratings to 'Baa3' Jul 2, 2015 11:45AM

Moody's Investors Service ("Moody's") downgraded the Long Term Issuer Rating and senior unsecured debt rating of Kraft Foods Group, Inc. ("Kraft")(Nasdaq: KRFT) to Baa3 from Baa2 and withdrew the company's Prime-2 commercial paper rating. This action follows the approval by Kraft shareholders of the pending merger of Kraft into H.J. Heinz Company ("Heinz") to form The Kraft Heinz Foods Company ("Kraft Heinz Foods"). The rating action also concludes the rating review for... (continue reading...)


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Jul 2, 2015 07:46AM S&P Report Says Financial Contagion Risk Of A Grexit Should Be Containable
Jul 1, 2015 06:11PM Moody's Downgrades Puerto Rico to Caa3 from Caa2; Outlook Negative
Jul 1, 2015 04:44PM Moody's Downgrades Greece to 'Caa3'; May be Cut Further (GREK) (NBG)
Jul 1, 2015 02:39PM PVH Corp.'s (PVH) CFR Upgraded to 'Ba1' by Moody's; Outlook Stable
Jul 1, 2015 02:32PM ConAgra Foods (CAG) Ratings Put on CreditWatch Developing by S&P Following Divestiture Plans
Jul 1, 2015 12:38PM UPDATE: S&P Cuts Graham Holdings (GHC) to Junk; Business Risk Profile Weaker Following Cable Segment Spin
Jul 1, 2015 11:44AM Atmos Energy's (ATO) L-T IDR Upgraded to 'A-' by Fitch; Outlook is Stable
Jul 1, 2015 11:07AM Ecopetrol S.A. (EC) Ratings Affirmed by Moody's on SACP, Potential Gov't Support
Jun 30, 2015 04:28PM S&P Raises Outlook on Cenovus Energy (CVE) to Stable; Sees Sale Proceeds Funding Cash Flow Shortfall
Jun 30, 2015 03:16PM Moody's Lifts Outlook on J.C. Penney (JCP) to Positive; Operating Performance Shows Signs of Improvement
Jun 30, 2015 02:55PM Moody's Affirms SS&C Technologies (SSNC) Ratings Amid Proposed Senior Credit Facilities, Unsecured Notes
Jun 30, 2015 12:17PM S&P Cuts Ratings on Four Greek Banks to 'SD' (NBG)
Jun 30, 2015 11:19AM Moody's Lifts Outlook on Sony (SNE) to Positive; Notes Efforts to Deleverage, Improvement in Operating Performance
Jun 30, 2015 10:51AM S&P Downgrades Central European Media Enterprises (CETV) to 'B', Outlook to CreditWatch Negative
Jun 30, 2015 09:14AM S&P Cuts Puerto Rico's GO Rating to 'CCC-'; Removes from CreditWatch Negative (AGO) (MBI)
Jun 29, 2015 05:22PM Timken (TKR) Ratings Affirmed by S&P; Outlook Remains Positive
Jun 29, 2015 04:27PM S&P Raises Outlook on St. Jude Medical (STJ) to Stable
Jun 29, 2015 03:28PM Fitch Downgrades Puerto Rico to 'CC'; May Still be Cut Further
Jun 29, 2015 03:28PM Fitch Downgrades Puerto Rico's GO and Related Ratings to 'CC'; Maintains Rating Watch Negative
Jun 29, 2015 03:19PM Moody's Lifts Central Garden & Pet's (CENT) Corp. Family Rating to 'B1'; Outlook Stable
Jun 29, 2015 02:25PM UPDATE: S&P Cuts Greece to 'CCC-'; Outlook Remains Negative (GREK) (NBG)
Jun 29, 2015 02:16PM Pepsi (PEP) Senior Unsecured Debt Rating Raised to 'A' by S&P
Jun 29, 2015 12:19PM Moody's Lifts Outlook on Revlon (REV) to Stable
Jun 29, 2015 12:06PM Fidelity National Financial (FNF) IFS Ratings Raised to 'A-' by Fitch
Jun 26, 2015 12:30PM NN, Inc. (NNBR) Follow-on Stock Offering is Credit-Positive Development - Moody's
Jun 26, 2015 12:04PM Retail Opportunity Investments (ROIC) Ratings Affirms by S&P; Notes Well-Occupied, High-Barrier Shopping Centers
Jun 26, 2015 09:17AM Prolonged Talks Between Greece, Creditors Heightens Key Risks - Fitch (GREK) (NBG)
Jun 25, 2015 03:14PM Delhaize Group (DEG) Placed on CreditWatch Positive by S&P Following Ahold Announcement
Jun 25, 2015 02:34PM Moody's Lowers Outlook on CyrusOne (CONE) to Stable; Sees Operating Leverage at Less than 5.5x
Jun 24, 2015 05:49PM UPDATE: Ocwen Financial (OCN) Outlook Revised to Stable by Fitch; Ratings Affirmed
Jun 24, 2015 03:47PM Wal-mart (WMT) Should Gain More Grocery Market Share with 'Neighborhood Markets' - Moody's
Jun 24, 2015 03:21PM S&P Downgrades Zimmer Holdings (ZMH) to 'BBB'; Notes Leverage Increase on Biomet Deal
Jun 24, 2015 02:18PM Graham Holdings (GHC) Cut to Junk by Moody's; Outlook is Stable
Jun 24, 2015 11:58AM Moody's Sees Priceline Group's (PCLN) High-Growth Rates Slowing as Competition Increases
Jun 23, 2015 12:16PM 3M's (MMM) Acquisition of Capital Safety is Credit-Positive Development - Moody's
Jun 23, 2015 07:58AM S&P Upgrades Halcón Resources (HK) to 'B-'; Sees Further Debt-to-Equity Transactions as Unlikely
Jun 22, 2015 04:56PM S&P Places Williams Cos. (WMB) on CreditWatch Developing
Jun 22, 2015 04:02PM Moody's Downgrades Willbros Group (WG) to 'Caa1,' Outlook Negtive
Jun 22, 2015 02:00PM Moody's Upgrades Caleres (CAL) to 'Ba3'; Notes Lower Lease-Adjusted Debt/EBITDA
Jun 22, 2015 12:32PM Moody's Downgrades Enbridge (ENB), Enbridge Energy Partners (EEP) to 'Baa2'
Jun 22, 2015 11:03AM Anthem (ANTM), Cigna (CI) Placed on CreditWatch Negative by S&P
Jun 19, 2015 12:37PM Moody's Raises Outlook on RR Donnelley (RRD) to Stable; Sees Debt-to-EBITDA Leverage Declining Through mid-2016
Jun 19, 2015 09:22AM S&P Cuts Enbridge (ENB), Affiliates to 'BBB+'; Enbridge Energy Partners (EEP) Downgraded to 'BBB'
Jun 18, 2015 02:51PM S&P Affirms Ratings on Univar (UNVR) Following IPO; Debt Reduction Will Lead to Improved Credit Measures
Jun 18, 2015 01:17PM Fitch Upgrades GM's (GM) and GM Finanical's IDRs to 'BBB-'; Outlook Stable
Jun 18, 2015 12:20PM S&P Cuts Hercules Offshore (HERO) to 'CC' Following Restructuring Support Agreement
Jun 18, 2015 11:50AM Moody's Rates Hologic's (HOLX) $1B Senior Unsecured Notes at 'B1'; Company Still has 'Very Good' Liquidity
Jun 18, 2015 11:07AM S&P Places Hill-Rom Holdings (HRC) Ratings on CreditWatch Negative; Note Significantly Higher Leverage Levels
Jun 17, 2015 03:12PM Moody's Affirms Ratings, Outlook on NiSource (NI) Ahead of Company Split
Jun 17, 2015 03:05PM Danaher (DHR) Remains on CreditWatch Negative at S&P Pending Completion of Pall Corp. Deal
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