Universal (UVV) No Longer Under S&P 'Ccriteria Observation'; Normal Outlook Still Negative Jan 30, 2015 03:52PM

Standard & Poor's Ratings Services today affirmed its ratings on Richmond, Va.-based Universal Corp. (NYSE: UVV), including our 'BBB-' corporate credit rating. The outlook is negative. The rating is no longer under criteria observation, where we placed it on Jan. 29, 2015, following the release of revised criteria for rating agribusiness and commodity foods companies.

"The rating affirmation reflects our view that Universal's weak profit performance over the past 12-18... (continue reading...)


AMC Networks (AMCX) Ratings Affirmed by S&P; Financial Risk Profile Revised to 'Significant' Jan 30, 2015 03:00PM

Standard & Poor's Ratings Services said today that it affirmed its 'BB' corporate credit rating on AMC Networks Inc. (Nasdaq: AMCX). The rating outlook remains stable.

We revised our financial risk profile assessment on AMC Networks to "significant" from "aggressive." Our business risk profile assessment remains "satisfactory," based on the following factors:

  • The company's dependence on a single cable network, AMC, as the largest individual network contributor to its... (continue reading...)

S&P Cuts Teck Resources (TCK) to 'BBB-'; Cites Sharp Drop in Copper Prices, Lack of Faith in Met Coal Rebound Jan 30, 2015 12:41PM

Standard & Poor's Ratings Services said it lowered its long-term corporate credit and issue-level ratings on Canada-based diversified mining company Teck Resources Ltd. (NYSE: TCK) to 'BBB-' from 'BBB'. The outlook is stable.

"The downgrade on Teck follows the sharp recent deterioration in copper prices, and our expectation that metallurgical coal prices will not rebound from currently weak levels at least through 2015," said Standard & Poor's credit analyst Jarrett... (continue reading...)


S&P Lowers Outlook on Alliance Resource Partners (ARLP) to Negative; Notes Likely Leverage Increase Jan 30, 2015 11:04AM

Highlights:

  • We expect Atlas Resource Partners L.P.'s debt leverage to rise to levels that approach our downgrade trigger for the ratings and we believe liquidity could weaken.
  • We are revising our rating outlook on Atlas to negative from stable and affirming our 'B' corporate credit rating on the company. We are also affirming our 'B-' rating on the company's senior unsecured notes, and leaving the and '5' recovery rating unchanged.
  • The negative outlook reflects our... (continue reading...)

UPDATE: S&P Raises Outlook on Diamond Foods (DMND) to Positive; Profitability Continues Showing Modest Improvement Jan 29, 2015 02:53PM (Updated - January 29, 2015 2:53 PM EST)

Standard & Poor's Ratings Services revised its outlook on San Francisco-based Diamond Foods Inc. (Nasdaq: DMND) to positive from stable. We also affirmed all ratings on the company, including our 'B-' corporate credit rating.

"The outlook revision reflects our expectation that Diamond's operating performance has stabilized and profitability has continued to modestly improve," said Standard & Poor's credit analyst Bea Chiem. "We... (continue reading...)


More Credit Ratings

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