Allergan (AGN) Ratings, Outlook Affirmed by Fitch Dec 8, 2016 04:16PM

Fitch Ratings has affirmed the ratings of Allergan plc (Allergan; NYSE: AGN) and subsidiaries at 'BBB-'. The Rating Outlook is Stable.

A full list of rating actions, which apply to approximately $32.8 billion of debt outstanding at Sept. 30, 2016, follows at the end of this release.

KEY RATING DRIVERS

Scaled and Growing

Allergan is among the largest pharmaceutical companies in the world, with a diversified, durable, and growing product portfolio and a strong product... (continue reading...)


Fitch Affirms Ratings on Caterpillar (CAT) Dec 8, 2016 03:44PM

Fitch Ratings has affirmed the Issuer Default Ratings (IDR) at 'A' and revised the Rating Outlook to Negative from Stable for Caterpillar Inc. (NYSE: CAT), Caterpillar Financial Services Corporation (CFSC), and certain of CFSC's subsidiaries. A full list of rating actions follows at the end of this release.

NEGATIVE OUTLOOK

The revision to Negative reflects the impact of the extended downturn in CAT's machinery markets and an increased risk that the company could face... (continue reading...)


S&P Assigns 'B' Rating to American Midstream Partners (AMID); Outlook Stable Dec 8, 2016 02:09PM

S&P Global Ratings said today it assigned its 'B' corporate credit rating to American Midstream Partners L.P. (NYSE: AMID). The outlook is stable.

We also assigned our 'B' issue-level rating and '3' recovery rating to American Midstream's $300 million senior unsecured notes due 2024. The '3' recovery rating indicates that lenders can expect meaningful (50% to 70%; higher half of the range) recovery in the event of a payment default.

"The stable outlook reflects our... (continue reading...)


S&P Downgrades Memorial Production Partners (MEMP) to 'D' Dec 8, 2016 10:02AM

S&P Global Ratings today lowered its corporate credit ratings on Memorial Production Partners L.P. (Nasdaq: MEMP) to 'D' from 'CC'.

In addition, we lowered our senior unsecured issue-level rating to 'D' from 'C'. The recovery rating on this debt is '6', indicating our expectation of negligible (0%-10%) recovery for creditors in the event of a payment default.

"The downgrade reflects MEMP's failure to make the coupon payment due under its 2021 notes within the 30-day grace... (continue reading...)


Intralinks Holdings (IL) Ratings Placed on Review for Downgrade by S&P Dec 8, 2016 08:27AM

S&P Global Ratings placed its 'B+' corporate credit rating on IntraLinks Inc. on CreditWatch with negative implications.

We are affirming the 'BB' issue-level rating on the company's existing senior secured first-lien credit facility.

"The CreditWatch placement follows the announcement that Synchronoss will acquire IntraLinks for $900 million, with the boards of both companies having unanimously approved the transaction," said S&P Global Ratings credit analyst Geoffrey... (continue reading...)


More Credit Ratings

View Older Stories

Dec 7, 2016 04:36PM Moody's Lower Outlook on Italy to Negative; Ratings Affirmed (FXE)
Dec 7, 2016 11:44AM Moody's Upgrades Boston Scientific's (BSX) Unsecured Rating to 'Baa2'; Outlook Stable
Dec 6, 2016 11:44AM Norfolk Southern (NSC) Ratings Affirmed by Moody's; Outlook Remains Stable
Dec 6, 2016 06:49AM Moody's Upgrades Starwood Property Trust (STWD) to 'Ba2'; Outlook Stable
Dec 5, 2016 03:24PM S&P Places FairPoint Communications (FRP) on CreditWatch Positive Amid Merger Agreement
Dec 5, 2016 02:08PM S&P Downgrades Rowan Cos. (RDC) to 'B+'; Outlook is Stable
Dec 2, 2016 12:43PM Fitch Rates Nabors Industries (NBR) Unsecured Notes at 'BBB-'; Outlook Negative
Dec 2, 2016 11:47AM Moody's Lowers Outlook on Zayo Group (ZAYO) to Stable; Ratings Affirmed
Dec 2, 2016 11:31AM Moody's Assigns 'Ba3' Rating to Ritchie Bros. Auctioneers (RBA); Outlook Stable
Dec 2, 2016 08:10AM S&P Upgrades Mid-America Apartment (MAA) to 'BBB+' Amid Completed Merger; Outlook Stable
Dec 1, 2016 02:09PM Fitch Affirms Ratings on Aviva plc (AV) Following Recent Review
Dec 1, 2016 10:56AM Moody's Places Parker-Hannifin (PH) Ratings on Review for Downgrade
Dec 1, 2016 10:47AM S&P Lowers Outlook on Parker-Hannifin (PH) to Negative Amid CLARCOR (CLC) Deal
Dec 1, 2016 06:54AM S&P Places Zayo Group (ZAYO) on CreditWatch Positive
Nov 30, 2016 03:25PM S&P Places Ingram Micro (IM) Ratings on CreditWatch Negative
Nov 30, 2016 01:04PM Moody's Upgrades Diamondback Energy (FANG) to 'Ba3'; Outlook Revised to Positive
Nov 30, 2016 11:50AM S&P Assigns 'BB' Corp. Rating to Ritchie Bros. Auctioneers (RBA); Outlook is Stable
Nov 30, 2016 07:50AM Moody's Says Nord Anglia Education's (NORD) FY16 Results Inline with Expectations; Affirms Ratings
Nov 29, 2016 02:13PM Generac (GNRC) Ratings, Outlook Affirmed by S&P
Nov 29, 2016 12:46PM Moody's Downgrades Overseas Shipholding Group (OSG) to 'B3' Amid INSW Separation
Nov 29, 2016 12:09PM Fitch Affirms Ratings, Outlook on L-3 Communications (LLL); Rates Latest Notes Offering at 'BBB-'
Nov 29, 2016 10:17AM Pfizer (PFE) Ratings, Outlook Affirmed by S&P Following Recent Review
Nov 28, 2016 04:37PM S&P Downgrades Gulfmark Offshore (GLF) to 'CC'; Outlook Negative
Nov 28, 2016 04:19PM Moody's Lowers Outlook on Hertz Global (HTZ) to Negative
Nov 28, 2016 03:39PM S&P Downgrades Carpenter Technology (CRS) to 'BBB-'; Outlook is Negative
Nov 28, 2016 01:50PM BankUnited (BKU) Ratings, Outlook Affirmed by Moody's
Nov 28, 2016 11:23AM Fitch Sees AB InBev's (BUD) Post-Merger Dividend Limiting Deleveraging
Nov 23, 2016 02:31PM S&P Downgrades Rent-A-Center (RCII) to 'BB-'; Outlook Negative
Nov 23, 2016 11:41AM Lilly's (LLY) Solanezumab Phase 3 Miss is Credit-Negative Event - Moody's
Nov 23, 2016 10:54AM Energy Transfer Equity (ETE) Ratings Placed on Watch for Downgrade by S&P
Nov 23, 2016 06:59AM S&P Downgrades IMPAX Laboratories ((IPXL) to 'BB-'; Outlook Stable
Nov 22, 2016 02:15PM Sunoco Logistics Partners (SXL) Ratings Places on Review for Downgrade by Fitch
Nov 22, 2016 11:30AM S&P Upgrades DCT Industrial Trust (DCT) to 'BBB'; Outlook is Stable
Nov 22, 2016 07:48AM S&P Lowers Outlook on Caterpillar (CAT), Caterpillar Financial to Negative; Notes End-Market Weakness
Nov 21, 2016 03:55PM Moody's Moves Outlook on Spectrum Brands (SPB) to Developing ;Ratings Affirmed
Nov 21, 2016 02:35PM Moody's Changes Outlook on Community Health Systems (CYH) to Negative; SGL Rating Lowered
Nov 21, 2016 01:59PM S&P Assigns 'B-' Rating to Cvent, Inc. (CVT) Amid Recent Merger Deal
Nov 21, 2016 01:52PM Symantec (SYMC) Ratings Placed on CreditWatch Negative by S&P
Nov 18, 2016 12:05PM Moody's Affirms Ratings on Tesoro Petroleum (TSO); Outlook Remains Positive
Nov 18, 2016 08:17AM Moody's Sees JD.com's (JD) Potential Deconsolidation of JD Finance as Credit-Positive Development
Nov 17, 2016 03:41PM Estée Lauder (EL) Ratings, Outlook Affirmed by Moody's Following Recent Acquisitions
Nov 17, 2016 11:11AM S&P Downgrades CDK Global (CDK) to 'BB+'; Outlook Stable
Nov 17, 2016 08:57AM S&P Trims S-T Counterparty, CP Ratings on Allstate (ALL) to 'A-2'
Nov 16, 2016 04:29PM Moody's Affirms Ratings on Lowe's Cos. (LOW); Outlook is Stable
Nov 16, 2016 03:39PM Moody's Downgrades LSB Industries (LXU) to 'Caa1'; Outlook Stable
Nov 16, 2016 12:08PM Rex Energy (REXX) Ratings Withdrawn by Moody's
Nov 15, 2016 03:27PM United Technologies (UTX) Ratings Affirmed by Fitch Following Recent Review; Outlook Stable
Nov 15, 2016 02:59PM S&P Downgrades Stone Energy (SGY) to 'D'
Nov 15, 2016 01:10PM Moody's Places Harman (HAR) Ratings on Review for Upgrade
Nov 15, 2016 12:06PM S&P Downgrades Weatherford (WFT) to 'B+'; Outlook Negative
View Older Stories