S&P Assigns 'BBB+' Rating to CBOE Holdings (CBOE); Outlook is Stable Sep 26, 2016 05:11PM

S&P Global Ratings said it assigned its 'BBB+' long-term issuer credit rating to CBOE Holdings, Inc. (Nasdaq: CBOE) The outlook is stable.

"The rating on CBOE reflects our view of its leading position among equity options exchange operators in the U.S.," said S&P Global Ratings credit analyst Daniel Koelsch. The rating also reflects the group's scalable technology platform, its capacity to generate strong cash flow from operations, and its strong financial risk profile... (continue reading...)

Moody's Upgrades Casella Waste Systems (CWST) to 'B2'; Outlook is Stable Sep 26, 2016 03:47PM

Moody's Investor Services (Moody's) upgraded Casella Waste Systems, Inc.'s (Nasdaq: CWST) Corporate Family Rating (CFR) to B2 from B3 and the Probability of Default Rating to B2-PD from B3-PD. At the same time, Moody's affirmed Casella's Speculative Grade Liquidity Rating at SGL-3. The rating outlook is stable.

Concurrent with these rating actions, Moody's assigned B1 ratings to Casella's proposed $150 million revolving credit facility and $350 million term loan B, the... (continue reading...)

Moody's Affirms Pfizer's (PFE) Ratings Amid Decision Not to Split Company Sep 26, 2016 02:12PM

Moody's Investors Service ("Moody's") affirmed the ratings of Pfizer Inc. (NYSE: PFE) and related subsidiaries, including the A1 senior unsecured long-term rating and the Prime-1 commercial paper rating. At the same time, Moody's revised the rating outlook to stable from negative. This rating action follows the announcement that Pfizer will not pursue a split of its pharmaceutical business.

"Pfizer's decision to keep the business whole removes a key overhang to the... (continue reading...)

Moody's Places Chemtura (CHMT) Ratings on Review for Upgrade Sep 26, 2016 12:16PM

Moody's Investors Service placed Chemtura Corporation's (NYSE: CHMT) Ba3 Corporate Family Rating (CFR), Ba3-PD probability of default rating and B1 senior unsecured guaranteed notes rating on review for upgrade.

This action follows the announcement that Chemtura has agreed to be acquired by Lanxess AG (Baa3, Stable) for a total consideration of $2.5 billion, or 10x EBIDTA on a pre-synergy basis.

The transaction has been approved by each of Chemtura's and Lanxess's boards... (continue reading...)

Lionsgate (LGF) Ratings Affirmed by Moody's; Outlook Stable Sep 23, 2016 03:16PM

Moody's Investors Service confirmed Lions Gate Entertainment Corp.'s (NYSE: LGF) Ba3 Corporate Family rating (CFR) and Ba3-PD Probability of Default rating following the company's announcement earlier this year to acquire Starz, LLC ("Starz") for cash and stock. Concurrently, Moody's assigned a Ba2 rating to the company's new first lien senior secured credit facility, consisting of a $1 billion revolver due 2021, $1 billion term loan A due 2021 and a $1.9 billion term... (continue reading...)

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Sep 23, 2016 11:46AM S&P Removes Xylem (XYL) Ratings from CreditWatch; Outlook is Negative
Sep 23, 2016 08:23AM S&P Lowers Outlook on Tech Data (TECD) to Negative; Ratings Affirmed
Sep 22, 2016 04:09PM Moody's Places Alcoa (AA) Ratings on Review for Downgrade
Sep 22, 2016 02:59PM Fitch Affirms Ratings on Avnet (AVT); Outlook Remains Stable
Sep 22, 2016 10:57AM Cummins (CMI) Ratings Affirmed by Fitch; Outlook is Stable
Sep 22, 2016 09:29AM Moody's Downgrades Viacom (VIAB) to 'Baa3'; Outlook is Stable
Sep 22, 2016 07:11AM S&P Upgrades Foresight Energy LP (FELP) to 'B-' Following Recent Restructuring
Sep 21, 2016 03:13PM S&P Upgrades Halcon Resources (HK) to 'B-' Following Emergence from Bankruptcy
Sep 21, 2016 10:38AM Eldorado Gold (EGO) Ratings, Outlook Affirmed by S&P
Sep 20, 2016 03:06PM S&P Rates Alcoa (AA) at 'BB-' Amid Upstream, Downstream Separation
Sep 20, 2016 08:26AM S&P Cuts Chesapeake Energy (CHK) to 'SD' Following Nonconvertible Notes Tender
Sep 19, 2016 05:22PM S&P Lifts Outlook on IAMGOLD Corp. (IAG) to Positive; Ratings Affirmed
Sep 19, 2016 02:31PM Community Health Systems (CYH) Ratings Placed on Watch Evolving by Fitch
Sep 19, 2016 02:05PM S&P Upgrades Multi Packaging Solutions (MPSX) to 'B+'; Outlook Stable
Sep 19, 2016 11:52AM S&P Downgrades ON Semiconductor (ON) to 'BB' Following Fairchild Semi Deal Closure
Sep 16, 2016 02:34PM Fitch Affirms Wal-mart (WMT) IDR at 'AA'; Outlook is Stable
Sep 16, 2016 02:30PM S&P Downgrades Basic Energy Services (BAS) to 'D' Amid Forbearance Agreement
Sep 16, 2016 01:56PM S&P upgrades Hungary in surprise gift to PM Orban
Sep 15, 2016 05:03PM S&P Lifts Outlook on U.S. Steel (X) to Stable; Ratings Affirmed
Sep 15, 2016 02:03PM Structure of Monsanto (MON), Bayer Deal Reflects Financial Risks - Fitch
Sep 15, 2016 12:35PM Moody's Upgrades W&T Offshore (WTI) to 'Caa2'; Outlook Lowered to Negative
Sep 15, 2016 11:54AM S&P Downgrades Monsanto (MON) to 'BBB'; Ratings Placed on CreditWatch Positive
Sep 15, 2016 10:39AM Wal-mart (WMT), Best Buy (BBY) Said Thriving Online as Amazon (AMZN) Leads - Moody's
Sep 15, 2016 07:25AM S&P Lifts Outlook on Anadarko Petroleum (APC) to Stable; Ratings Affirmed
Sep 14, 2016 02:18PM Moody's Rates Activision Blizzard's (ATVI) Latest Debt Offering at 'Baa2'
Sep 14, 2016 11:21AM S&P Downgrades Allegiant Travel (ALGT) to 'BB-'; Notes Expectations of Declining Metrics
Sep 14, 2016 07:21AM S&P Places Agrium (AGU) on CreditWatch Positive Amid PotashCorp (POT) Deal
Sep 13, 2016 04:56PM Brinker International (EAT) Downgraded to 'BB+' by S&P; Outlook is Stable
Sep 13, 2016 02:55PM S&P Assigns 'B' Rating to Callon Petroleum (CPE); Outlook is Stable
Sep 13, 2016 02:05PM S&P Upgrades W&T Offshore (WTI) to 'CCC'; Outlook is Negative
Sep 13, 2016 11:29AM S&P Assigns 'AA-' Rating to Cisco Systems (CSCO) Proposed Senior Unsecured Notes
Sep 13, 2016 06:41AM Roche (RHHBY) Ratings Affirmed by Fitch; Outlook Remains Stable
Sep 12, 2016 04:24PM Moody's Places Open Text (OTEX) Ratings on Review for Downgrade
Sep 12, 2016 02:10PM Moody's Downgrades HD Supply Holdings (HDS) Secured Ratings to 'B1'
Sep 12, 2016 01:12PM Wells Fargo sales practices problems are credit negative: Moody's
Sep 12, 2016 11:00AM Moody's Upgrades IMS Health (IMS) to 'Ba2'; Outlook is Stable
Sep 9, 2016 03:05PM S&P Lowers Outlook on Brown-Forman (BF-A) to Negative; Ratings Affirmed
Sep 9, 2016 12:39PM Moody's Withdraws Ratings on SAExploration (SAEX)
Sep 8, 2016 11:46AM Moody's Lifts Outlook on Spectrum Brands (SPB) to Positive; CFR Affirmed
Sep 8, 2016 11:18AM S&P Downgrades Westlake Chemical (WLK) to 'BBB' Following Completion of Axiall Deal
Sep 8, 2016 08:17AM S&P Assigns 'B' Rating to Polycom (PLCM); Outlook is Stable
Sep 7, 2016 03:14PM S&P Affirms Ratings, Outlook on Advanced Micro Devices (AMD); Rates New Senior Conv. Notes
Sep 7, 2016 02:09PM Ftich Affirms Ratings, Outlook on Allison Transmission (ALSN), Subsidiary Following Review
Sep 7, 2016 12:24PM S&P Places Navistar (NAV) Ratings on CreditWatch Positive Amid Volkswagen Deal
Sep 7, 2016 11:27AM Moody's Lifts Outlook on Advanced Micro Devices (AMD) to Positive; Ratings Affirmed
Sep 7, 2016 10:49AM S&P Upgrades NVIDIA (NVDA) to 'BBB-'; Outlook is Positive
Sep 6, 2016 02:35PM S&P Places Danaher's (DHR) Ratings on CreditWatch Negative Amid Move to Acquire Cepheid
Sep 6, 2016 02:08PM Spectra Energy (SE) Ratings Affirmed by Moody's Amid Merger Agreement
Sep 6, 2016 11:34AM Danaher's (DHR) Acquisition of Cepheid is Credit-Negative Development - Moody's
Sep 2, 2016 11:58AM S&P Downgrades Westlake Chemical (WLK) to 'BBB' Amid Axiall Acquisition
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