Pioneer Energy Services (PES) Ratings Affirmed by S&P; Sees Being Able to Maintain Debt/EBITDA Level Apr 24, 2015 09:27AM

Standard & Poor's Ratings Services today affirmed its 'B+' corporate credit and issue-level ratings on Pioneer Energy Services Corp. (NYSE: PES). The outlook is stable. The recovery rating on the company's senior notes remains '4', indicating average (30% to 50%; at the upper half of the range) recovery in the case of a payment default.

"Our revision of the liquidity assessment on Pioneer Energy Services primarily reflects our expectation of lower EBITDA generation in... (continue reading...)

Moody's Sees VimpelCom (VIP) Retaining Competitive Position in Russia; Affirms Ratings, Outlook Apr 24, 2015 09:19AM

Moody's Investors Service confirmation of VimpelCom's (NASDAQ: VIP) rating at Ba3 with a stable outlook on 2nd April 2015 was primarily driven by the rating agency's expectation that the leverage of its subsidiary VimpelCom Holdings B.V. will remain under the required threshold for the rating on a long-term basis. The risks arising from VimpelCom Holdings' leverage temporarily rising above this threshold in 2015 will be mitigated by its strong liquidity and... (continue reading...)

Coca Cola (KO) Outlook Cut to Negative by S&P; Notes Recent Increased Debt, Mixed Earnings Apr 23, 2015 12:40PM

Standard & Poor's Ratings Services today revised the outlook on The Coca-Cola Co. (NYSE: KO) to negative from stable and affirmed all of the ratings on the company, including the 'AA' corporate credit rating.

"The outlook revision reflects debt balances that have increased in recent quarters as earnings have been mixed and the company continues to invest in various strategic initiatives, including productivity and refranchising its bottling operations," said Standard &... (continue reading...)

S&P Affirms Ratings on CNOOC Ltd. (CEO); Sees Cost Controls, Prudent Spending Withstanding Low Price Environment Apr 23, 2015 09:11AM

Standard & Poor's Ratings Services said today that it had affirmed its 'AA-' long-term corporate credit rating on CNOOC Ltd. CNOOC Ltd. (NYSE: CEO). The outlook is stable. We also affirmed our 'cnAAA' long-term Greater China regional scale rating on the third-largest oil exploration and production company in China. We also affirmed our 'AA-' issue rating and 'cnAAA' Greater China regional scale rating on the senior unsecured notes that CNOOC Ltd. guarantees.

"We affirmed... (continue reading...)

S&P Lifts Outlook on JCPenney (JCP) to Positive; Sees 'Modest Gains' Over Next Year Apr 22, 2015 12:16PM


  • J.C. Penney Co. Inc.'s turnaround efforts have returned comparable-store sales, margins, and EBITDA to positive territory while reducing cash burn and we believe this will continue.
  • We are revising our outlook to positive from stable, reflecting our view that there is a one-third chance over the next year or so that further successful execution of the merchandising turnaround, reduced cash burn, and EBITDA growth will result in a capital structure we believe is... (continue reading...)

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Apr 22, 2015 12:09PM S&P Cuts Warren Resources' (WRES) Rating to 'CCC+'; Notes Reduced Oil, Nat Gas Assumptions
Apr 22, 2015 10:03AM Moody's Affirms Mylan (MYL) at 'Baa3'; Moves Outlook to Developing (TEVA)
Apr 21, 2015 03:02PM S&P Lowers Outlook on Kellogg (K) to Negative; Could See Operational Challenges on Lower Cereal, Snack Sales
Apr 21, 2015 09:11AM S&P Places Ocwen Financial (OCN) on CreditWatch Negative; Sees Auditor Including 'Going Concern' Language (ASPS)
Apr 20, 2015 03:48PM S&P Cuts AMD (AMD) to 'B-'; Notes Weak Industry Conditions, High-Competitive PC Markets
Apr 20, 2015 02:05PM S&P Lowers Outlook on Resolute Energy (REN) to Negative; Leverage Deterioration Expected to Continue
Apr 20, 2015 11:46AM Service Corp's (SCI) Corporate Family Rating Raised to 'Ba2' by Moody's
Apr 17, 2015 03:04PM S&P Boosts Financial Strength, Counterparty Credit Ratings on Hartford Financial (HIG) to 'A+'
Apr 17, 2015 11:04AM S&P Upgrades Nokia (NOK) to 'BB+' Following Alcatel-Lucent (ALU) M&A News
Apr 16, 2015 02:54PM S&P Cuts CHC Group (HELI) CCR to 'B'; Credit Measures Seen Weaker than Expected
Apr 16, 2015 10:28AM UPDATE: S&P Downgrades Grainger (GWW) to 'AA+'; Outlook Lowered to Negative
Apr 15, 2015 03:13PM Apache Corp. (APA) Ratings Lowered to 'BBB+' by S&P; Sees High Ongoing Leverage
Apr 15, 2015 02:11PM S&P Removes National CineMedia (NCMI) Ratings from CreditWatch Negative Following Termination of Merger
Apr 15, 2015 12:03PM UPDATE: S&P Cuts Greece to 'CCC+'; Outlook Negative (GREK) (FXE)
Apr 15, 2015 11:18AM Rayonier Advanced Materials (RYAM) Outlook Lowered to Negative by S&P
Apr 14, 2015 05:17PM Moody's Cuts Ryland Group (RYL) CFR to 'Ba3'; Outlook Stable
Apr 14, 2015 04:21PM S&P Revises Outlook on First Horizon National (FHN) to Positive on DoJ, HUD Agreements
Apr 14, 2015 12:14PM Interpublic Group (IPG) Raised to 'BBB-' by S&P; Sees Operating Trends Continuing
Apr 14, 2015 10:51AM S&P Places AuRico Gold (AUQ) Ratings on CreditWatch Negative Following Proposed Merger (AGI)
Apr 13, 2015 03:07PM Home Loan Servicing (HLSS), Ocwen (OCN) Agreement Reduces Near-Term Uncertainty - Fitch
Apr 13, 2015 02:31PM S&P Downgrades MoneyGram (MGI) IDR to 'B+'; Outlook Stable
Apr 13, 2015 02:03PM S&P Places TRW Automotive (TRW) on CreditWatch Negative
Apr 13, 2015 12:36PM S&P Downgrades EPIQ Systems (EPIQ) to 'B+'; Financial Risk Profile Revised to 'Aggressive'
Apr 13, 2015 10:54AM S&P Places Several Iron Ore Names on CreditWatch Negative Amid Lower Price Assumptions (VALE) (BHP) (RIO)
Apr 10, 2015 03:23PM Diamond Offshore Drilling (DO) Ratings Lowered to 'BBB+' by S&P; Sees Weaker Credit Measures on Day-Rates, Fleet Utilization
Apr 10, 2015 02:17PM Apache Corp. (APA) Rating Cut to 'Baa1' by Moody's, Outlook to Negative
Apr 10, 2015 12:54PM S&P Raises Rating on Basic Energy Services (BAS) to 'B'; Outlook Stable
Apr 10, 2015 12:06PM Moody's Lowers Outlook on Shell (RDS-A) to Negative; Ratings Affirmed
Apr 10, 2015 11:41AM PG&E Corp. (PCG) Outlook Raised to Stable by S&P; Equity Offerings Able to Maintain Capital Structure
Apr 9, 2015 02:16PM Mylan (MYL) Ratings Placed on CreditWatch Negative by S&P Following Bid to Acquire Perrigo (PRGO)
Apr 9, 2015 02:10PM Constellation Brands (STZ) Initiation of Dividend Payment is Credit-Negative Event - Moody's
Apr 9, 2015 01:42PM Perrigo (PRGO) Placed on Watch Negative at Standard & Poor's on Potential Mylan Deal
Apr 9, 2015 01:39PM Mylan (MYL) on Watch Negative at Standard & Poor's On Potential Perrigo Deal
Apr 9, 2015 11:42AM Fitch Sees Shell (RDS-A), BG Group Deal Igniting Further Segment M&A
Apr 9, 2015 11:19AM Fitch Revises Brazil's Rating Outlook to Negative
Apr 9, 2015 10:17AM No Immediate Impact Seen on Mylan (MYL), Perrigo (PRGO) Ratings Following Deal Announcement - Moody's
Apr 9, 2015 10:14AM FedEx (FDX) Ratings Affirmed by S&P Amid TNT Express Bid
Apr 8, 2015 03:37PM Ocwen Financial (OCN), Home Loan Servicing (HLSS) in Focus Amid Increase in Servicer Rates - Fitch
Apr 8, 2015 02:22PM Trinity Rail Leasing Warehouse Trust's $1B Revoking Notes Rating Affirmed by S&P (TRN)
Apr 8, 2015 12:13PM Science Applications Int'l (SAIC) Assigned 'BB' Rating by S&P; Outlook Stable
Apr 7, 2015 05:08PM FedEx (FDX) Outlook Lowered to Negative by Moody's Following TNT Express Announcement
Apr 7, 2015 03:42PM S&P Raises Go Daddy (GDDY) to 'B+'; Sees Debt Leverage Continuing to Decline
Apr 7, 2015 02:12PM Moody's Moves Outlook on AbbVie (ABBV) to Negative Following Review on Pharmacyclics (PCYC) Deal
Apr 7, 2015 12:28PM Moody's Sees Vast Majority of U.S. LNG Projects Cancelled; Cheniere's (LNG) Corpus Christi project Likeliest to Move Forward
Apr 7, 2015 12:05PM Moody's Clarifies Stance on Staples (SPLS) Following Launch of Proposed Financing
Apr 7, 2015 11:01AM UPDATE: S&P Raises Oracle (ORCL) to 'AA-'; Financial Policy Modifier Lifted to 'Neutral'
Apr 6, 2015 03:07PM S&P Cuts Harsco Corp. (HSC) Rating to 'BB', Outlook Negative; Metals, Minerals Performance Seen Pressured
Apr 6, 2015 12:04PM Matador Resources (MTDR) Assigned 'B' Rating by S&P; Outlook Stable
Apr 6, 2015 11:25AM Ventas (VTR) Ratings Affirmed by S&P Following Plans to Spin SNFs into REIT
Apr 2, 2015 03:30PM S&P Lowers Outlook on Oi S.A. (OIBR) to Negative; Ratings Affirmed
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