S&P Lowers Outlook on Berry Plastics Group (BERY) to Stable Amid AEP Industries Deal Aug 26, 2016 08:22AM

S&P Global Ratings said that it has revised its outlook on Berry Plastics Group Inc. (NYSE: BERY) to stable from positive and affirmed all of its ratings on the company.

"The outlook revision reflects our belief that Berry's credit metrics will remain elevated after it completes its acquisition of AEP," said S&P Global credit analyst Daniel Lee. "We had previously assigned a positive outlook to Berry because the company was pursuing an aggressive debt reduction... (continue reading...)

Moody's Cuts Pactera Technology (PACT) to 'B2'; Remains on Review for Downgrade Aug 26, 2016 07:08AM

Moody's Investors Service has downgraded the corporate family rating of Pactera Technology International Ltd. (Nasdaq: PACT) to B2 from B1.

Moody's has also downgraded to B2 from B1 the senior secured debt rating on the notes issued by BCP Singapore VI Cayman Financing Company Ltd (BCP Financing Co.) and guaranteed by Pactera.

Both ratings are on review for downgrade.


"The downgrade of Pactera's corporate family rating to B2 reflects our concerns that... (continue reading...)

Moody's Lowers Outlook on Signet (SIG) to Negative; Ratings Affirmed Aug 25, 2016 05:06PM

Moody's Investors Service, ("Moody's") revised Signet UK Finance plc's rating outlook from stable to negative. All other ratings including the Baa3 senior unsecured rating were affirmed. Signet UK Finance plc is an indirect subsidiary of Signet Jewelers Limited (together, "Signet"). The change in outlook is prompted by the company's announcement of the issuance of $625 million of convertible preferred stock to repurchase common shares. All ratings actions are detailed... (continue reading...)

S&P Downgrades Tyco International (TYC) to 'BBB+'; Outlook is Stable Aug 25, 2016 03:54PM

S&P Global Ratings said that it has lowered its corporate credit rating on Tyco International PLC (NYSE: TYC) to 'BBB+' from 'A-' and removed the rating from CreditWatch, where we placed it with negative implications on Jan. 25, 2016. The outlook is stable

At the same time, we affirmed our 'BBB+' corporate credit rating on Johnson Controls Inc. (JCI; which will become a core subsidiary of Tyco) and removed the rating from CreditWatch, where we placed it with positive... (continue reading...)

Moody's Downgrades Erickson (EAC) Ratings Two-Notches to 'Caa3'; Outlook Remains Negative Aug 25, 2016 03:14PM

Moody's Investors Service, ("Moody's") downgraded the ratings assigned to Erickson Incorporated (Nasdaq: EAC): Corporate Family to Caa3 from Caa1, Probability of Default to Caa3-PD from Caa1-PD and Senior Secured Second Lien Notes to Ca from Caa2. Concurrently, Moody's affirmed the Speculative Grade Liquidity rating at SGL-4 (weak). The ratings outlook remains negative.

Moody's has taken the following actions:

Issuer -- Erickson Incorporated:

Corporate Family Rating,... (continue reading...)

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Aug 25, 2016 02:43PM S&P Places AEP Industries (AEPI) Ratings on CreditWatch Positive Amid Merger Agreement
Aug 25, 2016 02:03PM Moody's Places Ratings of Berry Plastics Group (BERY) on Review for Downgrade
Aug 25, 2016 08:05AM S&P Downgrades Rio de Janeiro to 'CCC-'; Outlook is Negative (EWZ)
Aug 24, 2016 11:52AM S&P Lifts Outlook on Isle of Capri Casinos (ISLE) to Positive; Ratings Affirmed
Aug 24, 2016 09:15AM S&P Places Pactera Technology (PACT) Ratings on CreditWatch Developing
Aug 23, 2016 03:33PM S&P Lowers Outlook on Concordia International (CXRX) to Stable; Ratings Affirmed
Aug 23, 2016 02:41PM S&P Upgrades XPO Logistics (XPO) to 'B+'; Outlook is Positive
Aug 23, 2016 11:16AM Moody's Lifts Outlook on Travelport Worldwide (TVPT) to Positive; Ratings Affirmed
Aug 22, 2016 03:55PM Viacom (VIAB) Ratings Affirmed by Fitch Amid Exec Transition
Aug 22, 2016 02:22PM S&P Revises Ratings Watch Implications for CST Brands (CST) to Positive Amid M&A Deal
Aug 22, 2016 02:13PM Moody's Affirms Ratings on Pfizer (PFE) Amid Move to Acquire Medivation (MDVN); Outlook Remains Negative
Aug 22, 2016 12:22PM S&P Upgrades VEREIT (VER) to 'BB+'; Outlook is Positive
Aug 22, 2016 11:58AM S&P Upgraded Brunswick (BC) to 'BBB-'; Outlook Stable
Aug 22, 2016 11:24AM Fitch Corrections Corp. (CXW) on Review for Downgrade
Aug 22, 2016 08:53AM Moody's Says GE's (GE) Plan to Take on $20B in Debt Could Pressure Ratings
Aug 19, 2016 03:43PM S&P Downgrades Corrections Corp. (CXW) to 'BB'; Places Ratings on CreditWatch Negative
Aug 19, 2016 03:28PM S&P Lifts Outlook on Concho Resources (CXO) to Positive; Ratings Affirmed
Aug 19, 2016 02:30PM S&P Places Chesapeake Energy's (CHK) First- and Second-Lien Debt Ratings on CreditWatch Positive
Aug 19, 2016 12:24PM Moody's Upgrades Ply Gem Holdings (PGEM) to 'B1'; Outlook Remains Stable
Aug 19, 2016 11:51AM Moody's Raises Outlook on Barrick Gold (ABX) to Stable; Ratings Affirmed
Aug 19, 2016 10:09AM Moody's Cuts Corrections Corp. (CXW) to 'Ba1'; Outlook Lowered to Negative
Aug 19, 2016 10:08AM Moody's Downgrades GEO Group (GEO) to 'B1'; Outlook Revised to Negative
Aug 18, 2016 03:38PM Vanguard Natural Resources (VNR) Upgraded to 'CCC-' by S&P; Follows Partial Unsecured Notes Exchange
Aug 18, 2016 02:52PM Chesapeake Energy (CHK) Ratings Affirmed by Fitch; Outlook Negative; Offers Expected Rating on $1.5B Term Loan
Aug 18, 2016 02:21PM S&P Downgrades Bonanza Creek Energy (BCEI) to 'D' Amid Missed Interest Payment
Aug 18, 2016 02:08PM S&P Cuts Long-Term Ratings on Cintas Corp. (CTAS) to 'BBB+'; Outlook Stable
Aug 17, 2016 05:14PM Moody's Lifts Outlook on Royal Caribbean Cruises (RCL) to Positive
Aug 17, 2016 04:58PM S&P Upgrades Equinix (EQIX) to 'BB+'; Outlook is Stable
Aug 17, 2016 02:20PM S&P Upgrades CyrusOne (CONE) to 'BB-'; Outlook is Positive
Aug 17, 2016 07:51AM S&P Lowers Outlook on Arch Capital Group Ltd (ACGL) to Negative Amid United Guaranty Deal
Aug 17, 2016 07:29AM Moody's Affirms Ratings on Baidu (BIDU) Amid Slower-Growth Q2
Aug 16, 2016 03:36PM S&P Removes Leidos (LDOS) from CreditWatch Negative Amid Completion of Merger with Lockheed's IS&GS
Aug 16, 2016 12:42PM Moody's Places Compass Minerals' (CMP) Ratings Under Review for Downgrade
Aug 16, 2016 11:34AM Fitch Puts Ratings of Arch Capital Group (ACGL) on Watch Negative Amid United Guaranty Deal (AIG)
Aug 16, 2016 10:25AM Moody's Lifts Outlook on ArcelorMittal (MT) to Stable; Ratings Affirmed
Aug 15, 2016 03:46PM S&P Places Xylem (XYL) on Review for Downgrade
Aug 15, 2016 03:07PM S&P Downgrades Chesapeake Energy (CHK) to 'CC'; Outlook is Negative
Aug 15, 2016 02:29PM Moody's Affirms Chesapeake Energy's (CHK) CFR at 'Caa3'; Lifts Outlook on Speculative Grade Liquidity Rating to Positive
Aug 15, 2016 02:27PM Fitch Affirms Republic Services' (RSG) IDRs; Outlook Remains Stable
Aug 15, 2016 12:25PM S&P Downgrades NRG Yield (NYLD) to 'BB'; Outlook is Stable
Aug 15, 2016 11:08AM S&P Downgrades Pier 1 Imports (PIR) to 'B'; Outlook is Stable
Aug 12, 2016 03:07PM S&P Upgrades Clorox (CLX) to 'A-'; Outlook is Stable
Aug 12, 2016 11:38AM S&P Lowers Outlook on Kohl's Corp. (KSS) to Negative; Notes 'Continued Soft Performance'
Aug 12, 2016 11:12AM S&P Lowers Outlook on Nordstrom (JWN) to Negative Following Q2 Results; Ratings Affirmed
Aug 12, 2016 11:01AM Moody's Says JD.com's (JD) Q2 Results Support Ratings
Aug 11, 2016 03:46PM Cliffs Natural Resources (CLF) Ratings Placed on Review for Downgrade by Moody's
Aug 11, 2016 02:31PM Moody's Lowers Speculative Grade Rating on Orbital ATK (OA) to 'SGL-3'; Other Ratings Affirmed
Aug 11, 2016 11:48AM Fitch Cuts Brinker International (EAT) to 'BB+' Following Q4 Results
Aug 11, 2016 10:37AM S&P Upgrades Mohawk Industries (MHK) to 'BBB+'; Outlook is Stabl
Aug 10, 2016 12:23PM UPDATE: S&P Upgrades TTM Technologies (TTM) to 'BB-'; Outlook is Stable
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