Research Update: ISS 'BB-' Ratings Removed From CreditWatch Positive On Postponement Of IPO; Outlook Stable Mar 11
- Language: English
- Published: March 2011
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Research type: News
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Denmark-based facilities services provider ISS A/S (ISS) has postponed its planned IPO due to market turbulence. We are therefore removing our 'BB-' long-term corporate credit ratings on ISS, and the related issue ratings, from CreditWatch positive. The stable outlook reflects our view that ISS' operating performance will remain steady in the near term, thanks to the flexibility of its cost base. LONDON (Standard & Poor's) March 23, 2011--Standard & Poor's Ratings Services said today that it removed its 'BB-' long-term corporate credit ratings on Denmark-based facilities services provider ISS A/S (ISS) and related entities from CreditWatch, where they were placed with positive implications on Feb. 18, 2011. The outlook is stable. At the same time, we removed from CreditWatch positive...
Companies mentioned in this report are: ISS A/S,ISS World Services A/S,ISS Global A/S,ISS Financing PLC
Action: CreditWatch Update
Action: Outlook: Stable
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ISS A/S,ISS World Services A/S,ISS Global A/S,ISS Financing PLC