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ISS 'BB-' Ratings Removed From CreditWatch Positive On Postponement Of IPO; Outlook Stable Mar 11
Standard & Poors, March 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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
ISS A/S,ISS World Services A/S,ISS Global A/S,ISS Financing PLC