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Article Takes A Look At Fallen Angels From The Credit Crisis That Became Rising Stars
Standard & Poors, April 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.
Abstract
NEW YORK (Standard & Poor's) April 26, 2011--Since the beginning of the financial crisis, 17 companies made a round-trip from investment grade to speculative grade and back again within just a few years, said an article published today by Standard & Poor's Global Fixed Income Research, titled 'How Some Fallen Angels Of The Credit Crisis Became Rising Stars Of The Recovery.' 'During the credit crisis, from mid-2007 through 2009, Standard & Poor's Ratings Services downgraded 155 issuers to speculative grade from investment grade. Of these 155 fallen angels, 17, or 11%, subsequently became rising stars,' said Diane Vazza, head of Standard & Poor's Global Fixed Income Research. 'These 17 round-trippers were upgraded back to investment-grade status, while another 19, or...
Action: General Comment
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