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Two Issuers Upgraded To Investment Grade In March Bring The Global Tally Of Rising Stars To Four In 2010, Article Says Apr 10
Standard & Poors, April 2010
NEW YORK (Standard & Poor's) April 5, 2010--Standard & Poor's Ratings Services upgraded two issuers to investment grade ('BBB-' and higher) from speculative grade ('BB+' and lower) this past month, said an article published today by Standard & Poor's Global Fixed Income Research. The two new rising stars since our previous report are U.S.-based AGCO Corp. and Canada-based grain handler Viterra Inc. These two issuers bring the year-to-date 2010 total to four rising stars with rated debt worth US$2.34 (-1.72) billion, according to the article, titled "Global Potential Rising Stars (Premium)." By comparison, 2009's tally of 22 rising stars was the lowest total since 2003, when Standard & Poor's upgraded 20 issuers to investment grade. We removed AGCO and Viterra...
Companies mentioned in this report are: AGCO Corp.,Viterra Inc.
Action: General Comment
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.
AGCO Corp.,Viterra Inc.