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Risk-to-Price Commentary: Compass Group PLC Nov 10
Standard & Poors, Nov 2010
Abstract
Europe has been turning out upbeat announcements for the recent past couple of weeks. First, the Ifo Institute released a record reading of 107.6 for its Business Confidence Index on Oct. 22 (see chart 1). Quickly following came positive consumer confidence readings from the two largest European economies, on Oct. 26. Some of the major European economies continue to surprise with the pace of their growth, as well. Most recently, the U.K.'s third-quarter GDP growth rate, announced Oct. 27 at 0.8%, beat analysts' estimates of 0.4%. German annualized GDP was up 3.7% against expectations of 2.1% in the second quarter. However, growth rates of European economies in the next few quarters will indicate whether the recovery is sustainable. Although we...
Companies mentioned in this report are: Beam Inc.,McDonald's Corp.,Marks & Spencer PLC,Kingfisher PLC,BMW U.S. Capital LLC,Daimler International Finance B.V.,Wolters Kluwer N.V.,GKN Holdings PLC,Ralph Lauren Corp.,BMW Finance N.V.,Compass Group PLC,Next PLC,InterContinental Hotels Group PLC,ITV PLC,Piaggio & C. SpA,BSkyB Finance U.K. PLC,Publicis Groupe S.A.
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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