16,872 Ratings From 3,364 U.S. RMBS Pre-2009 Transactions Put On CreditWatch; Revised Surveillance Criteria Cited Aug 12
- Language: English
- Published: August 2012
- Region: United States
NEW YORK (Standard & Poor's) April 6, 2009--Standard & Poor's Ratings Services today placed its long-term ratings on New York City-based CBS Corp., including the 'BBB' corporate credit rating, on CreditWatch with negative implications. At the same time, we lowered our short-term ratings on the company to 'A-3' from 'A-2' and left these ratings on CreditWatch, where they were placed with negative implications on Feb. 11, 2009. "The CreditWatch listing of the long-term ratings reflects our expectation that fully adjusted leverage will rise meaningfully above our 4x threshold at the current rating level in 2009," said Standard & Poor's credit analyst Michael Altberg. "Our concern is most focused on local advertising weakness that has compounded adverse secular trends that have...
Companies mentioned in this report are:
- CBS Corp.
Action: On CreditWatch:Negative
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Research type: News
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- CBS Corp.