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Risk-to-Price Commentary: Compass Group PLC Apr 11
Standard & Poors, April 2011
Abstract
On March 31, the European Union's statistics office in Luxembourg said that inflation in the eurozone unexpectedly accelerated to 2.6% in March from 2.4% in February, reaching its fastest rate since October 2008 (see chart 1). The rate in March exceeded the European Central Bank (ECB) 2% guidance level for the fourth consecutive month. The unemployment rate fell 0.1% in March, primarily as a result of declining rates in Germany and Italy, where unemployment fell to 6.3% from 6.5%, and 8.4% from 8.5%, respectively. However, unemployment in Europe remains high, at 9.9% (see chart 2). On March 30, the European Commission released their most recent data for the economic confidence index, reporting that the index for March fell to 107.3...
Companies mentioned in this report are: Beam Inc.,McDonald's Corp.,Barclays Bank PLC,Marks & Spencer PLC,LVMH Moet Hennessy Louis Vuitton S.A.,Sodexo,PPR S.A.,Ralph Lauren Corp.,Daily Mail & General Trust PLC,Bertelsmann AG,Compass Group PLC,Next PLC,ITV PLC,Virgin Media Finance PLC,Greene King Finance PLC,Piaggio & C. SpA,BSkyB Finance U.K. PLC,Publicis Groupe S.A.,Eutelsat Communications 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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