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Bulletin: CoreLogic Inc. Ratings Not Affected by Lower Earnings Aug 11
Standard & Poors, Aug 2011
Abstract
NEW YORK (Standard & Poor's) August 4, 2011-Standard & Poor's Ratings Services said today that CoreLogic Inc.'s (BB/Stable/--) recent announcement that it has lowered its revenue growth and earnings expectations for fiscal 2011 does not affect our ratings on the company at this time. The current ratings and outlook reflect our expectation that the company's leadership position in key markets will support consistent profitability, and that leverage will remain in the 3x area, despite the earnings revision. In addition, we expect modest growth in CoreLogic's Data & Analytics segment (including acquisitions) to offset expected weakness in mortgage origination activity. However, the absence of revenue growth prospects in the second half of 2011 or the adoption of a more aggressive financial...
Companies mentioned in this report are: CoreLogic Inc.
Action: Bulletin
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.
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