Research Update: Alexander & Baldwin Inc. Ratings Withdrawn At Company's Request Aug 11
- ID: 1869437
- August 2011
- Standard & Poors
On Aug. 22, 2011, Standard & Poor's Ratings Services withdrew its 'BBB+' corporate credit ratings on Alexander & Baldwin Inc. and its subsidiary, Matson Navigation Co. Inc. The ratings were withdrawn at the company's request following an amendment to its credit agreement that no longer requires the maintenance of a credit rating. Standard & Poor's does not rate any of the company's outstanding debt issues. Methodology And Assumptions: Standard & Poor's Standardizes Liquidity Descriptors for Global Corporate Issuers, July 2, 2010 Criteria Methodology: Business Risk/Financial Risk Matrix Expanded, May 27, 2009 2008 Corporate Criteria: Analytical Methodology, April 15, 2008 Not Rated Action; Outlook Action To From Alexander & Baldwin Inc. Corporate Credit Rating NR/-- BBB+/Stable/-- Matson Navigation Co. Inc. Corporate...
Companies mentioned in this report are: Alexander & Baldwin Inc.,Matson Navigation Co. Inc.
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Product Type: Research Update
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