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Alexander & Baldwin Inc. Ratings Withdrawn At Company's Request Aug 11
Standard & Poors, Aug 2011
Abstract
NEW YORK (Standard & Poor's) Aug. 22, 2011--Standard & Poor's Ratings Services said today that it has withdrawn its 'BBB+' corporate credit ratings on Alexander & Baldwin Inc. and its subsidiary, Matson Navigation Co. Inc. The ratings were withdrawn at the company's request following an amendment to its credit agreement that no longer requires the maintenance of a credit rating.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. RELATED CRITERIA AND RESEARCH 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...
Companies mentioned in this report are: Alexander & Baldwin Inc.,Matson Navigation Co. Inc.
Action: Withdrawn
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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