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BULLETIN: McDonald's Corp. 2001 First Quarter Update Mar 01
Standard & Poors, March 2001
Abstract
Corporate Credit Rating: AA/Negative/A-1+ McDonald's Corp.'s announcement that its first quarter 2001 earnings would be impacted by consumer concerns regarding the European beef supply has no effect on the company's credit rating or outlook. Although anxiety over the safety of European beef has persisted longer than expected, McDonald's believes that it can still attain good growth for the remaining nine months of the year. Some of this optimism is based on new operating and financial strategies, as well as the company's expectation that confidence in the European beef supply will be restored. Standard & Poor's ratings on McDonald's assume that the negative impact on the business will not continue and that the company will not accelerate its share repurchase program....
Companies mentioned in this report are: McDonald's Corp.
Action: S&P Event
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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