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Bulletin: McDonald's Corp. Ratings, Outlook Unaffected By News Of Pershing's Share Investment Plan Sep 06
Standard & Poors, Sep 2006
Abstract
NEW YORK (Standard & Poor's) Sept. 5, 2006--Standard & Poor's Ratings Services said today its ratings and outlook on McDonald's Corp. (A/Stable/A-1) are unaffected by the company's receipt of a notice that Pershing Square Capital Management L.P. or its affiliates filed the necessary notifications under the Hart-Scott-Rodino Antitrust Improvements Act to acquire in excess of $793.8 million of McDonald's shares. The potential for Pershing to own over 5% of McDonald's shares is not a rating factor unless it can exert influence over the company. Standard & Poor's will watch the pace of Pershing's investments in McDonald's as well as any proposals it makes regarding changes in operations or financial policy....
Companies mentioned in this report are: McDonald's Corp.
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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