Credit Trends: Global Potential Fallen Angels Jun 10
- ID: 1871697
- June 2010
- Region: Global
- Standard & Poors
The tally of potential fallen angels increased by one this month to 66 issuers worldwide, with US$215.63 (€180.84) billion in rated debt. Potential fallen angels are issuers rated 'BBB-' with either a negative outlook or ratings on CreditWatch negative. In comparison, a total of 14 issuers are potential rising stars--rated 'BBB-' with a positive outlook or ratings on CreditWatch positive--with debt worth US$24.46 (€19.91) billion. Since our most recent report, we removed two issuers from our list of potential fallen angels. Both were the result of Standard & Poor's removing its ratings on the companies from CreditWatch negative and assigning stable outlooks. We also added three issuers to our list since our previous report--CITIC Pacific Ltd., Equity One Inc., and...
Companies mentioned in this report are:
- Universal Health Services Inc.
- Greece (Hellenic Republic)
- Equity One Inc.
- CITIC Ltd.
- Navient LLC.
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues. SHOW LESS READ MORE >