Credit Trends: Global Fallen Angels: No New Fallen Angels, But A Slight Uptick In The Number Of Potentials Sep 11
- ID: 1887737
- September 2011
- Region: Global
- Standard & Poors
The number of global fallen angels remained steady since our last report at 28 (through Sept. 7), while the number of potential fallen angels rose slightly by two to 42. The 28 fallen angels accounted for US$226.3 (€156.2) billion in rated debt. This total is significantly more than the US$73.8 (€50.9) billion in rated debt attributable to the 25 rising stars (issuers upgraded to investment grade) that have emerged so far this year. The highlights from this month's report are: The global tally of potential fallen angels rose to 42 as of Sept. 7, an increase of two from our most recent report. These issuers have a total of US$322.7 (€222.7) billion in rated debt. Potential fallen angels are issuers...
Companies mentioned in this report are:
- Kinder Morgan Inc.
- Portugal (Republic of) (Unsolicited Ratings)
- SEMCO Energy Inc.
- WA Network Holdings Pty Ltd.
- Rockies Express Pipeline LLC
- RONA Inc.
- Heartland Bank Ltd.
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 >