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S&PCORRECT: Headwaters Inc. 'B' Ratings Affirmed, Outlook Revised To Negative Nov 11
Standard & Poors, November 2011
U.S.-based Headwaters Inc.'s operating performance has been weaker than we expected. We believe the company likely will continue to underperform, given our expectation for weak construction markets in 2012. We are affirming our ratings on the company, including the 'B' corporate credit rating. At the same time, we are revising the outlook to negative. The negative outlook reflects our assessment that Headwaters' operating performance likely will be strained over the next several quarters. NEW YORK (Standard & Poor's) Nov. 22, 2011--Standard & Poor's Ratings Services said today that it has affirmed its ratings, including the 'B' corporate credit rating, on South Jordan, Utah-based Headwaters Inc. At the same time, we revised the outlook to negative from stable. "The revised outlook...
Companies mentioned in this report are: Headwaters Inc.
Action: Outlook: Negative
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.