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U.S. Corporate Borrowers Keep One Eye On Europe As They Brace Themselves For An Uncertain 2012, S&P Report Says Dec 11
Standard & Poors, Dec 2011
Abstract
NEW YORK (Standard & Poor's) Dec. 15, 2011--It's no secret that economies and industries around the world have grown increasingly interdependent in the past few decades. Swings in currency-exchange rates can have a profound effect on companies that depend heavily on exports; large banks and other financial institutions are often exposed to the same risks as their overseas peers; and a recession in one region can often lead to an economic slump in another. A report that Standard & Poor's Ratings Services published yesterday laid out three possibilities for the sovereign debt crisis gripping Europe and its potential effects closer to home: Europe's political leaders take the necessary steps to avert a continuing crisis; the eurozone economy slips into a...
Companies mentioned in this report are: AMR Corp.,Macy's Inc.,J.C. Penney Co. Inc.,The Gap Inc.,Saks Inc.,The Neiman Marcus Group Inc.
Action: General Comment
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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