|
|
 |
|
Viewing report
|
|
|
|
ABB Ltd. Ratings Still On Watch Positive; CreditWatch Resolution Indicated Feb 06
Standard & Poors, Feb 2006
Abstract
STOCKHOLM (Standard & Poor's) Feb. 1, 2006--Standard & Poor's Ratings Services said today it was maintaining its credit ratings on Switzerland-based engineering services group ABB Ltd. (BB+/B) and related entities on CreditWatch with positive implications. Conditional on the final successful resolution of the asbestos litigation settlement for U.S. subsidiary Combustion Engineering Inc. (CE), ABB's credit ratings will be raised to 'BBB-/A-3', with the senior unsecured debt to be raised to 'BB+'. The outlook will be positive. The ratings on ABB had been placed on CreditWatch with positive implications on Nov. 7, 2005, reflecting the continual improvement in ABB's financial profile and capital structure in recent years, and its potential to return to a low investment-grade rating on successful completion of...
Companies mentioned in this report are: ABB Ltd.
Action: CreditWatch Update
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.
|
|
|
|
