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BULLETIN: Realogy Corp.'s Lower 2006 Earnings Guidance Does Not Affect Ratings May 06
Standard & Poors, May 2006
Abstract
NEW YORK (Standard & Poor's) May 30, 2006--Standard & Poor's Ratings Services said today that its ratings on Realogy Corp. (BBB/Stable/--) are not affected by the company's announcement that it had lowered its pro forma earnings guidance for 2006. The revision is based on the continued moderation in the U.S. residential real estate market as existing home sale activity is weaker-than-expected. Despite these trends, key credit protection measures and liquidity are expected to remain in line with the current ratings over the near to intermediate term. Standard & Poor's will monitor any future changes in long-term market trends and, if necessary, evaluate any potential effect on Realogy's outlook and/or ratings at that time. On Oct. 23, 2005, Cendant Corp. announced...
Companies mentioned in this report are: Realogy Corp.
Action: Bulletin
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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