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Risk-to-Price Commentary: Compass Group PLC Jan 12
Standard & Poors, Jan 2012
Abstract
German business confidence exceeded economists' forecasts in January and reached a five-month high, according to the Munich-based Ifo Institute survey. The Ifo business climate index, based on a survey of 7,000 executives, rose to 108.3 from 107.3 in December. Economists forecasted a rise to 107.6 (see chart 1). Ifo's gauge of the current situation declined to 116.3 from 116.7 in January, while an index measuring executives' expectations advanced to 100.9 from 98.6 in the previous month. Although the current situation index has been deteriorating, executives' outlook for the German economy--the driver of European growth--improved overall. The International Monetary Fund (IMF) said in its Jan. 24 report on the global economy that it expects the eurozone to fall into recession in...
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.
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