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Food Services Provider Compass Group Outlook Revised To Positive On Strong Operating Performance; 'A-' Ratings Affirmed Mar 12
Standard & Poors, March 2012
U.K.-based food services provider Compass Group PLC (Compass) continues to deliver strong operating performance, with credit metrics consistently above our guidance for the current rating. At the same time, macroeconomic conditions remain uncertain, particularly in Europe. We are revising our outlook on Compass to positive from stable and affirming our 'A-' long-term corporate credit and issue ratings on the company. The positive outlook reflects our view that rating upside could arise should Compass sustain strong operating performance alongside credit metrics at current levels. LONDON (Standard & Poor's) March 6, 2012--Standard & Poor's Ratings Services said today that it revised its outlook on U.K.-based food services provider Compass Group PLC (Compass) to positive from stable. At the same time, we affirmed...
Companies mentioned in this report are: Compass Group PLC
Action: Outlook: Positive
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
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Compass Group PLC