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Fallen Angels Up 50% Since February, Says Report Apr 08
Standard & Poors, April 2008
NEW YORK (Standard & Poor's) April 14, 2008--Globally, 38 entities with rated debt totaling US$82.96 (-52.84) billion are identified as potential fallen angels, according to a report published today by Standard & Poor's. The report, titled "Global Potential Fallen Angels," says that this total is one less than the annual average count of 39 potential fallen angels in 2007. "The year-to-date count of fallen angels has surpassed that of last year, with five more entities moving to speculative-grade territory since our last report," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research Group. "This pushes our total for the year to date to 10 entities, affecting rated debt worth $16.2 billion, compared with eight out of 42...
Companies mentioned in this report are: Sprint Nextel Corp.
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.
Sprint Nextel Corp.