More Companies Born Into Speculative-Grade Through Years Of LBOs, Bank Loans, And Falling Interest Rates, Article Says Jan 12

  • ID: 2084800
  • January 2012
  • Standard & Poors
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  • Adobe Systems Inc.
  • Best Buy Co. Inc.
  • Ford Motor Co.
  • Home Depot Inc.
  • Pharmacia Corp.
  • Toll Corp.
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NEW YORK (Standard & Poor's) Jan. 12, 2012--Since 1981, the number of U.S.-based 'AAA' rated nonfinancial companies has dropped from 61 to four, while the number of speculative-grade companies (those rated 'BB+' and lower) has risen to more than half 2,902 U.S.-rated companies. Currently, 64%, or 1,421, of nonfinancial ratings in the U.S. are classified as speculative grade, said an article published today by Standard & Poor's Global Fixed Income Research, titled "Born This Way: Acceptance Grows For New Speculative-Grade Companies Through 30 Years Of LBOs, Bank Loans, And Falling Interest Rates." "This explosion of lower-rated debt has helped fuel growth in many industries," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research. "At the same time,...

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- Wyeth
- Atchison Topeka & Santa Fe Railway Co.
- Chrysler Corp.
- Delta Air Lines Inc.
- Ford Motor Co.
- Great Northern Railway Co.
- Caesars Entertainment Corp.
- Home Depot Inc.
- Pharmacia Corp.
- Northern Pacific Railway Co.
- Pfizer Inc.
- Turner Broadcasting System Inc.
- United Air Lines Inc.
- US Airways Inc.
- Warner-Lambert Co.
- Burger King Corp.
- Twenty-First Century Fox Inc.
- AT&T Inc.
- Best Buy Co. Inc.
- United Continental Holdings Inc.
- Toll Corp.
- RJR Nabisco Holdings Corp.
- Staples Inc.
- Starbucks Corp.
- HCA Inc.
- Beazer Homes USA Inc.
- Burlington Northern Santa Fe LLC
- Microsoft Corp.
- Las Vegas Sands LLC
- Crown Castle International Corp.
- Wynn Las Vegas LLC
- Pinnacle Foods Group LLC
- Freescale Semiconductor Inc.
- Arby's Restaurant Group Inc.
- Adobe Systems Inc.
- Google Inc.
- General Motors Co.
- Amazon.com Inc.

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