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

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

FEATURED COMPANIES

  • Adobe Systems Inc.
  • Burger King Corp.
  • Ford Motor Co.
  • Home Depot Inc.
  • Pharmacia Corp.
  • Toll Corp.
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Abstract
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,...

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.

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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.
- Dunkin' Brands Inc.
- Adobe Systems Inc.
- Google Inc.
- General Motors Co.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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