- Language: English
- 106 Pages
- Published: September 2011
- Region: Brazil
Three Global Corporate Defaults Raise The 2012 Tally To 23 Issuers, Article Says Mar 12
- Published: March 2012
- Region: Global
- Standard & Poors
NEW YORK (Standard & Poor's) March 8, 2012--Two U.S.-based issuers and one Brazil-based issuer defaulted this week, raising the 2012 global corporate default tally to 23, said an article published today by Standard & Poor's Global Fixed Income Research, titled "Global Corporate Default Update (March 1 - 7, 2012)." The first defaulter this week was Brazil-based electricity distributer Centrais El-tricas do Par-. Standard & Poor's Ratings Services lowered its rating on Centrais El-tricas do Par-, to 'D' from 'CCC+' following the firm's judicial reorganization filing. Standard & Poor's lowered its rating on the second defaulter, U.S.-based gaming operator Circus and Eldorado Joint Venture to 'D' from 'CCC-' after the company failed to pay principal on its mortgage notes at maturity....
Companies mentioned in this report are: Mohegan Tribal Gaming Authority,Circus and Eldorado Joint Venture,Centrais Eletricas do Para S.A.
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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Mohegan Tribal Gaming Authority,Circus and Eldorado Joint Venture,Centrais Eletricas do Para S.A.