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Credit Trends: Fallen Angels In Emerging And Developed Markets, Including The U.S. And Europe: The Count Doubled Over The Past Month Mar 12

  • ID: 2087654
  • March 2012
  • Region: Europe, United States
  • Standard & Poors
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FEATURED COMPANIES

  • ArcelorMittal
  • Edison SpA
  • Eksportfinans ASA
  • F&C Asset Management PLC
  • SEMCO Energy Inc.
  • Voya Financial Inc.
  • MORE

Abstract
The number of global fallen angels for 2012 is 10 as of March 8--twice as many as the previous reporting period. We define fallen angels as issuers Standard & Poor's Ratings Services downgrades to speculative grade from investment grade. Four of these are based in Portugal, including the sovereign itself. The number of potential fallen angels rose to 41--the first monthly increase since September 2011, which indicates that we may see a further increase fallen angels. Potential fallen angels are issuers rated 'BBB-' with either negative outlooks or ratings on CreditWatch with negative implications. The highlights since the last report are: The fallen angel count through March 8, 2012, is the same as the total for the same period in...

Companies mentioned in this report are:
- Eksportfinans ASA
- Voya Financial Inc.
- SEMCO Energy Inc.
- Edison SpA
- Banco Santander Totta S.A.
- REN-Redes Energeticas Nacionais SGPS S.A.
- ArcelorMittal
- Illinois Power Generating Co.
- F&C Asset Management PLC

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance READ MORE >

Note: Product cover images may vary from those shown
2 of 3

- Eksportfinans ASA
- Voya Financial Inc.
- SEMCO Energy Inc.
- Edison SpA
- Banco Santander Totta S.A.
- REN-Redes Energeticas Nacionais SGPS S.A.
- ArcelorMittal
- Illinois Power Generating Co.
- F&C Asset Management PLC

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

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