Taylor Wimpey Upgraded To 'BB-' On Low Debt Leverage And Stable Operating Performance; Outlook Revised To Stable May 12

Standard & Poors, May 2012

Abstract
U.K.-based housebuilder Taylor Wimpey PLC has shown a consistent improvement in its capital structure and operating margins over the past 12 months. We are therefore raising our long-term corporate credit rating on Taylor Wimpey to 'BB-' from 'B+'. The stable outlook reflects our view that Taylor Wimpey's operating performance should continue to improve over the next 12 months. LONDON (Standard & Poor's) May 9, 2012--Standard & Poor's Ratings Services said today that it raised its long-term corporate credit rating on U.K. housebuilder Taylor Wimpey PLC to 'BB-' from 'B+'. The outlook is stable. At the same time, we raised to 'BB-' from 'B+' our senior unsecured debt rating on the outstanding -165 million senior notes due in 2015 and issued...

Companies mentioned in this report are: Taylor Wimpey PLC
Action: Outlook: Stable
Action: Upgraded

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.

Taylor Wimpey PLC

Customers who bought this item also bought

• The Handbook of Transformative Learning. Theory, Research, and Practice
• 2012 America's Neighborhoods-Zip Code 48180 for Taylor, MI report
• Excellence In The Stacks: Strategies, Practices And Reflections Of Award-Winning Libraries
• Adult Education in Libraries, Museums, Parks, and Zoos. New Directions for Adult and Continuing Education, Number 127. J-B ACE Single Issue Adult & Continuing Education
• The Scholarship of Teaching and Learning Reconsidered. Institutional Integration and Impact. Jossey-Bass/Carnegie Foundation for the Advancement of Teaching
• Library Use of eBooks, 2012 Edition
• Journal of Social Distress and the Homeless
• How to Reach and Teach Children with Challenging Behavior (K-8). Practical, Ready-to-Use Interventions That Work. J-B Ed: Reach and Teach
• Environment & Planning A
• Transformative Learning in Practice. Insights from Community, Workplace, and Higher Education