Bangkok--17 Dec--Standard & Poor's
The list of potential upgrades expanded in November, with 282 entities poised for upgrades, said an article published today by Standard & Poor's, titled "Upgrade Potential Across Credit Grades And Sectors (Premium)."
"November's total is 11 more than the previous month and 87 more than the total in November 2009," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research. "The number of potential upgrades has increased each month this year, except for July."
We define potential upgrades as issuers that have either positive outlooks or ratings on CreditWatch with positive implications across rating categories 'AA+' to 'B-'.
Since our previous report, we added 35 issuers to our list of potential upgrades and removed 24.
"Potential bond upgrades belonging to the 'B' rating category--including the 'B+', 'B', and 'B-' rating designations--continue to lead the list of potential upgrades, constituting 45% of the total," said Ms. Vazza. "The 'BB' and 'BBB' rating categories follow, accounting for 26% and 23%, respectively, of the total pool."
Of the total, 73 companies are members of various Standard & Poor's equity indices.
The standard version of this article is part of our standard Global Fixed Income Research content. The premium version contains expanded analysis of the article's most significant points, typically broken out by sector and region. Also in the premium version are in-depth charts and tables, the underlying data of which are available for download. Ratings information can also be found on Standard & Poor's public Web site by using the Ratings search box located in the left column at www.standardandpoors.com. Members of the media may request a copy of this report by contacting the media representative provided.
Media Contact:
Mimi Barker, New York (1) 212-438-5054,
[email protected]
Analyst Contact:
Diane Vazza, New York (1) 212-438-2760