Bangkok--4 Jan--Standard & Poor's
According to a report that Standard & Poor's Ratings Services published earlier today, the ratings agency expects many nonfinancial corporate borrowers to see continued improvement in their businesses in 2011.
"We think companies in most sectors and industries will be able to catch their financial breath, especially as we get deeper into a U.S. economic recovery," said John Bilardello, a managing director in Standard & Poor's Corporate Ratings group.
The report, titled "U.S. Corporate Borrowers Head Into 2011 With A Lift From A Year Of Rising Credit Quality," gives a recap of the 2010 credit events for each nonfinancial corporate industry sector, and provides an outlook for what Standard & Poor's expects for each sector in 2011.
"The improvement in credit quality we saw in 2010 indicates to us that borrowers have grown somewhat more prudent financially," notes Mr. Bilardello in the report. "Those that survived the recent downturn and turbulence in the credit markets have reason to expect a profitable 2011."
The report is available to RatingsDirect subscribers on the Global Credit Portal at www.globalcreditportal.com and RatingsDirect subscribers at www.ratingsdirect.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by calling (1) 212-438-7280 or sending an e-mail to
[email protected]. 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 Contacts:
John J Bilardello, New York (1) 212-438-7664