Bangkok--13 Jan--Standard & Poor's
Last week Standard & Poor's Ratings Services launched a new series of articles titled "Reshuffling The Debt," which will continue to run over the course of the next several months. "Reshuffling The Debt" rekindles Standard & Poor's "Leveraging Of America" series published in 2007, which reported the large increases in nonfinancial corporate issuers' debt leverage shortly before the Great Recession hit with full force. "Reshuffling The Debt" investigates the leveraging trends of these entities now that we are in the wake of the recession.
Topics will include trends in the capital markets (such as dividend recapitalizations, lighter covenants in loans, and refinancing maturities), a retrospective and update of the bigger leveraged buyout deals, and an analysis of the characteristics of the more stable speculative-grade companies. Already published articles include:
"The Great Recession Did Little To Discourage The Leveraging Of U.S. Nonfinancial Corporate Issuers," Jan. 4 "As U.S. Corporate Borrowers Prepare To Ride The Wave Of Maturities, Some May Go Under," Jan. 6, and "Highly Indebted European Corporates Face Material Default Risk In 2012-2013," Jan. 7.The reports are 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 copies of these reports 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 copies of these reports by contacting the media representative provided.
Media Contact:
Mimi Barker, New York (1) 212-438-5054,
[email protected]
Analyst Contacts:
Ronald M Barone, New York (1) 212-438-7662