Bangkok--9 Sep--Standard & Poor's
The number of entities poised for upgrades decreased by 11 from our most recent report to 272 as of Aug. 25, said an article published today by Standard & Poor's Global Fixed Income Research, titled "Global Potential Upgrades: Total Decreases For The Third Consecutive Month."
"This marks the first time since March 2009 that the number of potential upgrades has declined for three months in a row," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research. "The count of potential upgrades has increased steadily since the low of 136 in March 2009 and is up from 262 in August 2010." Since October 2010, the number of potential upgrades has remained between 271 and 289.
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 removed 30 issuers from our list of potential upgrades, and we added 19.
The sectors that account for the largest proportions of the potential bond upgrades list are high technology and media and entertainment, with 24 issuers each.
The report is available to subscribers of RatingsDirect on the Global Credit Portal at www.globalcreditportal.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:
Diane Vazza, New York (1) 212-438-2760