Bangkok--14 Nov--Standard & Poor's
The number of entities poised for upgrades decreased since our most recent report from 272 to 267 as of Nov. 1, said an article published today by Standard & Poor's Global Fixed Income Research, titled "Bond Upgrades In Emerging And Developed Markets, Including The U.S. And Europe: Potential Upgrades Fall To 267--The Lowest Point In 2011."
"Although this is the lowest total so far this year, the count of potential upgrades has increased steadily since the low of 136 in March 2009," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research. "The gap between potential upgrades and downgrades continues to narrow as the number of potential downgrades decreased to 457 from 475 this past month."
Much of the positive rating activity involved entities based in the U.S. (including Bermuda and the Cayman Islands). Of the new entities added to the potential upgrades list, 69% are based in the U.S., and 15 of the 23 entities upgraded since the last report (65%) are from the U.S.
We added eight consumer products issuers to the list since last month--the most of any sector. The media and entertainment sector had the most issuers removed from the list, with six.
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Media Contact:
Mimi Barker, New York (1) 212-438-5054,
[email protected]
Analyst Contacts:
Diane Vazza, New York (1) 212-438-2760