Bangkok--23 Dec--Standard & Poor's
The number of issuers poised for upgrades fell to 201 this month, said an article published today by Standard & Poor's. The article, which is titled "Upgrade Potential Across Credit Grades And Sectors (Premium)," says that this is 28 fewer than a month ago and the lowest count since this report started in September 2004.
"Much of the drop in upgrade potential is the result of credit deterioration across the globe," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research Group. "We've seen this especially in the U.S. and Europe, where adverse economic conditions and a freeze in the credit markets have effectively reduced an upward trajectory for even strongly positioned issuers."
RatingsDirect is the real-time Web-based source for Standard & Poor's credit ratings, research, and risk analysis, at www.ratingsdirect.com. 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 at www.standardandpoors.com; under Credit Ratings in the left navigation bar, select Find a Rating, then Credit Ratings Search. 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