Bangkok--1 Dec--Standard & Poor's
The number of issuers poised for upgrades increased by eight this month to a total of 195 issuers globally, said an article published Wednesday, November 25, 2009 by Standard & Poor's, titled "Upgrade Potential Across Credit Grades And Sectors (Premium)."
"Although the current tally of 195 global potential upgrades is 34 fewer than the total a year ago, upgrade potential has gained some ground since September, when the tally exceeded the trailing-12-month average for the first time in nearly two years," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research Group.
Potential upgrades are defined as issuers that have either a positive outlook or ratings on CreditWatch with positive implications across rating categories 'AA+' to 'B-'.
Since our previous report, 17 issuers have been added to the list and nine have been removed. All of the companies added this month are the result of a favorable revision to their CreditWatch or outlook status without an accompanying upgrade.
Of the nine issuers removed from the list, four were eliminated because Standard & Poor's upgraded the companies and assigned stable outlooks, three were removed because Standard & Poor's revised its CreditWatch or outlook status on the companies, and two are no longer rated by Standard & Poor's.
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 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 Contact:
Diane Vazza, New York (1) 212-438-2760