Bangkok--26 Jan--Standard & Poor's
The number of global issuers poised for downgrades continued its decline in January to 804 issuers from 824 this past month, said an article published today by Standard & Poor's, titled "Downgrade Potential Across Credit Grades And Sectors."
"January's tally is the lowest in 15 months," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research Group. "This decrease is largely the result of Standard & Poor's Ratings Services downgrading and assigning stable outlooks to issuers that had been on our list of potential downgrades."
Potential downgrades are defined as entities that have either a negative outlook or ratings on CreditWatch with negative implications across rating categories 'AAA' to 'B-'.
The 804 potential downgrades is 134 fewer than the average of the trailing 12 months and 132 fewer than the total a year ago.
The forest products and building materials, sovereigns, and media and entertainment sectors saw the largest change in negative bias, each narrowing 3% since this past month. (Negative bias is the proportion of issuers with a negative outlook or ratings on CreditWatch negative.)
This article is part of our premium Global Fixed Income Research content, which is available to premium subscribers to RatingsDirect on the Global Credit Portal at www.globalcreditportal.com and to RatingsDirect at www.ratingsdirect.com. 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.
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Diane Vazza, New York (1) 212-438-2760
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