Bangkok--28 Jan--Standard & Poor's
The number of issuers poised for upgrades decreased by one this month to a total of 201 globally, said an article published today by Standard & Poor's. The article, which is titled "Upgrade Potential Across Credit Grades And Sectors (Premium)," says that the total this month is 24 more than the count at this time in 2009, and it exceeds the trailing-12-month average by 35 issuers. "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, 14 issuers have been added to the list of potential upgrades, and 15 have been removed. All of the companies added this month are the result of a favorable revision to their CreditWatch status or outlook.
Of the 15 issuers removed from the list, 13 were eliminated because Standard & Poor's upgraded them and assigned stable outlooks. Atlantic Marine Holding Co. was removed because Standard & Poor's revised its outlook to stable, and the remaining issuer, Coeur D'Alene Mines Corp., is 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