Bangkok--30 Apr--Standard & Poor's
The number of issuers poised for upgrades increased by one this month to a total of 219 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 exceeds the number in March 2009 by 83, and it exceeds the trailing-12-month average by 40. Diane Vazza, head of Standard & Poor's Global Fixed Income Research Group, noted that "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."
Potential upgrades are defined as issuers that have either a positive outlook or ratings on CreditWatch with positive implications across the 'AA+' to 'B-' rating categories.
Since our previous report, we have added 27 issuers to our list of potential upgrades and removed another 26. Of the issuers we added to our list, 22 were the result of a favorable revision to their outlook or CreditWatch status, three were because of an upgrade, one was a newly rated entity, and the other now has valid debt outstanding. Of the 26 issuers we removed from our list, Standard & Poor's Ratings Services upgraded 12 and assigned stable outlooks, revised its outlooks on four, downgraded two entities, and withdrew its ratings on seven entities.
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