Bangkok--8 Jun--Standard & Poor's
The count of issuers poised for upgrades increased by 38 this past month to a total of 257, said an article published today by Standard & Poor's, titled "Upgrade Potential Across Credit Grades And Sectors (Premium)."
This exceeds the trailing-12-month average by 68. 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.
We define potential upgrades as issuers that have either a positive outlook or ratings on CreditWatch with positive implications across rating categories 'AA+' to 'B-'.
"The total number of potential upgrades this month is much higher than the five-year low of 136 issuers in March 2009," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research. "In addition, the number of potential bond downgrades is currently at 649 entities, down from its record high of 1,028 in April 2009."
Since our previous report, we have added 80 issuers to our list of potential upgrades and removed another 42.
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.
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