Bangkok--2 Jul--Standard & Poor's,
The count of issuers poised for upgrades increased by nine this past month to a total of 266, said an article published Wednesday, June 30, 2010 by Standard & Poor's, titled "Upgrade Potential Across Credit Grades And Sectors (Premium)."
This exceeds the trailing-12-month average by 67. Upgrade potential has gained some ground since September 2009, 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-'.
Since our previous report, we have added 28 issuers to our list of potential upgrades and removed another 19.
"In terms of issuer count, the number of potential bond upgrades rose by nine entities from this past month's report to a total of 266," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research. "This is much higher than the five-year low of 136 issuers in March 2009. The number of potential bond downgrades is currently at 634 entities, down from its record high of 1,028 in April 2009."
For subscribers who have access to the Global Credit Portal, click here for the article "Upgrade Potential Across Credit Grades And Sectors." For subscribers who have access to premium Global Fixed Income Research content, find the article here "Upgrade Potential Across Credit Grades And Sectors (Premium)." For more information or data inquiries, please call Client Services at 1-877-772-5436.
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 Contacts:
Diane Vazza, New York (1) 212-438-2760
Key Contacts:
Americas Media Relations: (1) 212-438-6667
media_
[email protected]
Americas Customer Service: (1) 212-438-7280
[email protected]