Bangkok--2 Aug--Standard & Poor's
The number of global issuers poised for downgrades continues to decline, said an article published today by Standard & Poor's, titled "Downgrade Potential Across Credit Grades And Sectors (Premium)."
"As of July 26, 2010, 594 issuers had a negative outlook or ratings on CreditWatch negative, down from the record high of 1,028 a year ago," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research. "This decrease is largely the result of more downgrades, followed by outlook revisions to stable, as global economies and markets are more supportive of stable--though still weak--credit quality than they were a year ago, despite recent developments in Europe."
Potential downgrades are entities that have either a negative outlook or ratings on CreditWatch with negative implications across rating categories 'AAA' to 'B-'.
The current tally of 594 issuers poised for downgrades is the lowest since our series began in September 2005. It's also 237 fewer than the average of the trailing 12 months and 371 fewer than the total a year ago.
For subscribers who have access to the Global Credit Portal, click here for the article "Downgrade Potential Across Credit Grades And Sectors." For subscribers who have access to premium Global Fixed Income Research content, find the article here "Downgrade 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:
Jeff Sexton, New York (1) 212-438-3448,
[email protected]
Analyst Contacts:
Diane Vazza, New York (1) 212-438-2760