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Standard & Poor's Fundamentals of Corporate Credit Analysis by Blaise, Ganguin

Standard & Poor's Fundamentals of Corporate Credit Analysis Blaise, Ganguin ebook
Publisher: McGraw-Hill
Format: pdf
ISBN: 0071454586,
Page: 463

"The tender offers will reduce debt and lower interest costs, and Ford has stated that annual interest savings will be more than $500 million," said Robert Schulz, an S&P credit analyst, in a statement. While S&P, Moody's and the other mainstream ratings agencies have done a pretty good job on corporate and municipal debt ratings over the past century and more, when it comes to sovereigns and other highly politicized situations, their records are rather poor, if you'll forgive the But in the world of sovereign debt, S&P is forced to evaluate many more subjective facts than are involved in a simple analysis of the probability of default of, say, General Electric or IBM. Standard & Poor's Fundamentals of Corporate Credit Analysis. Although not a downgrade, it is a shock for an emerging market leader whose economic fundamentals have been improving so consistently in recent years that the upward trend was almost taken for granted. You would think with the way that CNBC handled the earnings releases this week (starting with Alcoa) and then the earnings pre-announcements from Cummins (CMI) and such mid-week, and with Bespoke as well as S&P Capital IQ company negative revisions continue to outnumber positive, I still think q2 '12 earnings will not only be ok, but will demonstrate that the bearish sentiment is out-of-whack with bottoms-up company fundamentals, within the S&P 500. Blaise Ganguin, John Bilardello, "Standard And Poor's Fundamentals of Corporate Credit Analysis" McGraw-Hill | 2004-12-09 | ISBN: 0071441638 | 428 pages | PDF | 1,3 MB. Fitch Ratings recently (November 6, 2012) upgraded Turkey's long-term foreign currency credit rating to Investment Grade, “BBB-“, which is great news. According to a new analysis from credit agency Standard & Poor's (S&P) and NGO Carbon Tracker, oil companies could be facing credit downgrades if governments deliver an international agreement to tackle climate change. Standard & Poor's Fundamentals of Corporate Credit Analysis List Price: $75.00 List Price: $75.00 Your Price: $39.80- An authoritative, in-depth. Let's call this “fundamental analysis”. S&P, meanwhile, has bumped Sino-Forest's corporate credit rating and issue rating on its senior unsecured notes to CCC- from B. The outlook on the company is negative. The study is British website BusinessGreen report significantly, the modelling noted that the three companies focused on oil sands projects have issued $13.6 billion of corporate bonds, with more than 50 per cent of these maturing post-2020. Standard & Poor's Fundamentals of Corporate Credit Analysis Reviews. Dreyer and Amra Balic, “Progress Report: Integrating Enterprise Risk Management Analysis into Corporate Credit Ratings,” Standard & Poor's RatingsDirect, July 22, 2009. Though Bermuda has seen its outlook adjusted, like a number of other jurisdictions, the Government said they “pleased that the underlying fundamentals and strengths of our Bermuda economy have been recognised and that we have not been downgraded.”. Integration into Credit Ratings Related Materials. Download Standard & Poor's Fundamentals of Corporate Credit Analysis. In this article, I argue that there is a high probability that Turkey will receive an upgrade from S&P or Moody's, therefore achieve a “real” investment grade status “if” the CDS spreads for 5 year Turkish Government Bonds (currently 1.27%) fall below 110 basis points (1.1%). [Updated] Ratings agency Standard & Poor's [S&P] has lowered its outlook on Bermuda from stable to negative and affirmed its 'AA-/A-1+' long- and short-term issuer credit ratings [ICR] on the island.