...On May ##, ####, Fitch Ratings published a Sp ecial Report entitled Borderline Credits \## Part I. That report focused on corporate credits with a Fitch i ssuer default rating (IDR) of BBB or BBB - that are either on Rating Wa tch Negative or Rating Outlook Negative. Of particular focus were the ra tings rationale and events that could potentially result in a downgrade. This repo rt is a follow-up to the May ## report and focuses on corporate credits rated BB and BB+ that are either on Rating Watch Positive or Rating Outlook Po sitive, with a focus on the ratings rationale and events that could potentially result in an upgrade. The incentives for companies to attain investment grade ratings are significant. As of June ##, ####, the Bloomberg US ##-year B B -rated Corporate Bond Composite Index (BB Index) was trading at a yield of #.##%, representing a spread of approximately ### basis points over US Treasuries. The Bloo mberg ##-year BBB -rated Corporate Bond Composite...
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| Company(ies): | Ameren Corporation, AmerenCIPS, Avista Corporation, Central Illinois Light Company, CILCORP Inc., Cleveland Electric Illuminating Co., Entergy New Orleans, Inc., Flowserve Corporation, Illinois Power Company, Kansas Gas & Electric Company, Nevada Power Company, Potlatch Corporation, Sierra Pacific Power Company, Sierra Pacific Resources, Inc., Terra Capital, Inc., Terra Industries Inc., Terra Nitrogen Co., L.P., The Interpublic Group of Cos., Inc., Toledo Edison Company, Westar Energy, Inc.
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| Ticker(s): | AEE , AVA , FLS , IPG , PCH , SRP , TNH , TRA , WR
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