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S&P Credit Research996 word report
published Nov 03, 2009
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| Abstract: | TORONTO (Standard&Poor's) Nov. 3, 2009--Standard&Poor's Ratings Services today said that Groupe Aeroplan Inc.'s announced agreement to acquire Carlson Marketing (CM) would not by itself affect the corporate credit rating on the company (BBB-/Stable/--). According to Groupe Aeroplan, the company expects to acquire CM for US$175.3 million, financed with cash on hand and increased borrowing. We understand that the agreement is subject to customary closing conditions and antitrust approvals in the U.S. and Canada and that the transaction is targeted to close by early December 2009. CM's core businesses, as Standard&Poor's understands them, primarily include providing fulfillment services to loyalty programs, including marketing, advertising, redemption fulfillment, and data analytics services. The company also operates a
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| Brief Excerpt: | RESEARCH Ratings Definitions Bulletin: Groupe Aeroplan Inc. Ratings Unaffected By Announced Agreement To Acquire Carlson Marketing Publication date: 03-Nov-2009 Primary Credit Analyst: Greg Pau, Toronto (1) 416-507-2518; greg_pau@standardandpoors.com...
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| Report Type: | Bulletin
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| Issuer: | Groupe Aeroplan Inc.
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| GICS: | Advertising (25401010)
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| Sector: | Global Issuers
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| Country: | Canada
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| Region: | Canada
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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- Groupe Aeroplan Inc. $400.00
Leading position with long-established strategic commercial partners in both Canada and the U.K. Improved business diversity and potential synergistic benefit through the acquisition of Loyalty Management Group Predictable operating margin ...
- Summary: Groupe Aeroplan Inc. $175.00
The rating on Groupe Aeroplan Inc. reflects what Standard&Poor's Ratings Services sees as the company's leading market position, benefits from the Loyalty Management Group (LMG) acquisition, and good cost management in the Aeroplan program. ...
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TORONTO (Standard&Poor's) April 9, 2009--Standard&Poor's Ratings Services today said it assigned its 'BBB-' debt rating to Groupe Aeroplan Inc.'s proposed three-year C$150 million senior secured notes. The proposed notes (which could be issued ...
- Groupe Aeroplan Inc. Outlook To Stable From Positive On Deferred Achievement Of Financial Target; 'BBB-' CCR Affirmed $100.00
TORONTO (Standard&Poor's) March 26, 2009--Standard&Poor's Ratings Services today said it revised the outlook on Groupe Aeroplan Inc. to stable from positive. At the same time, we affirmed our long-term corporate credit rating on the company ...
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On March 26, 2009, Standard&Poor's Ratings Services revised the outlook on Groupe Aeroplan Inc. to stable from positive. At the same time, we affirmed our long-term corporate credit rating on the company at 'BBB-'. The outlook revision reflects ...
- Bulletin: Groupe Aeroplan Inc. Ratings Unaffected By Temporary Changes To Air Canada Payment Terms $100.00
TORONTO (Standard&Poor's) Dec. 2, 2008--Standard&Poor's Ratings Services today said that Groupe Aeroplan Inc.'s announcement to temporarily accelerate its payments to Air Canada (B/Watch Neg/--) for flight reward tickets issued through to May ...
- Groupe Aeroplan Inc. Assigned 'BBB-' Corporate Credit Rating; Outlook Positive $100.00
TORONTO (Standard&Poor's) Oct. 16, 2008--Standard&Poor's Ratings Services today said it assigned its 'BBB-' long-term corporate credit rating to Groupe Aeroplan Inc. The outlook is positive. "The rating on Groupe Aeroplan reflects the company's ...
- Research Update: Groupe Aeroplan Inc. Rated 'BBB-'; Outlook Positive $175.00
On Oct. 16, 2008, Standard&Poor's Ratings Services assigned its 'BBB-' long-term corporate credit rating to Groupe Aeroplan Inc. The outlook is positive. The rating on Groupe Aeroplan reflects the company's leading market position, benefits ...
