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S&P Credit Research948 word report
published Dec 11, 2008
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S&P Credit Research
| Abstract: | Credit Conditions Deteriorate For Private Equity-Owned And Leveraged Companies In Europe LONDON (Standard&Poor's) Dec. 11, 2008--Credit conditions are deteriorating for leveraged companies in Europe, according to an article published by Standard&Poor's Ratings Services. There has been a downward rating migration both for our publicly rated credits and our portfolio of credit estimates (CEs) during 2008. 'ccc' credits have grown to 5.2% of our private portfolio in mid-November from 1.6% at the end of 2007. For our publicly rated companies in Europe, Middle East, and Africa (EMEA), credits in 'CCC' categories now comprise 8.8% of our publicly rated speculative-grade industrial ratings in Europe, compared with 3.3% at year-end 2007. Downgrades have accelerated in both groups of credit
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| Brief Excerpt: | RESEARCH Ratings Definitions Credit Conditions Worsen For Europe's Private Equity-Owned & Leveraged Companies, Article Says Publication date: 11-Dec-2008 Primary Credit Analyst: Taron Wade, London (44) 20-7176-3661; taron_wade@standardandpoors.com...
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| Report Type: | News
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| Sector: | Corporations, Global Issuers
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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.
