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S&P Credit Research656 word report
published Nov 05, 2009
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S&P Credit Research
| Abstract: | The share of U.S. corporate speculative-grade ratings continues to decline as defaults from this segment mount. Of the 2,811 issuers that Standard&Poor's rates, 49.13% are rated speculative grade, down from 49.70% at the end of 2008 and 51.19% at the end of 2007. The 'B' rating category remains the largest, with 26.97% of issuers, followed by 'BBB' with 25.51% and 'A' with 18.96%. The share of entities rated 'CCC' and lower rose to 6.12%, or 172 entities, during the third quarter of 2009 from 4.83% (or 145 entities) at year-end 2008 and only 2.27% (or 71 entities) at the end of 2007. The sharp increase in issuers rated 'CCC' and lower is indicative of the magnitude of the
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| Brief Excerpt: | You are not entitled to view this Article. For technical support, please contact your help desk. Published by Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. Executive and Editorial offices:...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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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.
