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S&P Credit Research515 word report
published Oct 27, 2008
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S&P Credit Research
| Abstract: | LONDON (Standard&Poor's) Oct. 27, 2008--Standard&Poor's Ratings Services said today it revised its outlook on Germany-based postal service provider Deutsche Post AG (DP) to negative from stable following the group's cut in its profit outlook for 2008 and, given market uncertainty, withdrawal of profit guidance for 2009. At the same time, Standard&Poor's affirmed its 'BBB+' long-term corporate credit and 'A-2' short-term ratings on DP. The outlook is negative. "The outlook revision reflects our concerns that the global economic environment is deteriorating markedly," said Standard&Poor's credit analyst Leigh Bailey, "and that this will adversely affect DP's trading performance and make it more challenging for the group to improve its financial profile in line with
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| Brief Excerpt: | RESEARCH Ratings Definitions Deutsche Post AG '###+' Corporate Credit Rating Affirmed; Outlook Revised To Negative Publication date: 27-Oct-2008 Primary Credit Analyst: Leigh Bailey, London (44) 20-7176-3780; leigh_bailey@standardandpoors.com...
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| Report Type: | Ratings Action
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| Ticker: | DPW@GR
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| Issuer: | Deutsche Post AG
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| GICS: | Air Freight & Logistics (20301010)
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| Sector: | Corporations, Global Issuers, Transportation
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| Country: | Germany
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| Region: | United States
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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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