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S&P Credit Research1932 word report
published Jul 28, 2009
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S&P Credit Research
| Abstract: | U.K.-based Ineos Group successfully reset covenants on July 15, 2009, reducing the likelihood of debt restructuring in the short term. We are raising our long-term corporate credit rating on Ineos from 'CCC' to 'CCC+'. Covenant compliance, debt amortization, and operating trends will remain challenging from 2010, in our view. The negative outlook reflects our views that the rating may come under pressure if operating trends do not continue to improve, if covenant compliance becomes a concern, if some debt restructuring appears, or if potential asset sales do not materialize. On July 28, 2009, Standard&Poor's Ratings Services raised its long-term corporate credit rating on U.K.-based chemical group Ineos to 'CCC+' from 'CCC'. The outlook is negative. The Ineos group
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Ineos Group Upgraded To '###+' On Successful Covenant Reset; Outlook Negative Publication date: 28-Jul-2009 Primary Credit Analyst: Lucas Sevenin, Paris (33) 1-4420-6661; lucas_sevenin@standardandpoors.com...
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| Report Type: | Research Update
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| Ticker: | 6623Z@LN
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| Issuer: | Ineos Group Holdings PLC
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| GICS: | Commodity Chemicals (15101010)
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| Sector: | Global Issuers
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| Country: | United Kingdom
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| Region: | Europe, Middle East, Africa
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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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- Ineos Group Upgraded To 'CCC+' On Successful Covenant Reset; Outlook Negative $100.00
U.K.-based Ineos Group successfully reset covenants on July 15, 2009, reducing the likelihood of debt restructuring in the short term. We are raising our long-term corporate credit rating on Ineos from 'CCC' to 'CCC+'. Covenant compliance, ...
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- Summary: Ineos Group Holdings PLC $175.00
The ratings on U.K.-based chemicals group Ineos (includes Ineos Group Holdings PLC, Ineos Holdings Ltd., Ineos Vinyls Finance PLC, and Ineos Vinyls Ltd., all rated CCC/Negative/--) reflect the material and short-term liquidity pressures the ...
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- Research Update: Ineos Group Ratings Cut To 'CCC' On Weak Market Conditions; Outlook Negative $175.00
On Jan. 23, 2009, Standard&Poor's Ratings Services lowered to 'CCC' from 'B-' its long-term corporate credit rating on U.K.-based chemical group Ineos, which includes Ineos Group Holdings PLC, Ineos Holdings Ltd., Ineos Vinyls Finance PLC, ...
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PARIS (Standard&Poor's) Dec. 11, 2008--Standard&Poor's Ratings Services said today that it affirmed its 'B-' long-term corporate credit ratings on U.K.-based chemical group Ineos (which includes Ineos Group Holdings PLC, Ineos Holdings Ltd., ...
- Research Update: Ineos Group Affirmed At 'B-' And Off Watch Neg On Successful Covenant Waivers; Outlook Neg $175.00
On Dec. 11, 2008, Standard&Poor's Ratings Services affirmed its 'B-' long-term corporate credit ratings on U.K.-based chemical group Ineos (which includes Ineos Group Holdings PLC, Ineos Holdings Ltd., Ineos Vinyls Finance PLC, and Ineos Vinyls ...
- Ineos Group Lowered To 'B-' And Placed On Watch Neg Re Weakening Profits And Covenant Issues $100.00
PARIS (Standard&Poor's) Nov. 18, 2008--Standard&Poor's Ratings Services said today it lowered its long-term corporate credit ratings to 'B-' from 'B+' on U.K.-based Ineos, which includes Ineos Group Holdings PLC, Ineos Holdings Ltd., Ineos ...
