| Title: | Credit Trends: Global Potential Fallen Angels (Premium) |
| Price: | $500.00 |
| Publication Date: | Mar 21, 2008 |
| Report Type: | Commentary |
| Abstract: | Fallen angels are issuers downgraded to speculative grade ('BB+' and lower) from investment grade ('BBB-' and higher), whereas rising stars move in the opposite movement. The key points from this month's fallen angels report are: Globally, 42 entities with rated debt totaling US$91.66 (€58.92) billion are listed as potential fallen angels, defined as entities rated 'BBB-' with either a negative outlook or on CreditWatch with negative implications. This tally is higher than the annual average count of potential fallen angels of 39 in 2007 and one less than 43 in 2006. However, the rate of actual fallen angels (as a proportion of total-rated credits) is presently running well below last year's levels and those in 2001-2002, the last recessionary period. |
| Brief Excerpt: | You are not entitled to view this Article. For technical support, please contact your help desk. Published by Standard & Poor's, a Division of The McGraw-Hill Companies, Inc. Executive offices: #### Avenue of the Americas, New York,... |
| Word Count: | 296 |
| Sector: | Public Finance, Global Issuers, Structured Finance, Financial Institutions, Insurance, Sovereigns, Corporations, International Public Finance, Utilities, Servicer Evaluations, Asset-Backed Securities, Collateralized Debt Obligations, Real Estate Companies, Asset-Backed Commercial Paper, Commercial MBS, Residential MBS |
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