| Title: | Credit Trends: Global Potential Fallen Angels |
| 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: | RESEARCH Ratings Definitions Credit Trends: Global Potential Fallen Angels Publication date: ##-Mar-#### Global Fixed Income Research: Diane Vazza, Managing Director, New York (#) ###-###-####; diane_vazza@standardandpoors.com Devi... |
| Word Count: | 760 |
| Sector: | Global Issuers, Structured Finance, Public Finance, Asset-Backed Securities, Financial Institutions, Insurance, Sovereigns, Corporations, International Public Finance, Utilities, Servicer Evaluations, Collateralized Debt Obligations, Real Estate Companies, Asset-Backed Commercial Paper, Commercial MBS, Residential MBS |
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