Abstract: Credit Conditions Deteriorate For Private Equity-Owned And Leveraged Companies In Europe LONDON (Standard&Poor's) Dec. 11, 2008--Credit conditions are deteriorating for leveraged companies in Europe, according to an article published by Standard&Poor's Ratings Services. There has been a downward rating migration both for our publicly rated credits and our portfolio of credit estimates (CEs) during 2008. 'ccc' credits have grown to 5.2% of our private portfolio in mid-November from 1.6% at the end of 2007. For our publicly rated companies in Europe, Middle East, and Africa (EMEA), credits in 'CCC' categories now comprise 8.8% of our publicly rated speculative-grade industrial ratings in Europe, compared with 3.3% at year-end 2007. Downgrades have accelerated in both groups of credit

Brief Excerpt: RESEARCH Ratings Definitions Credit Conditions Worsen For Europe's Private Equity-Owned & Leveraged Companies, Article Says Publication date: 11-Dec-2008 Primary Credit Analyst: Taron Wade, London (44) 20-7176-3661; taron_wade@standardandpoors.com...

Report Type: News
Sector: Corporations, Global Issuers
Free Sample: Click Here to Download

Enter the keyword(s) which you would like to search for within this document and click "Search"

 

 S&P Credit Research
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.