S&P Global Ratings’ Credit Research
S&P Global Ratings' credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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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Latest Reports from S&P Global Ratings’ Credit Research
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| Bulletin: Hostilities Between India And Pakistan Heighten Credit Risks In Both Countries | May 08, 2025 | ||||||||||||||||||||||
| ...Bulletin: Hostilities Between India And Pakistan Heighten Credit Risks In Both Countries . May #, #### (Editor's Note: In the original version of this bulletin published May #, ####, we misstated the short-term credit rating on India. A corrected... | |||||||||||||||||||||||
| China LGFVs In Transition: Shandong's Race To Reform | May 07, 2025 | ||||||||||||||||||||||
| ...China LGFVs In Transition: Shandong's Race To Reform May #, #### This report does not constitute a rating action. China LGFVs In Transition: Shandong's Race To Reform May #, #### PRIMARY CREDIT ANALYSTS Lorraine Liu Hong Kong +###... | |||||||||||||||||||||||
| Bulletin: ANZ To Maintain Credit Strength On Improved Revenue | May 07, 2025 | ||||||||||||||||||||||
| ...Bulletin: ANZ To Maintain Credit Strength On Improved Revenue . May #, #### This report does not constitute a rating action. MELBOURNE (S&P Global Ratings) May #, ####--Australia and New Zealand Banking Group Ltd. (ANZ) will maintain robust credit... | |||||||||||||||||||||||
| Research Update: Helia Insurance Outlook Revised To Negative On Competitive Pressure; 'A' Ratings Affirmed | May 07, 2025 | ||||||||||||||||||||||
| ...Research Update: Helia Insurance Outlook Revised To Negative On Competitive Pressure; 'A' Ratings Affirmed . May #, #### Overview · The loss of an exclusive distribution contract with Commonwealth Bank of Australia (CBA) could pressure the competitive position of Helia Insurance Pty... | |||||||||||||||||||||||
| Resorts World Las Vegas LLC | May 07, 2025 | ||||||||||||||||||||||
| ...Resorts World Las Vegas LLC . May #, #### Credit Highlights . Overview Key strengths Key risks Strong support from parent company Genting Bhd. Limited record of operations. Genting group's track record of operating integrated resorts. Single asset concentration risk. Good... | |||||||||||||||||||||||
| Korean Petrochemical Companies Face A Deeper Downcycle | May 07, 2025 | ||||||||||||||||||||||
| ...Korean Petrochemical Companies Face A Deeper Downcycle . May #, #### This report does not constitute a rating action. Key Takeaways · Korea's petrochemical companies face at least another difficult year. Overcapacity and subdued demand will likely persist and squeeze profitability... | |||||||||||||||||||||||
| Genting Malaysia Bhd. | May 07, 2025 | ||||||||||||||||||||||
| ...Genting Malaysia Bhd. . May #, #### This report does not constitute a rating action. Ratings Score Snapshot Credit Highlights . Overview Key strengths Key risks Core subsidiary of Genting Bhd., with branding and strategy closely aligned with those of the group... | |||||||||||||||||||||||
| Genting Bhd. | May 07, 2025 | ||||||||||||||||||||||
| ...Genting Bhd. . May #, #### This report does not constitute a rating action. Ratings Score Snapshot Credit Highlights . Overview Key strengths Key risks Monopoly in Malaysia and presence in Singapore's duopoly market. Focus on geographical expansion could increase leverage... | |||||||||||||||||||||||
| Research Update: Texas City, TX's Series 2025 Certificates Of Obligation Assigned 'AA-' Rating | May 07, 2025 | ||||||||||||||||||||||
| ...Research Update: Texas City, TX's Series #### Certificates Of Obligation Assigned '##-' Rating . May #, #### Overview · S&P Global Ratings assigned its '##-' long-term rating to Texas City, Texas' $## million series #### certificates of obligation. · At... | |||||||||||||||||||||||
| U.S. Capital Goods Companies Price In Tariff Costs To Defend Credit | May 07, 2025 | ||||||||||||||||||||||
| ...U.S. Capital Goods Companies Price In Tariff Costs To Defend Credit . May #, #### This report does not constitute a rating action. Key Takeaways · S&P Global Ratingsbelievesonly about ##% of issuers in U.S. capital goods could be... | |||||||||||||||||||||||
| Research Update: Whiteside, Bureau, And Henry Counties Community Unit School District No. 3, IL 2025 GO School Bonds Assigned 'A+' Rating | May 07, 2025 | ||||||||||||||||||||||
| ...Research Update: Whiteside, Bureau, And Henry Counties Community Unit School District No. #, IL #### GO School Bonds Assigned '##' Rating . May #, #### Overview · S&P Global Ratings assigned its `##' rating to Whiteside, Bureau, and Henry Counties Community... | |||||||||||||||||||||||
| Research Update: MultiCare Health System, WA Bond Rating Outlook Revised To Negative On Operating Losses | May 07, 2025 | ||||||||||||||||||||||
| ...Research Update: MultiCare Health System, WA Bond Rating Outlook Revised To Negative On Operating Losses . May #, #### Overview · S&P Global Ratings revised its outlook to negative from stable on various series of MultiCare Health System (MultiCare or MHS... | |||||||||||||||||||||||
| Research Update: Romeo Community Schools, MI 2025 GO Bonds Assigned 'AA' Long-Term Rating, 'A+' Underlying Rating | May 07, 2025 | ||||||||||||||||||||||
| ...Research Update: Romeo Community Schools, MI #### GO Bonds Assigned '##' Long-Term Rating, '##' Underlying Rating . May #, #### Overview · S&P Global Ratings assigned its '##' long-term rating and '##' underlying rating (SPUR) to Romeo Community School... | |||||||||||||||||||||||
| Research Update: Johnson County School District No. R-VI (Warrensburg), MO GO Bonds Assigned 'A+' Underlying Rating | May 07, 2025 | ||||||||||||||||||||||
| ...Research Update: Johnson County School District No. R-VI (Warrensburg), MO GO Bonds Assigned '##' Underlying Rating . May #, #### Overview · S&P Global Ratings assigned its '##+' long-term program-enhanced rating and '##' underlying rating to Johnson County... | |||||||||||||||||||||||
| Symphony CLO 38 Ltd Debt Assigned Preliminary Ratings In Connection With Proposed Refinancing | May 07, 2025 | ||||||||||||||||||||||
| ...Symphony CLO ## Ltd Debt Assigned Preliminary Ratings In Connection With Proposed Refinancing May #, #### Overview - We reviewed Symphony CLO ## Ltd./Symphony CLO ## LLC, which, based on its proposed supplemental indenture, is expected to refinance its class... | |||||||||||||||||||||||
| Presale: Symphony CLO 38 Ltd./Symphony CLO 38 LLC (Refinancing And Extension) | May 07, 2025 | ||||||||||||||||||||||
| ...Presale: Symphony CLO ## Ltd./Symphony CLO ## LLC (Refinancing And Extension) May #, #### Preliminary ratings Class Preliminary rating Balance (mil. $) Overcollateralization (%) Par subordination (%) Interest rate (%) X-R(i) ### (sf) #.### N/A N/A Three-month... | |||||||||||||||||||||||
| Research Update: Four Lakes Special Assessment District, MI 2025 GO Bonds Assigned 'AA-' Rating | May 07, 2025 | ||||||||||||||||||||||
| ...Research Update: Four Lakes Special Assessment District, MI #### GO Bonds Assigned '##-' Rating . May #, #### Overview · S&P Global Ratings assigned its '##-' rating to Four Lakes Special Assessment District, Mich.'s roughly $## million series #### limited... | |||||||||||||||||||||||
| Research Update: Spectrum Group Buyer Inc. (dba Pixelle Specialty Solutions) Downgraded To 'SD' On Missed Interest Payment | May 07, 2025 | ||||||||||||||||||||||
| ...Research Update: Spectrum Group Buyer Inc. (dba Pixelle Specialty Solutions) Downgraded To '##' On Missed Interest Payment . May #, #### Rating Action Overview · Spectrum Group Buyer Inc.'s (dba Pixelle Specialty Solutions) amended its senior secured credit agreement to, among... | |||||||||||||||||||||||
| Summary: FMSbonds Inc. (Series 2025-XF1914); Residual Certificates; Tender Option Certificates/Bonds | May 07, 2025 | ||||||||||||||||||||||
| ...Summary: FMSbonds Inc. (Series ####-XF####); Residual Certificates; Tender Option Certificates/Bonds Primary Credit Analyst: Ryan Dorgan, Chicago +# ##########; ryan Secondary Contact: Thomas G Dunn, New York + # (###) ### ####; thomas.dunn@spglobal.com Research Contributor: Pooja Vador... | |||||||||||||||||||||||
| Summary: University of Portland, Oregon; Private Coll/Univ - General Obligation | May 07, 2025 | ||||||||||||||||||||||
| ...Summary: University of Portland, Oregon; Private Coll/Univ - General Obligation Primary Credit Analyst: Vicky Stavropoulos, Chicago +# ##########; vicky Secondary Contact: Nicholas K Fortin, Augusta + # (###) ### ####; Nicholas Table Of Contents Credit Highlights Outlook WWW MAY #, ####... | |||||||||||||||||||||||
