Brink's Outlook Revised To Negative As Investor Groups Call For Changes, Possible Split-Up - S&P Global Ratings’ Credit Research

Brink's Outlook Revised To Negative As Investor Groups Call For Changes, Possible Split-Up

Brink's Outlook Revised To Negative As Investor Groups Call For Changes, Possible Split-Up - S&P Global Ratings’ Credit Research
Brink's Outlook Revised To Negative As Investor Groups Call For Changes, Possible Split-Up
Published Apr 16, 2007
826 words — Published Apr 16, 2007
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Abstract:

NEW YORK (Standard&Poor's) April 16, 2007--Standard&Poor's Ratings Services today revised its outlook on The Brink's Co. to negative from stable. The outlook change reflects the likelihood of a downgrade of the rating if calls by certain activist investor groups (including Pirate Capital and MMI Investments, which each currently hold about 8% of the common stock of the company) result in a split-up or other material change to the business or financial profile of the company. The 'BBB+' corporate credit rating was affirmed, reflecting Brink's current business and financial profile. "Pirate Capital and MMI Investments have amassed a material ownership percentage in Brink's and are now calling for the company to split up its two businesses," said

  
Brief Excerpt:

RESEARCH Brink's Outlook Revised To Negative As Investor Groups Call For Changes, Possible Split-Up Publication date: 16-Apr-2007 NEW YORK (Standard & Poor's) April 16, 2007--Standard & Poor's Ratings Services today revised its outlook...

  
Report Type:

Ratings Action

Ticker
BCO
Issuer
The Brink's Co.
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Brink's Outlook Revised To Negative As Investor Groups Call For Changes, Possible Split-Up" Apr 16, 2007. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Brink-s-Outlook-Revised-To-Negative-As-Investor-Groups-Call-For-Changes-Possible-Split-Up-573109>
  
APA:
S&P Global Ratings’ Credit Research. (). Brink's Outlook Revised To Negative As Investor Groups Call For Changes, Possible Split-Up Apr 16, 2007. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Brink-s-Outlook-Revised-To-Negative-As-Investor-Groups-Call-For-Changes-Possible-Split-Up-573109>
  
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