Home Credit Ratings and Research S&P Global Ratings’ Credit Research The Brink's Co.

Bulletin: Investor's Calls For Strategic Changes Does Not Affect Brink's Rating Or Outlook At This Time

Published Jan 08, 2007

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Abstract:

NEW YORK (Standard&Poor's) Jan. 8, 2007--Pirate Capital LLC sent a letter to the Board of Directors of the Brink's Co. (BBB+/Stable/--) and filed a Form 13D with the SEC on Jan. 4, 2007, in which Pirate reiterated its request that Brink's retain an investment bank to examine strategic alternatives, questioned the company's stated acquisition strategy, and requested that Brink's replace two existing directors with Pirate Capital nominees. Standard&Poor's Ratings Services said today that its rating and outlook on Brink's are unaffected at this time but that it will continue to monitor the situation closely. If external pressures were to make significant changes to Brink's current strategic direction or historically moderate financial policies more likely, the rating

Report Type:

Bulletin

Ticker

BCO

Issuer

The Brink's Co.

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Investor's Calls For Strategic Changes Does Not Affect Brink's Rating Or Outlook At This Time" Jan 08, 2007. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Investor-s-Calls-For-Strategic-Changes-Does-Not-Affect-Brink-s-Rating-Or-Outlook-At-This-Time-556082>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Investor's Calls For Strategic Changes Does Not Affect Brink's Rating Or Outlook At This Time Jan 08, 2007. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Investor-s-Calls-For-Strategic-Changes-Does-Not-Affect-Brink-s-Rating-Or-Outlook-At-This-Time-556082>

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