S&P Raises CUC Intl Rtgs, Off Watch Following Merger - S&P Global Ratings’ Credit Research

S&P Raises CUC Intl Rtgs, Off Watch Following Merger

S&P Raises CUC Intl Rtgs, Off Watch Following Merger - S&P Global Ratings’ Credit Research
S&P Raises CUC Intl Rtgs, Off Watch Following Merger
Published Dec 18, 1997
2 pages (889 words) — Published Dec 18, 1997
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NY -- Standard&Poor's CreditWire 12/18/97 -- Standard&Poor's today raised its subordinated debt rating of CUC International Inc. to single-`A'-minus from triple-`B' and removed it from CreditWatch, following the closing of the HFS Inc. and CUC merger yesterday. The name of the merged company is now Cendant Corp. The corporate credit and senior unsecured rating of Cendant Corp. is single-`A'. The outlook is now stable. OUTLOOK: STABLE Cendant's ratings are likley to remain unchanged while the company integrates its many recent acquisitions and seeks to capitalize on cross marketing opportunities, Standard&Poor's said. -- CreditWire ISSUER CREDIT RATING Cendant Corp. Corp credit rtgA/Stable/-- REVISED RATINGS CUC International Inc. Sub debt A-/N.R. A-/Watch, Pos

  
Brief Excerpt:

...NY -- Standard & Poor's CreditWire 12/18/97 -- Standard & Poor's today raised its subordinated debt rating of CUC International Inc. to single-`A'-minus from triple-`B' and removed it from CreditWatch, following the closing of the HFS Inc. and CUC merger yesterday. The name of the merged company is now Cendant Corp. The corporate credit and senior unsecured rating of Cendant Corp. is single-`A'. The outlook is now stable. OUTLOOK: STABLE Cendant's ratings are likley to remain unchanged while the company integrates its many recent acquisitions and seeks to capitalize on cross marketing opportunities, Standard & Poor's said. -- CreditWire...

  
Report Type:

Ratings Action

Ticker
CAR
Issuer
Avis Budget Group Inc.
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "S&P Raises CUC Intl Rtgs, Off Watch Following Merger" Dec 18, 1997. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Raises-CUC-Intl-Rtgs-Off-Watch-Following-Merger-3268592>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Raises CUC Intl Rtgs, Off Watch Following Merger Dec 18, 1997. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Raises-CUC-Intl-Rtgs-Off-Watch-Following-Merger-3268592>
  
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