| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Ratings > News item |
Fewer fallen angels but more issuers at risk, S&P says
New York, Dec. 9 - Fallen angels are far rarer this year than in 2003 but the count of issuers at risk of being downgraded to junk has risen in the past two months, according to Standard & Poor's.
For 2004 through Dec. 3, 24 companies with $53.1 billion of rated debt have been cut from investment grade including three since S&P's last report on Oct. 15.
By comparison, there were 49 fallen angels in the same period of 2003 and 74 in the comparable part of 2002.
The current count is the lowest since 1997, S&P said.
However the list of potential fallen angels is now 50, up from 48 reported in October. Included are companies rated BBB- which are on CreditWatch negative or have a negative outlook.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.