S&P: Rising star potential falls to four-year lows

By Susanna Moon

Chicago, July 10 - Standard & Poor's said in a report that there was no change in the global count of issuers positioned to rise to investment grade.

The tally stands at a 44-month low of 12 issuers, according to the agency. Meanwhile, the count of issuers about to cross over into junk territory is elevated at 43 issuers.

"Of those positioned to ascend to investment grade, 50% are from emerging market countries," Diane Vazza, head of S&P's global fixed-income research group, noted in a written statement.

"Growth in these markets is expected as world financial assets continue to flow into them," Vazza said.

Potential rising stars constitute $32.81 billion in rated debt, of which more than half was attributed to sovereigns, the agency noted.

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