Debt Ratings, Coming Right Up!
Our weekly downgrade list may have to change its name. According to an encouraging report from debt ratings agency Standard & Poors, upgrades are on the up and up. Titled “Upgrade Potential Across Credit Grades and Sectors,” the report states the the number of issuers poised for upgrade increased last month to 157, up from its five-year low of 136 in March. That number is still lower than the trailing twelve-month average. The number of issuers poised for downgrade shrunk slightly to 965, down from 992 in the prior month and down from the all-time peak of 1,028 in April.
11 August 2009•2 mins read
