Log in to your IBTimes Account

close
ID
Password

S&P alters rating standards for speculative-grade credit



By AP
13 May 2008 @ 10:51 am EST

NEW YORK - Credit ratings agency Standard & Poor's said Tuesday it is altering its criteria for rating speculative-grade credit.

Related Topic

Get stories by e-mail on this topic.

E-mail:

Speculative-grade credit, commonly referred to as "junk," is anything S&P rates "BB+" or lower.

S&P will now place more weight on near-term risk factors -which S&P considers a two-year time horizon -when reviewing speculative-grade credit.

A new ratings matrix was also designed to help evaluate the probability, impact and time frame of risks and opportunities that confront companies, S&P said in a statement.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Industries
Major miners have expressed confidence that China would be much less affected by any global downturn, but investors seem to be having second thoughts abo...
The contracts awarding oil concessions to a Norwegian oil company have been suspended after Peru mines and energy minister and state oil and gas official...
Strong demand and the erosion of iron ore grade has driven iron ore prices to record territory, BMO Global Market asserts.

Advertisement
Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives