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Global Corporate Debt Demand

While global corporate debt demand is projected to be $57 trillion from 2015 through 2019, the prospects of rising defaults in the world’s biggest corporate debt market – China – and the surge in U.S. leveraged finance pose the two biggest risks to… More

For The U.S., Trade Is About More Than The Dollar

Perhaps not since the passage of the NAFTA trade agreement more than 20 years ago has the topic of international trade been so bandied about by U.S. lawmakers, business leaders, and op-ed writers. More

Brazil Outlook Revised To Negative; Ratings Affirmed

Brazil faces challenging political and economic circumstances despite what we consider to be a significant policy correction during President Dilma Rousseff's second term. More

Global Corporate And Sovereign Rating Actions And Outlook

Global credit quality remains stable with developed economies seeing below-average upgrade and downgrade potential—however, downgrade risk remains in the emerging markets, especially in Latin America and EEMEA, in light of geopolitical and economic… More

Koninklijke Philips Downgraded To 'BBB+' On Weakened Operational And Financial Performance; Outlook Stable

The downgrade reflects Philips' weak operational and financial performance in 2014 due to a moderate decline in its underlying performance and significant incidental charges that further depressed… More

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European Monetary And Financial Roundup: Divergence Dominates Global Monetary Policies

Monetary policies are moving in different directions among both developed and emerging countries. In advanced economies, monetary stances are diverging as economic performance takes different paths. More

Current Credit Themes In North American Banking

We address the evolving regulatory environment, higher capital requirements, low interest rates, and other challenges facing North American banks. More

Themes in Global Banking

European and American policymakers have deliberately sent a strong message to investors not to expect public solvency support if banks fail again. This may be politically expedient, but it could also have wide ranging impacts on banks, their capital … More

Teva Pharmaceutical Industries Ltd. Ratings Lowered To 'BBB+' From 'A-' And Kept On CreditWatch Negative

Israel-based generic drug maker Teva Pharmaceutical Industries Ltd. has announced that it has entered into an agreement to acquire the generics unit of Allergan PLC for $40.5 billion, funded by a… More

  • Jul 28, 2015

Global Downgrades Surpass Upgrades Around The World As Geopolitical And Economic Risks Increase

Standard & Poor's Ratings Services downgraded 244 issuers worth $1.2 trillion in rated debt and upgraded 125 issuers with $621 billion in rated debt in the second quarter of 2015. Downgrades eclipsed … More