Monday May 28, 2018 12:25

STANDARD & POO Press Releases

Marlborough District Council Ratings Affirmed at #AA/A-1+#; Outlook Remains Stcoks—28 May 18

- Marlborough District Council (Marlborough)'s long-term plan calls for higher levels of capital expenditure during the next few years. We expect Marlborough to record modest after-capital deficits through the forecast period, though its debt burden will

Taupo District Council Ratings Affirmed At #AA/A-1+#; Outlook Remains Stcoks—28 May 18

- Taupo's financial management, budgetary performance, and liquidity continue to support the ratings on the New Zealand-based district council. - We expect Taupo's debt burden to decline relative to revenues as the council maintains its strong operating

Firstmac Mortgage Funding Trust No.4 Series 2-2018 Prime RMBS Assigned Preliminary Stcoks—28 May 18

MELBOURNE (S&P Global Ratings) May 28, 2018--S&P Global Ratings today assigned preliminary ratings to five of the six classes of prime residential mortgage-backed securities (RMBS) to be issued by Firstmac Fiduciary Services Pty Ltd. as trustee

Corning Inc.#s Yen-Denominated Senior Unsecured Notes Rated #BBB+# Stcoks—28 May 18

NEW YORK (S&P Global Ratings) May 27, 2018--S&P Global Ratings today assigned its 'BBB+' issue-level rating to Corning Inc.'s proposed yen-denominated senior unsecured notes. We expect the company to use the debt proceeds for general corporate

Crude Oil Tanker Operator Navios Midstream #B# Rating Outlook Stable Stcoks—25 May 18

FRANKFURT (S&P Global Ratings) May 25, 2018--S&P Global Ratings said today that it had affirmed its 'B' long-term issuer credit rating on Marshall Islands-registered owner and operator of crude oil tankers Navios Maritime Midstream Partners L.P.

Shipping And Logistics Company Navios Maritime Holdings Upgraded To #B# On Improving Financial Stcoks—25 May 18

FRANKFURT (S&P Global Ratings) May 25, 2018--S&P Global Ratings said today that it had raised its long-term issuer credit rating on Marshall Islands-registered shipping and logistics company Navios Maritime Holdings Inc. (Navios Holdings) to 'B'

Ratings Assigned To Auto ABS Transaction Driver UK Master, Compartment 3 Series Stcoks—25 May 18

LONDON (S&P Global Ratings) May 25, 2018--S&P Global Ratings today assigned its credit ratings to Driver UK Master S.A., Compartment 3's series 2016-1 class A and B notes. At closing, the issuer issued an unrated subordinated loan (see list

Credit Suisse (Schweiz) AG Assigned #A/A-1# Outlook Stable Stcoks—25 May 18

FRANKFURT (S&P Global Ratings) May 25, 2018--S&P Global Ratings said today that it has assigned its 'A/A-1' long- and short-term issuer credit ratings to Switzerland-based Credit Suisse (Schweiz) AG (CSSAG). The outlook is stable. CSSAG is the

Japan Housing Finance Agency#s 157.4 Billion Series 133 Structured Issuance Assigned #AAA (sf)# Stcoks—25 May 18

TOKYO (S&P Global Ratings) May 25, 2018--S&P Global Ratings today said it has assigned its 'AAA (sf)' rating to Japan Housing Finance Agency's (JHF) JPY / CNY157.4 billion series 133 fixed-rate residential mortgage-secured pass-through notes. The

Various Rating Actions Taken On 2,423 Classes From 875 U.S. RMBS Transactions Stcoks—25 May 18

NEW YORK (S&P Global Ratings) May 24, 2018--S&P Global Ratings today completed its review of 2,423 classes from 875 U.S. residential mortgage-backed securities (RMBS) transactions issued between 1996 and 2008. All of these transactions are backed

Octagon Investment Partners 37 Ltd. $513.65 Million Notes Assigned Preliminary Stcoks—25 May 18

NEW YORK (S&P Global Ratings) May 24, 2018--S&P Global Ratings today assigned its preliminary ratings to Octagon Investment Partners 37 Ltd./Octagon Investment Partners 37 LLC's $513.65 million floating-rate notes (see list). The note issuance is

Triple Point Group Holdings Inc. Rating Raised To #CCC# From #SD# Following Distressed Debt Stcoks—25 May 18

NEW YORK (S&P Global Ratings) May 24, 2018--S&P Global Ratings today raised its corporate credit rating on Westport, Conn.-based Triple Point Group Holdings Inc. to 'CCC' from 'SD'. The outlook is negative. At the same time, we raised our

Global Administrative Services Company Computershare Ltd. Rated #BBB# With Stable Stcoks—25 May 18

MELBOURNE (S&P Global Ratings) May 25, 2018--S&P Global Ratings today said it has assigned a 'BBB' issuer credit rating to Australia-based business administration services company Computershare Ltd. The outlook is stable. At the same time, we

LEAP Academy University Charter School, NJ Series 2014 Revenue Bond Outlook Revised To Negative On Stcoks—25 May 18

NEW YORK (S&P Global Ratings) May 24, 2018--S&P Global Ratings revised the outlook on its 'BB-' rating on the New Jersey Economic Development Authority's series 2014 revenue bonds issued for LEAP Cramer Hill LLC, on behalf of LEAP Academy

Fred Hutchinson Cancer Research Center, WA Rating Raised To #A+# On Expected Financial Im Outlook Stcoks—25 May 18

CENTENNIAL (S&P Global Ratings) May 24, 2018--S&P Global Ratings raised its long-term rating to 'A+' from 'A' on Washington Health Care Facilities Authority's series 2017A-2017C revenue bonds, issued for Fred Hutchinson Cancer Research Center,

Credit Acceptance Auto Loan Trust 2018-2 $450.0 Million Notes Assigned Stcoks—25 May 18

NEW YORK (S&P Global Ratings) May 24, 2018--S&P Global Ratings today assigned its ratings to Credit Acceptance Auto Loan Trust 2018-2's $450.0 million asset-backed notes (see list). The note issuance is an asset-backed securities transaction

Atkore International Inc. #BB-# Rating Affirmed On Sponsor#s Debt Rating Outlook Stcoks—25 May 18

NEW YORK (S&P Global Ratings) May 24, 2018--S&P Global Ratings today affirmed its 'BB-' corporate credit rating on Harvey, Ill.-based electrical raceway products manufacturer and distributor Atkore International Inc. The outlook is stable. Our

Ratings Assigned To Six Classes From Newfleet CLO 2016-1 Ltd. In Connection With Stcoks—25 May 18

CENTENNIAL (S&P Global Ratings) May 24, 2018--S&P Global Ratings today assigned its ratings to the class A-1-R, A-2-R, B-R, C-R, D-R, and E-R replacement notes from Newfleet CLO 2016-1 Ltd., a collateralized loan obligation (CLO) originally

Connecticut#s Series 2018C And D General Obligation Bonds Rated #A# With A Stable Other Ratings Stcoks—25 May 18

NEW YORK (S&P Global Ratings) May 24, 2018--S&P Global Ratings has assigned its 'A' rating to the State of Connecticut's $400 million general obligation (GO) bonds, 2018 series C, and $100 million GO refunding bonds, 2018 series D. At the same

Indonesia#s Proposed Senior Unsecured Yen-Denominated Bonds Assigned #BBB-# Long-Term Foreign Stcoks—24 May 18

SINGAPORE (S&P Global Ratings) May 24, 2018--S&P Global Ratings today assigned its 'BBB-' long-term foreign currency rating to the following Japanese yen-denominated fixed-rate senior unsecured bonds proposed by Indonesia

Ratings Assigned To Cash Flow CLO Transaction Avoca CLO XVIII Stcoks—24 May 18

LONDON (S&P Global Ratings) May 24, 2018--S&P Global Ratings today assigned its credit ratings to Avoca CLO XVIII DAC's class A, B-1, B-2, C, D, E, and F notes. At closing, Avoca also issued unrated subordinated notes (see list below). Avoca

Credit Union Payment Center Outlook Revised To Positive On Resilient Results And Zero-Debt #BB/B# Stcoks—24 May 18

MOSCOW (S&P Global Ratings) May 24, 2018--S&P Global Ratings today revised its outlook to positive from stable on Russia-based Credit Union Payment Center (RNKO), a core subsidiary and payment settlement center for Center of Financial

Longstone Finance Class A And B Notes Upgraded Following Lloyds Bank Stcoks—24 May 18

LONDON (S&P Global Ratings) May 24, 2018--S&P Global Ratings today raised its credit ratings on Longstone Finance PLC's class A and B notes. We took no action on the Class C notes (see list below). Today's upgrades follow our May 8, 2018, upgrade

RESIMAC Triomphe Trust - RESIMAC Premier Series 2018-1 Prime RMBS Assigned Stcoks—24 May 18

MELBOURNE (S&P Global Ratings) May 24, 2018--S&P Global Ratings today assigned its ratings to eight classes of prime residential mortgage-backed securities (RMBS) issued by Perpetual Trustee Co. Ltd. as trustee for RESIMAC Triomphe Trust -

Bolivia Downgraded To #BB-# On Weaker External Outlook Is Stable Stcoks—24 May 18

On May 23, 2018, S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Bolivia to 'BB-' from 'BB'. At the same time, we affirmed our 'B' short-term foreign and local currency ratings. The outlook on the

Performance Food Group Inc. Upgraded To #BB# As Performance Improves And Leverage Outlook Stcoks—24 May 18

CHICAGO (S&P Global Ratings) May 23, 2018--S&P Global Ratings today raised its corporate credit rating on Richmond, Va.-based Performance Food Group Inc. to 'BB' from 'BB-'. The outlook is stable. At the same time, we raised our issue ratings on

Springer SBM One GmbH #B# Rating Affirmed Following Postponement Of Off Watch Outlook Stcoks—23 May 18

LONDON (S&P Global Ratings) May 23, 2018--S&P Global Ratings said today that it affirmed its 'B' long-term issuer credit rating on Germany-based publisher Springer SBM One GmbH (Springer) and removed the rating from CreditWatch with positive

ICBC International Holdings Ltd. #s Guaranteed US$2 Billion Medium-Term Notes Program Rated Stcoks—23 May 18

HONG KONG (S&P Global Ratings) May 23, 2018--S&P Global Ratings today assigned its 'A-' long-term and 'A-2' short-term foreign and local currency issue ratings to a US$2 billion medium-term notes (MTN) program by Horse Gallop Finance Ltd. The

Nufarm Ltd.#s New Senior Unsecured Notes Assigned #BB-# Ratings Stcoks—23 May 18

MELBOURNE (S&P Global Ratings) May 23, 2018--S&P Global Ratings today said that it had assigned its long-term issue credit ratings of 'BB-' to Nufarm Ltd. 's US$475 million senior unsecured notes due 2026. The issuance comprises tranche A for an

Pepper I-Prime 2018-1 Trust Prime RMBS Assigned Preliminary Ratings Stcoks—23 May 18

MELBOURNE (S&P Global Ratings) May 23, 2018--S&P Global Ratings today assigned its preliminary ratings to eight classes of prime residential mortgage-backed securities (RMBS) to be issued by Permanent Custodians Ltd. as trustee of Pepper I-Prime