Content about Standard & Poor's

April 1, 2013

Standard & Poor's Ratings Services upgraded Whirlpool's long-term corporate credit rating one notch to "BBB" from "BBB-," the lowest investment-grade rating.

January 30, 2013

The Standard & Poor's/Case Shiller index rose 5.5% over last year.

April 11, 2012

Credit ratings service Standard & Poor's (S&P) delivered a guarded but upbeat assessment of U.S. home builders, reporting that “operating conditions … have improved over the past six months, and the sector's overall credit quality has steadied as a result.” The new report cites a “cautiously stable” outlook for the sector overall, but warns that that trend could backpedal later this year if the baseline residential construction forecast doesn't materialize.

January 23, 2012

Standard & Poor's Ratings Services has lowered its rating on the unsecured notes of Building FirstSource to 'CC' from 'CCC-' and revised its recovery rating to '6' from '5' to reflect diminished recovery prospects, given a higher level of first-lien obligations, the credit rating company announced. The '6' recovery rating indicates an expectation for a negligible (0% to 10%) recovery in the event of a payment default.

January 23, 2012

Standard & Poor's Ratings Services has lowered its rating on the unsecured notes of Building FirstSource to 'CC' from 'CCC-' and revised its recovery rating to '6' from '5' to reflect diminished recovery prospects, given a higher level of first-lien obligations, the credit rating company announced. The '6' recovery rating indicates an expectation for a negligible (0% to 10%) recovery in the event of a payment default.

July 19, 2011

An article just released by Standard & Poor's Ratings Services predicted that mergers and acquisitions among forest product companies will continue to increase over the next few quarters due to strong balance sheets and attractive financing terms. But this M&A activity will largely be contained to the paperboard and packing sectors, according to "Top Investor Questions For The U.S.

March 24, 2011

In a report entitled "Commercial Construction Markets are Helping to Repair U.S. Building Materials,” Standard & Poor's Ratings Services has posited that commercial construction and the slowed rate of spending decline for that sector has helped the overall credit availability for construction projects. 

Standard & Poor's economists are projecting a 14% increase in residential housing in 2011 over 2010, and spending on repairs and remodeling possibly increasing about 5%.

February 22, 2011

The S&P/Case-Shiller Index, a bellwether for the new housing market, has reported that the U.S. National Home Price Index declined by 3.9% during the fourth quarter of 2010 compared with the same quarter in 2009.

As of December 2010, 18 of the 20 MSAs covered by S&P/Case-Shiller Home Price Indices were down compared with December 2009. The 10-City and 20-City Composites were down 0.9% and 1.0%, respectively, from their November levels.

October 21, 2007

Standard & Poor's may downgrade BMHC’s credit rating in reaction to a call for a...

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