Entries from Chemicals & The Economy tagged with 'S&P'
US company earnings still 40% below 2007 peak
The US 2009/Q4 reporting season is now virtually complete. It provides a valuable snapshot of company health as the US recession ends: • Reported earnings (red line) for the S&P 500 have recovered to $51. This is partly due to...
Reported earnings still forecast slow recovery
The Q3 company results season is now almost complete. It suggests that: • Companies still find it difficult to forecast revenue increases • Earnings are instead being boosted by cost cutting eg jobs In the US, the average workweek is...
Reported earnings forecast slow recovery when restocking ends
US corporate earnings were down a record 89% in Q1 versus the previous 12 months at just $7. Q2 saw only a minor improvement with earnings at only $8. Its interesting, therefore, to see market expectations for 2010. The chart...
Dow's debt ratings cut - could hit junk status
Over the last few weeks, INEOS had to scramble to get a covenant waiver from its lenders, and Lyondell went into Chapter 11. Now Dow's debt is facing a potential cut to junk status from the main ratings agencies. Dow's...
S&P warns on debt-laden companies
Ratings agencies Moody’s and S&P started taking a heavy line with Sabic in December over the supposed decline in the business environment at Sabic Innovative Plastics (the former GE Plastics business). This caused me to speculate that they were preparing...
SABIC – S&P follow Moody’s
S&P have quickly followed Moody’s in putting SABIC Innovative Plastics’ debt on creditwatch for a downgrade. As I commented with the Moody’s downgrade, this is not really to do with a newly discovered decline in the polycarbonate market. S&P have...
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