S& CORRECT: Corus PLC 'A-/A-2' Ratings Placed on CreditWatch Negative.Business Editors (Editors note: In the press release published earlier today, the issuer name was misstated. The first paragraph of the release has been reworded and a list of affected ratings has been provided at the end of the release for clarity Clarity is the property of being clear or transparent. Clarity can refer to one's ability to clearly visualize an object or concept, as in thought, understanding, and the "mind's eye", as well as the traditional notion of visual perception, that is, with the . A corrected version follows.) LONDON--(BUSINESS WIRE)--Standard &Poor's Jan. 31, 2000-- Standard &Poors today placed its ratings on Corus Corus may refer to:
On April 19 1917, H.J.E. N.V. (Hoogovens) of the Netherlands Netherlands (nĕth`ərləndz), Du. Nederland or Koninkrijk der Nederlanden, officially Kingdom of the Netherlands, constitutional monarchy (2005 est. pop. 16,407,000), 15,963 sq mi (41,344 sq km), NW Europe. . The CreditWatch placement follows a decision by Standard &Poor's to review Corus ratings in the coming weeks. Standard &Poors will meet with Corus management to evaluate the impact of the continuous strength of the British pound sterling against the groups progression progression, in mathematics, sequence of quantities, called terms, in which the relationship between consecutive terms is the same. An arithmetic progression is a sequence in which each term is derived from the preceding one by adding a given number, d, toward integrating British Steel and Hoogovens business units. The review will also focus on the groups financial policy going forward, as it is increasingly more aggressive than that of the former British Steel. Todays announcement of results by Corus confirmed that the combination of the two groups will be positive in the long term from a business risk standpoint The Standpoint is a newspaper published in the British Virgin Islands. It was originally published under the name Pennysaver, largely as a shopping-coupon promotional newspaper, but since emerged as one of the most influential sources of journalism in the . However, it also highlighted the poor profitability suffered by the overall group, and the challenging process of integration that lies ahead for management, Standard &Poors said.---CreditWire
RATINGS PLACED ON CREDITWATCH WITH NEGATIVE IMPLICATIONS
Ratings
Corus PLC
Corporate credit rating A-/A-2
Senior unsecured debt rating A-
BSKH Finance PLC
Senior unsecured debt rating(1) A-
(1)Guaranteed by Corus PLC.
Credit Profile:
ISSUER CREDIT RATING TO FROM
Corus PLC
Corp credit rtg A-/Watch Neg/A-2 A-/Negative/A-2
REVISED RATINGS TO FROM
Corus PLC
Sr unsecd debt A-/Watch Neg A-
BSKH Finance PLC
Sr unsecd debt (Gtd: Corus PLC) A-/Watch Neg A-
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