(The following statement was released by the rating agency)
Oct. 9 - Standard & Poor's Ratings Services said in an article just published on RatingsDirect that it is reducing the required timeframe for when it provides a credit estimate after a transaction closes in the Americas and Asia-Pacific regions. It is also providing further guidance, on a globally applicable basis, on when it may provide a credit estimate when a borrower requests a lender to amend existing debt facilities. The revisions, outlined in "Standard & Poor's Revises Credit Estimate Guidelines And Reaffirms Global Debt Issuance Limits For Private Ratings," take effect immediately.
These revisions were made based on continually evolving conditions in the debt capital markets. We previously implemented guidelines worldwide for both credit estimates and private ratings. These guidelines are designed to improve transparency and clarity and to provide consistency across all jurisdictions.
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email@example.com (Reporting By Hilary Russ)