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Fitch revises Severstal's outlook to positive; affirms at 'BB+'

2015-05-08 15:36:56| Steel - Topix.net

On May 6, 2015, Fitch Ratings has revised Russian steel company OAO Severstal's Outlook to Positive from Stable. Its Long-term Issuer Default Rating has been affirmed at 'BB+', the rating agency informed.

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FRANCHISOR 101: Time for a Tall One? 3rd Circuit Affirms MillerCoors' Victory in Dispute

2015-05-02 19:58:33| Beverages - Topix.net

A U.S Court of Appeals ruled in favor of MillerCoors finding the brewer did not violate its distribution agreement with a beer distributor or Pennsylvania's alcohol beverage laws when it assigned distribution rights for its new craft beer brands to the distributor's competitors and conditioned the award of future brands on the distributor establishing a new entity devoted to MillerCoors products. The distributor had exclusivity for specified MillerCoors' products in the Pittsburgh area.

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Buffett Affirms Junk Food, Citing Lack of Smiles at Whole Foods

2015-05-02 19:09:23| Grocery - Topix.net

Warren Buffett, whose Berkshire Hathaway Inc. is the largest investor in Coca-Cola Co. and owns See's Candies, affirmed his confidence in the market for sugary treats, even as the health costs of sweets become better known.

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FERC Accepts SPP, SERTP Order No. 1000 Interregional Filings, Affirms ISO-NE Order

2015-03-25 04:16:00| Transmission & Distribution World

The Federal Energy Regulatory Commission has continued the implementation of Order No. 1000 by accepting interregional filings by Southwest Power Pool Inc. and utilities in the Southeastern Regional Transmission Planning Process region. read more

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Fitch Affirms Kellogg's IDRs at 'BBB+/F2'; Outlook Revised to Negative

2015-02-28 13:17:41| Agriculture - Topix.net

The Rating Outlook has been revised to Negative from Stable on expectations for modestly higher near term leverage at or near 3.0x in 2015 given Fitch's expectation of operating profit down mid-single digits and incremental debt for share repurchases. Near Term Leverage and Cereal Declines are Concerns: The Negative Outlook reflects Fitch's current expectation that gross leverage is likely to rise modestly in 2015 to be in the 3.0x range.

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