News Corporation Appears on Gimme Credit's New Investment Grade Top Ten

Sep 08, 2011, 10:30 ET from Gimme Credit

NEW YORK, Sept. 8, 2011 /PRNewswire/ -- Gimme Credit, the leading independent corporate bond research firm, announced today its semi-annual Investment Grade Top Ten. "The recent spread widening in investment grade corporates offers investors an excellent opportunity to pick and choose among credits, as most names were hit to some extent," says Carol Levenson, co-founder and director of research of Gimme Credit.  "We've chosen ten issuers we believe, by virtue of their strong credit profiles and stable outlooks, will outperform the broad corporate market over the next six months."

The list covers a wide range of industries, from banking to media to energy, including such household names as Alcoa and Altria.  "Probably the most controversial pick, given its 'headline risk,' is News Corporation," continues Levenson.

"Despite the negative headlines, widespread resentment, and overall disgust related to the alleged phone hacking scandal, the financial impact on News Corporation should be well contained," says Dave Novosel senior investment grade analyst. "The financial outlook remains bright, as increasing retransmission and affiliate fees should drive margins higher, while pushing leverage lower."

The complete Top Ten report is available upon request. For additional comment from Gimme Credit analysts please direct requests to Susan Assadi sassadi@gimmecredit.com.

About Gimme Credit:

Gimme Credit is a leading provider of independent corporate bond research to banks, brokers, hedge funds, investment managers and individual investors. The company provides Daily Research Reports with investment recommendations, Intraday Comments, Credit Scores and Analyst Data Sheets on investment grade, crossover, and high yield corporate bonds to thousands of investment professionals at hundreds of financial institutions worldwide. Gimme Credit was founded in 1994 and has offices in New York and Chicago. For more information see www.gimmecredit.com.

Press Contact:  Susan Assadi or Angela Jamison
Sassadi@gimmecredit.com or angela@assadi.com
Gitenstein & Assadi Public Relations 800-922-8792 or 480-860-8792

SOURCE Gimme Credit



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