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S&P Credit Research656 word report
published Nov 02, 2009
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S&P Credit Research
| Abstract: | In the third quarter of 2009, 57 companies rated by Standard&Poor's Ratings Services (including seven confidentially rated entities) defaulted on US$126.9 billion of debt. This article provides summaries of the events leading up to each default and, in some cases, the events following default. Also included are the defaulting instruments for each company that Standard&Poor's rated. Lori Harris, Toronto (1) 416-507-2546 C$250 million senior secured revolving credit bank loan series due 6/30/2011 US$790 million first-lien term loan B due 6/28/2013 C$250 million revolving credit facility due 2010 On July 2, 2009, Standard&Poor's revised its long-term corporate credit rating on Canadian recreational products manufacturer Bombardier Recreational Products Inc. (BRP) to 'SD' from 'CC'. At the
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| Brief Excerpt: | You are not entitled to view this Article. For technical support, please contact your help desk. Published by Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. Executive and Editorial offices:...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
