Research Update: Confie Seguros Holding II Co. Rating Affirmed, Debt Ratings Assigned; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Confie Seguros Holding II Co. Rating Affirmed, Debt Ratings Assigned; Outlook Stable

Research Update: Confie Seguros Holding II Co. Rating Affirmed, Debt Ratings Assigned; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Confie Seguros Holding II Co. Rating Affirmed, Debt Ratings Assigned; Outlook Stable
Published Sep 19, 2016
Published Sep 19, 2016
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

California-based insurance broker Confie is seeking to refinance its capital structure ahead of upcoming maturities. We are affirming our rating on Confie and rating the new senior secured credit facilities and senior unsecured notes. The stable outlook reflects our view that Confie will maintain its leading market position and that its M&A strategy will continue to boost revenues and EBITDA growth. On Sept. 19, 2016, S&P Global Ratings affirmed its 'B' long-term counterparty credit rating on Confie Seguros Holding II Co. (Confie). The outlook is stable. At the same time, we assigned our 'B' rating with a '3' recovery rating (in the upper range, indicating expected meaningful [50%-70%] recovery expected in the event of default) to the planned senior secured

  
Report Type:

Research Update

Issuer
Sector
Global Issuers
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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.

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MLA:
S&P Global Ratings’ Credit Research. "Research Update: Confie Seguros Holding II Co. Rating Affirmed, Debt Ratings Assigned; Outlook Stable" Sep 19, 2016. Alacra Store. Jan 24, 2021. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Confie-Seguros-Holding-II-Co-Rating-Affirmed-Debt-Ratings-Assigned-Outlook-Stable-1717930>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Confie Seguros Holding II Co. Rating Affirmed, Debt Ratings Assigned; Outlook Stable Sep 19, 2016. New York, NY: Alacra Store. Retrieved Jan 24, 2021 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Confie-Seguros-Holding-II-Co-Rating-Affirmed-Debt-Ratings-Assigned-Outlook-Stable-1717930>
  
US$ 225.00
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