| Title: | Recovery Report: Journal Register Co.'s Recovery Rating Profile |
| Price: | $175.00 |
| Publication Date: | May 06, 2008 |
| Report Type: | Commentary |
| Abstract: | On May 6, 2008, Standard&Poor's Ratings Services lowered its issue-level rating on Journal Register Co.'s senior secured credit facilities to 'CCC' (at the same level as the 'CCC' corporate credit rating on the company) from 'B-'. The recovery rating on these loans remains unchanged at '3', indicating that lenders can expect meaningful (50% to 70%) recovery in the event of a default. The issue-level rating was removed from CreditWatch, where it was placed with negative implications on April 7, 2008. The issue-level rating actions were made in conjunction with the lowering and removal from CreditWatch of the corporate credit rating on the company. (For the latest corporate credit rating rationale, see Standard&Poor's research report on Journal |
| Brief Excerpt: | RESEARCH Ratings Definitions Recovery Report: Journal Register Co.'s Recovery Rating Profile Publication date: ##-May-#### Primary Credit Analyst: Liz Fairbanks, New York (#) ###-###-####; liz_fairbanks@standardandpoors.com Secondary... |
| Word Count: | 1067 |
| Sector: | Global Issuers, Corporations, Media & Entertainment |
| Format: | 
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