| Title: | Research Update: Atlas Energy Resources LLC Subsidiaries' $150M Add-On To $250M Notes; Affirmed At 'B' |
| Price: | $175.00 |
| Publication Date: | May 06, 2008 |
| Report Type: | Research Update |
| Abstract: | On May 6, 2008, Standard&Poor's Ratings Services affirmed its 'B' issue-level rating on the senior unsecured notes co-issued by Atlas Energy Operating Company LLC and Atlas Energy Finance Corp.The companies are wholly owned subsidiaries of Atlas Energy Resources LLC (B+/Stable/--). The action followed the proposed $150 million add-on to the $250 million notes due 2018. The recovery rating remains at '5', indicating the expectation for modest (10% to 30%) recovery in the event of a payment default. The senior unsecured notes are guaranteed by the parent company. At the same time, we affirmed our 'B+' corporate credit rating on Atlas Energy Resources. The outlook is stable. Proceeds from the notes will be used to pay down bank debt. |
| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Atlas Energy Resources LLC Subsidiaries' $###M Add-On To $###M Notes; Affirmed At 'B' Publication date: ##-May-#### Primary Credit Analyst: David Lundberg, CFA, New York (#) ###-###-####;... |
| Word Count: | 1720 |
| Ticker: | ATN |
| Issuer: | Atlas Energy Resources LLC |
| GICS: | Oil & Gas Exploration & Production (10102020) |
| Sector: | Global Issuers, Corporations, Energy, Gas, Metals & Mining |
| Country: | United States |
| Region: | United States |
| Format: | 
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