BWX Technologies Inc. Unsecured Note Rating Raised To 'BB', Removed From Watch Positive; Recovery Rating Revised To '4' - S&P Global Ratings’ Credit Research

BWX Technologies Inc. Unsecured Note Rating Raised To 'BB', Removed From Watch Positive; Recovery Rating Revised To '4'

BWX Technologies Inc. Unsecured Note Rating Raised To 'BB', Removed From Watch Positive; Recovery Rating Revised To '4' - S&P Global Ratings’ Credit Research
BWX Technologies Inc. Unsecured Note Rating Raised To 'BB', Removed From Watch Positive; Recovery Rating Revised To '4'
Published Jun 11, 2020
4 pages (1455 words) — Published Jun 11, 2020
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

TORONTO (S&P Global Ratings) June 11, 2020--S&P Global Ratings today raised its issue-level rating on BWX Technologies Inc.'s senior unsecured notes maturing in 2026 to 'BB' from 'BB-', revised the recovery to '4' from '5', and removed the issue-level rating from CreditWatch, where we placed it with positive implications on June 8, 2020. The '4' recovery rating indicates our expectation for average (30%-50%; rounded estimate: 35%) recovery in the event of a payment default. At the same time, we affirmed our 'BB' issue-level rating on the company's recently issued $400 million unsecured notes due 2028. Our '4' recovery rating remains unchanged. The upgrade follows BWX's issuance of the $400 million senior unsecured notes due 2028, which it used the proceeds

  
Brief Excerpt:

...BWX Technologies Inc. Unsecured Note Rating Raised To '##', Removed From Watch Positive; Recovery Rating Revised To '4'...

  
Report Type:

Ratings Action

Ticker
BWXT
Issuer
BWX Technologies Inc.
GICS
Aerospace & Defense (20101010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "BWX Technologies Inc. Unsecured Note Rating Raised To 'BB', Removed From Watch Positive; Recovery Rating Revised To '4'" Jun 11, 2020. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/BWX-Technologies-Inc-Unsecured-Note-Rating-Raised-To-BB-Removed-From-Watch-Positive-Recovery-Rating-Revised-To-4-2459772>
  
APA:
S&P Global Ratings’ Credit Research. (). BWX Technologies Inc. Unsecured Note Rating Raised To 'BB', Removed From Watch Positive; Recovery Rating Revised To '4' Jun 11, 2020. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/BWX-Technologies-Inc-Unsecured-Note-Rating-Raised-To-BB-Removed-From-Watch-Positive-Recovery-Rating-Revised-To-4-2459772>
  
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