Bulletin: Survey Sampling International LLC Ratings Unaffected By Senior Secured Debt Add-On - S&P Global Ratings’ Credit Research

Bulletin: Survey Sampling International LLC Ratings Unaffected By Senior Secured Debt Add-On

Bulletin: Survey Sampling International LLC Ratings Unaffected By Senior Secured Debt Add-On - S&P Global Ratings’ Credit Research
Bulletin: Survey Sampling International LLC Ratings Unaffected By Senior Secured Debt Add-On
Published Mar 03, 2016
Published Mar 03, 2016
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Abstract:

CHICAGO (Standard&Poor's) March 3, 2016--Standard&Poor's Ratings Services said today that its ratings and outlook on Connecticut-based survey collection company Survey Sampling International LLC (B/Stable/--) are not affected by the company's announcement that it plans to issue a $30 million add-on to its existing senior secured term loan due 2020. The unaffected ratings include our 'B' corporate credit rating on Survey Sampling, and our 'B' issue-level and '3' recovery ratings on the company's secured first-lien credit facility. The '3' recovery rating indicates our expectation for meaningful recovery (50%-70%; upper half of the range) of principal for lenders in the event of a payment default. Our 'CCC+' issue-level rating and '6' recovery rating on the company's second-lien credit

  
Report Type:

Bulletin

Issuer
GICS
Data Processing & Outsourced Services (45102020)
Sector
Global Issuers
Country
Region
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Survey Sampling International LLC Ratings Unaffected By Senior Secured Debt Add-On" Mar 03, 2016. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Survey-Sampling-International-LLC-Ratings-Unaffected-By-Senior-Secured-Debt-Add-On-1590428>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Survey Sampling International LLC Ratings Unaffected By Senior Secured Debt Add-On Mar 03, 2016. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Survey-Sampling-International-LLC-Ratings-Unaffected-By-Senior-Secured-Debt-Add-On-1590428>
  
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