Chart Industries' Senior Secured Facilities Are Upgraded To 'BB'; Recovery Rtg Revised To '1' - S&P Global Ratings’ Credit Research

Chart Industries' Senior Secured Facilities Are Upgraded To 'BB'; Recovery Rtg Revised To '1'

Chart Industries' Senior Secured Facilities Are Upgraded To 'BB'; Recovery Rtg Revised To '1' - S&P Global Ratings’ Credit Research
Chart Industries' Senior Secured Facilities Are Upgraded To 'BB'; Recovery Rtg Revised To '1'
Published Jun 29, 2007
511 words — Published Jun 29, 2007
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Abstract:

NEW YORK (Standard&Poor's) June 29, 2007--Standard&Poor's Ratings Services said today that it raised its issue rating on Chart Industries Inc.'s senior secured bank facilities to 'BB' from 'B+' and revised the recovery rating to '1' (indicating expectation of very high (90%-100%) recovery in the event of a payment default) from '3'. At the same time, we affirmed the corporate credit rating of 'B+'. The outlook is stable. (For the complete recovery analysis, see "Chart Industries Inc.'s Senior Secured Facilities," to be published immediately after this media release.) "The improved recovery rating reflects the company's lower senior secured debt," said Standard&Poor's credit analyst David Lundberg. On June 12, 2007, the company received $38 million of

  
Brief Excerpt:

RESEARCH Chart Industries' Senior Secured Facilities Are Upgraded To '##'; Recovery Rtg Revised To '1' Publication date: 29-Jun-2007 NEW YORK (Standard & Poor's) June 29, 2007--Standard & Poor's Ratings Services said today that it raised...

  
Report Type:

Ratings Action

Ticker
GTLS
Issuer
Chart Industries Inc.
GICS
Industrial Machinery (20106020)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Chart Industries' Senior Secured Facilities Are Upgraded To 'BB'; Recovery Rtg Revised To '1'" Jun 29, 2007. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Chart-Industries-Senior-Secured-Facilities-Are-Upgraded-To-BB-Recovery-Rtg-Revised-To-1-588095>
  
APA:
S&P Global Ratings’ Credit Research. (). Chart Industries' Senior Secured Facilities Are Upgraded To 'BB'; Recovery Rtg Revised To '1' Jun 29, 2007. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Chart-Industries-Senior-Secured-Facilities-Are-Upgraded-To-BB-Recovery-Rtg-Revised-To-1-588095>
  
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