Classified Directory Publisher TRUVO Subordinated Debt Assigned Recovery Rating of '6' - S&P Global Ratings’ Credit Research

Classified Directory Publisher TRUVO Subordinated Debt Assigned Recovery Rating of '6'

Classified Directory Publisher TRUVO Subordinated Debt Assigned Recovery Rating of '6' - S&P Global Ratings’ Credit Research
Classified Directory Publisher TRUVO Subordinated Debt Assigned Recovery Rating of '6'
Published May 13, 2008
Published May 13, 2008
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

LONDON (Standard&Poor's) May 13, 2008--Standard&Poor's Ratings Services today assigned recovery ratings to the subordinated debt issued by TRUVO Subsidiary Corp., a subsidiary of Delaware-based international publisher of classified directories TRUVO Intermediate Corp., while leaving the issue-level ratings on this debt unchanged. The issue-level ratings remain at 'CCC+', two notches below the 'B' corporate credit rating on TRUVO Intermediate Corp. We assigned a recovery rating of '6' to this debt, indicating our expectation of negligible (0%-10%) recovery in the event of a payment default. (For the complete recovery analysis, see Standard&Poor's recovery report titled, "TRUVO Intermediate Corp.'s Recovery Rating Profile," to be published on RatingsDirect immediately following the release of this report.) We have valued

  
Report Type:

Ratings Action

Issuer
TRUVO Subsidiary Corp.
GICS
Publishing (25401040)
Sector
Global Issuers
Country
Region
Europe, Middle East, Africa
Format:
HTML HTML
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MLA:
S&P Global Ratings’ Credit Research. "Classified Directory Publisher TRUVO Subordinated Debt Assigned Recovery Rating of '6'" May 13, 2008. Alacra Store. Jun 18, 2021. <http://www.alacrastore.com/s-and-p-credit-research/Classified-Directory-Publisher-TRUVO-Subordinated-Debt-Assigned-Recovery-Rating-of-6-647916>
  
APA:
S&P Global Ratings’ Credit Research. (). Classified Directory Publisher TRUVO Subordinated Debt Assigned Recovery Rating of '6' May 13, 2008. New York, NY: Alacra Store. Retrieved Jun 18, 2021 from <http://www.alacrastore.com/s-and-p-credit-research/Classified-Directory-Publisher-TRUVO-Subordinated-Debt-Assigned-Recovery-Rating-of-6-647916>
  
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