...+ U.S.-based Quiksilver Inc. filed for a voluntary petition to reorganize under Chapter 11 of the U.S. bankruptcy code. + We are lowering our corporate credit rating on Quiksilver to 'D' from '###+'. + We are also lowering our issue-level ratings on the company's debt to 'D'. The recovery ratings remain unchanged for the company's $280 million senior secured notes due 2018 at '5' and for the $225 million senior unsecured notes due 2020 at '6'. We are revising our recovery rating for the company's 200 million senior unsecured notes due 2017 to '5' from '4'. NEW YORK (Standard & Poor's) Sept. 10, 2015--Standard & Poor's Ratings Services today lowered its corporate credit rating on California-based Quiksilver Inc. to 'D' from '###+'. At the same time, we lowered our issue-level rating on the company's 200 million senior unsecured notes due 2017 to 'D' from '###+' and revised the recovery rating to '5' from '4', indicating our expectation of modest recovery (at the low end of the 10%-30% range)...
