Quiksilver Rating Is Lowered To 'B+' From 'BB-'; Outlook Negative - S&P Global Ratings’ Credit Research

Quiksilver Rating Is Lowered To 'B+' From 'BB-'; Outlook Negative

Quiksilver Rating Is Lowered To 'B+' From 'BB-'; Outlook Negative - S&P Global Ratings’ Credit Research
Quiksilver Rating Is Lowered To 'B+' From 'BB-'; Outlook Negative
Published Nov 24, 2008
630 words — Published Nov 24, 2008
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About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Nov. 24, 2008--Standard&Poor's Ratings Services today lowered its corporate credit rating on global lifestyle apparel marketer and designer Quiksilver Inc., to 'B+' from 'BB-'. At the same time, Standard&Poor's lowered the rating on the company's $400 million senior unsecured notes due 2015, to 'B-' from 'B', while the recovery rating remains a '6', indicating that lenders can expect negligible (0%-10%) recovery in the event of a payment default. We removed all of the ratings from CreditWatch with negative implications, where we had placed them on April 1, 2008, as a result of weaker-than-expected operating results and financial metrics. The outlook is negative. As of July 31, 2008, Huntington Beach, Calif.-based Quiksilver

  
Brief Excerpt:

RESEARCH Quiksilver Rating Is Lowered To 'B+' From '##-'; Outlook Negative Publication date: 24-Nov-2008 Primary Credit Analyst: Susan H Ding, New York (1) 212-438-1332; susanh_ding@standardandpoors.com NEW YORK (Standard & Poor's)...

  
Report Type:

Ratings Action

Ticker
ZQK
Issuer
Boardriders Inc.
GICS
Apparel , Accessories & Luxury Goods (25203010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Quiksilver Rating Is Lowered To 'B+' From 'BB-'; Outlook Negative" Nov 24, 2008. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Quiksilver-Rating-Is-Lowered-To-B-From-BB-Outlook-Negative-685448>
  
APA:
S&P Global Ratings’ Credit Research. (). Quiksilver Rating Is Lowered To 'B+' From 'BB-'; Outlook Negative Nov 24, 2008. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Quiksilver-Rating-Is-Lowered-To-B-From-BB-Outlook-Negative-685448>
  
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