Research Update: Chart Industries Inc. 'BB-' Corporate Credit And Debt Ratings Affirmed; Ratings Then Withdrawn At Issuer's Request - S&P Global Ratings’ Credit Research

Research Update: Chart Industries Inc. 'BB-' Corporate Credit And Debt Ratings Affirmed; Ratings Then Withdrawn At Issuer's Request

Research Update: Chart Industries Inc. 'BB-' Corporate Credit And Debt Ratings Affirmed; Ratings Then Withdrawn At Issuer's Request - S&P Global Ratings’ Credit Research
Research Update: Chart Industries Inc. 'BB-' Corporate Credit And Debt Ratings Affirmed; Ratings Then Withdrawn At Issuer's Request
Published Jan 15, 2016
4 pages (1093 words) — Published Jan 15, 2016
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Jan. 15, 2015, Standard&Poor's Ratings Services affirmed its 'BB-' corporate credit rating on Garfield Heights, Ohio-based Chart Industries Inc. At the same time, we affirmed our 'BB-' issue-level ratings on the company's subordinated debt, with a '3' recovery rating, indicating our expectation of meaningful recovery (50% to 70%, lower half of the range) in the event of a payment default. We then withdrew the corporate credit and debt ratings at the company's request. Methodology And Assumptions: Liquidity Descriptors for Global Corporate Issuers, Dec. 16, 2014 Revised Revolver Usage Assumptions For Recovery Analysis In Corporate Ratings, Nov. 20, 2014 Key Credit Factors For The Oilfield Services And Equipment Industry, April 16, 2014 Corporate Methodology, Nov. 19, 2013 Corporate

  
Brief Excerpt:

...On Jan. 15, 2015, Standard & Poor's Ratings Services affirmed its '##-' corporate credit rating on Garfield Heights, Ohio-based Chart Industries Inc. At the same time, we affirmed our '##-' issue-level ratings on the company's subordinated debt, with a '3' recovery rating, indicating our expectation of meaningful recovery (50% to 70%, lower half of the range) in the event of a payment default. We then withdrew the corporate credit and debt ratings at the company's request....

  
Report Type:

Research Update

Ticker
Issuer
GICS
Industrial Machinery (20106020)
Sector
Global Issuers
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Research Update: Chart Industries Inc. 'BB-' Corporate Credit And Debt Ratings Affirmed; Ratings Then Withdrawn At Issuer's Request" Jan 15, 2016. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Chart-Industries-Inc-BB-Corporate-Credit-And-Debt-Ratings-Affirmed-Ratings-Then-Withdrawn-At-Issuer-s-Request-1563371>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Chart Industries Inc. 'BB-' Corporate Credit And Debt Ratings Affirmed; Ratings Then Withdrawn At Issuer's Request Jan 15, 2016. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Chart-Industries-Inc-BB-Corporate-Credit-And-Debt-Ratings-Affirmed-Ratings-Then-Withdrawn-At-Issuer-s-Request-1563371>
  
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