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

Research Update: Chart Industries' Senior Secured Facilities Upgraded To 'BB'; Recovery Rating Revised To '1'

Research Update: Chart Industries' Senior Secured Facilities Upgraded To 'BB'; Recovery Rating Revised To '1' - S&P Global Ratings’ Credit Research
Research Update: Chart Industries' Senior Secured Facilities Upgraded To 'BB'; Recovery Rating Revised To '1'
Published Jun 29, 2007
Published Jun 29, 2007
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On June 29, 2007, Standard&Poor's Ratings Services 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 research update.) The improved recovery rating reflects the company's lower senior secured debt. On June 12, 2007, the company received $38 million of proceeds from the sale of common stock and used the proceeds to repay a portion

  
Report Type:

Research Update

Ticker
GTLS
Issuer
Chart Industries Inc.
GICS
Industrial Machinery (20106020)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Chart Industries' Senior Secured Facilities Upgraded To 'BB'; Recovery Rating Revised To '1'" Jun 29, 2007. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Chart-Industries-Senior-Secured-Facilities-Upgraded-To-BB-Recovery-Rating-Revised-To-1-588096>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Chart Industries' Senior Secured Facilities Upgraded To 'BB'; Recovery Rating Revised To '1' Jun 29, 2007. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Chart-Industries-Senior-Secured-Facilities-Upgraded-To-BB-Recovery-Rating-Revised-To-1-588096>
  
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