Research Update: NEWAsurion Corp. 'B+' Ratings Withdrawn At The Company's Request - S&P Global Ratings’ Credit Research

Research Update: NEWAsurion Corp. 'B+' Ratings Withdrawn At The Company's Request

Research Update: NEWAsurion Corp. 'B+' Ratings Withdrawn At The Company's Request - S&P Global Ratings’ Credit Research
Research Update: NEWAsurion Corp. 'B+' Ratings Withdrawn At The Company's Request
Published Mar 21, 2011
1006 words — Published Mar 21, 2011
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Abstract:

On March 21, 2011, Standard&Poor's Ratings Services withdrew its 'B+' counterparty credit rating on Nashville, Tenn.-based NEWAsurion Corp. at the company's request. At the same time, we withdrew the proposed 'B+' senior secured debt rating on NEWAsurion's $3.62 billion senior credit facility, which consists of a $3.5 billion first-lien term loan and a $120 million revolving credit line. We also withdrew our 'B-' subordinated debt rating on NEWAsurion's $1.02 billion second-lien term loan because the company has withdrawn its plan for the proposed financing. In addition, Standard&Poor's withdrew its '3' recovery rating on the company's first-lien term loan and revolving credit facility and its '6' recovery rating on the company's second-lien term loan. The $4.64 billion

  
Brief Excerpt:

RESEARCH Research Update: NEWAsurion Corp. 'B+' Ratings Withdrawn At The Company's Request Publication date: 21-Mar-2011 Primary Credit Analyst: Polina Chernyak, New York (1) 212-438-7179; polina_chernyak@standardandpoors.com Secondary...

  
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Research Update

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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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MLA:
S&P Global Ratings’ Credit Research. "Research Update: NEWAsurion Corp. 'B+' Ratings Withdrawn At The Company's Request" Mar 21, 2011. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-NEWAsurion-Corp-B-Ratings-Withdrawn-At-The-Company-s-Request-855356>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: NEWAsurion Corp. 'B+' Ratings Withdrawn At The Company's Request Mar 21, 2011. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-NEWAsurion-Corp-B-Ratings-Withdrawn-At-The-Company-s-Request-855356>
  
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