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Research Update: Rating On Quiksilver Is Lowered To 'B+'; Rating On $400M Notes Lowered To 'B-' (Recov Rtg: 6)

Published Nov 24, 2008

About This Report

Abstract:

On Nov. 24, 2008, Standard&Poor's Ratings Services said that it 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 had

Report Type:

Research Update

Ticker

ZQK

Issuer

Boardriders Inc.

GICS

Apparel , Accessories & Luxury Goods (25203010)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

Quiksilver Inc. – 2009/01/14 – US$ 500.00

Summary: Quiksilver Inc. – 2009/01/14 – US$ 225.00

Quiksilver Ratings Lowered To 'B-'; Placed On Watch Developing – 2009/03/17 – US$ 150.00

Research Update: Ratings On Quiksilver Are Lowered To 'B-'; Placed On Watch Developing – 2009/03/17 – US$ 225.00

Quiksilver Inc. Ratings Remain On Watch Developing – 2009/08/04 – US$ 150.00

Quiksilver Rating Is Lowered To 'B+' From 'BB-'; Outlook Negative – 2008/11/24 – US$ 150.00

Quiksilver Inc. 'BB-' Corporate Credit Rating Still CreditWatch Negative – 2008/07/07 – US$ 150.00

Research Update: Quiksilver Inc. 'BB-' Corporate Credit Rating Remains On CreditWatch – 2008/07/07 – US$ 225.00

Quiksilver Inc. 'BB-' Rating Put On CreditWatch Negative – 2008/04/01 – US$ 150.00

Research Update: Quiksilver Inc. Ratings Placed On CreditWatch Negative On Weaker Credit Measures – 2008/04/01 – US$ 225.00

More from S&P Global Ratings’ Credit Research

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: Rating On Quiksilver Is Lowered To 'B+'; Rating On $400M Notes Lowered To 'B-' (Recov Rtg: 6)" Nov 24, 2008. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Rating-On-Quiksilver-Is-Lowered-To-B-Rating-On-400M-Notes-Lowered-To-B-Recov-Rtg-6-685449>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: Rating On Quiksilver Is Lowered To 'B+'; Rating On $400M Notes Lowered To 'B-' (Recov Rtg: 6) Nov 24, 2008. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Rating-On-Quiksilver-Is-Lowered-To-B-Rating-On-400M-Notes-Lowered-To-B-Recov-Rtg-6-685449>

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