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Research Update: WKI Holding Company Inc.

Published May 31, 2002

828 words — Published May 31, 2002

Price US$ 225.00 | Buy this Report Now

About This Report

Abstract:

On May 31, 2002, Standard&Poor's lowered its senior secured bank loan rating on kitchenware manufacturer WKI Holding Co. Inc. to 'D' from 'CC' following the company's Chapter 11 bankruptcy filing. The corporate credit and subordinated debt ratings were lowered to 'D' on May 2, 2002, because the company did not make an interest payment on its subordinated notes that was due May 2, 2002. Ratings List WKI Holding Co. Inc. Corporate credit D/--/-- Ratings lowered To From Senior secured bank loan D CC A complete list of ratings is available to RatingsDirect subscribers at www.ratingsdirect.com as well as on the Standard&Poor's public Web site at www.standardandpoors.com under Ratings Actions/Newly Released Ratings.

Brief Excerpt:

RESEARCH Research Update: WKI Holding Company Inc. Publication date: 31-May-2002 Credit Analyst: Lori Harris, New York (1) 212-438-7834 Credit Rating: D/--/-- Rationale On May 31, 2002, Standard & Poor's lowered its senior secured...

Report Type:

Research Update

Ticker

10045Z

Issuer

Instant Brands Holdings Inc.

GICS

Housewares & Specialties (25201050)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

WKI Holding Assigned 'B' Corporate Credit Rating;Secured Facility Rated 'B', Sub Notes 'CCC+' – 2003/02/03 – US$ 150.00

Research Update: WKI Holding Company Inc. – 2003/02/03 – US$ 225.00

Summary: WKI Holding Co. Inc. – 2003/09/30 – US$ 225.00

WKI Holding Co. Inc. Placed on Watch Negative – 2003/11/24 – US$ 150.00

Research Update: WKI Holding Co. Inc. – 2003/11/24 – US$ 225.00

WKI Holding Senior Secured Bank Loan Rating Lowered to 'D' Due to Chapter 11 Filing – 2002/05/31 – US$ 150.00

WKI Holding Subordinated Notes Rating Lowered to 'D' After Nonpayment of Interest – 2002/05/02 – US$ 150.00

Research Update: WKI Holding Company Inc. – 2002/05/02 – US$ 225.00

WKI Holding Company Inc.'s Corporate Credit Rating Lowered To 'CC'; Outlook Is Negative – 2002/04/02 – US$ 150.00

Summary: WKI Holding Company Inc. – 2002/04/02 – US$ 225.00

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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: WKI Holding Company Inc." May 31, 2002. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-WKI-Holding-Company-Inc-247877>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: WKI Holding Company Inc. May 31, 2002. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-WKI-Holding-Company-Inc-247877>

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