Teleflex Inc. Unsecured Debt Rating Lowered To 'BB' From 'BB+' (Recovery Rating: '5') - S&P Global Ratings’ Credit Research

Teleflex Inc. Unsecured Debt Rating Lowered To 'BB' From 'BB+' (Recovery Rating: '5')

Teleflex Inc. Unsecured Debt Rating Lowered To 'BB' From 'BB+' (Recovery Rating: '5') - S&P Global Ratings’ Credit Research
Teleflex Inc. Unsecured Debt Rating Lowered To 'BB' From 'BB+' (Recovery Rating: '5')
Published May 11, 2016
3 pages (1209 words) — Published May 11, 2016
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

BOSTON (S&P Global Ratings) May 11, 2016--S&P Global Ratings today lowered its issue-level rating on U.S. medical device developer and manufacturer Teleflex Inc.'s senior unsecured debt to 'BB' from 'BB+', one notch below our corporate credit rating on the company following issuance of $400 million senior unsecured notes due 2026. At the same time, we assigned a 'BB' rating to the new senior unsecured notes. The recovery rating on this debt is '5'. In addition, we revised our recovery rating on the company's existing unsecured debt to '5' from '4.' The '5' recovery rating indicates our expectations of modest (10%-30%; upper half of the range) recovery in the event of a payment default. We revised our recovery rating on Teleflex's

  
Brief Excerpt:

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Report Type:

Ratings Action

Ticker
TFX
Issuer
Teleflex Inc.
GICS
Health Care Equipment (35101010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Teleflex Inc. Unsecured Debt Rating Lowered To 'BB' From 'BB+' (Recovery Rating: '5')" May 11, 2016. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Teleflex-Inc-Unsecured-Debt-Rating-Lowered-To-BB-From-BB-Recovery-Rating-5-1633028>
  
APA:
S&P Global Ratings’ Credit Research. (). Teleflex Inc. Unsecured Debt Rating Lowered To 'BB' From 'BB+' (Recovery Rating: '5') May 11, 2016. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Teleflex-Inc-Unsecured-Debt-Rating-Lowered-To-BB-From-BB-Recovery-Rating-5-1633028>
  
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