Home Credit Ratings and Research S&P Global Ratings’ Credit Research Instant Brands Holdings Inc.

WKI Holding Senior Secured Bank Loan Rating Lowered to 'D' Due to Chapter 11 Filing

Published May 31, 2002

About This Report

Abstract:

NEW YORK (Standard&Poor's) May 31, 2002--Standard&Poor's said today that it lowered its senior secured bank loan rating on kitchenware manufacturer WKI Holding Co. Inc. to 'D' from double-'C' 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 1, 2002. A complete list of ratings is available to RatingsDirect subscribers at www.ratingsdirect.com, as well as on Standard&Poor's public web site at www.standardandpoors.com under Ratings Actions/Newly Released Ratings.

Report Type:

Ratings Action

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

Research Update: WKI Holding Company Inc. – 2002/05/31 – US$ 225.00

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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MLA:	S&P Global Ratings’ Credit Research. "WKI Holding Senior Secured Bank Loan Rating Lowered to 'D' Due to Chapter 11 Filing" May 31, 2002. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/WKI-Holding-Senior-Secured-Bank-Loan-Rating-Lowered-to-D-Due-to-Chapter-11-Filing-247875>

APA:	S&P Global Ratings’ Credit Research. (). WKI Holding Senior Secured Bank Loan Rating Lowered to 'D' Due to Chapter 11 Filing May 31, 2002. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/WKI-Holding-Senior-Secured-Bank-Loan-Rating-Lowered-to-D-Due-to-Chapter-11-Filing-247875>

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