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Prospect News home > News index > List of issuers V > Headlines for Vericast Corp. > News item |
S&P downgrades Vericast
S&P said it lowered the issuer credit rating on Vericast Corp. to CC from CCC+ and lowered the issue-level rating on the first-lien term loans to CC.
The outlook is negative.
Vericast announced its plan to exchange a portion of its first-lien term loan into new second-lien notes.
The company also proposed to defer the next four quarters of its mandatory amortization payments on its amended first-lien term loan.
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