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Prospect News home > News index > List of issuers S > Headlines for Service Properties Trust > News item
Published on 11/8/2023 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P rates Service Properties notes BB

S&P said it preliminarily assigned BB issue-level rating and 1 recovery ratings to Service Properties Trust's $800 million of senior secured notes. The 1 recovery rating indicates very high (90%-100%) recovery in default.

The secured notes will have the same guarantees as the company's outstanding guaranteed senior unsecured notes due 2025 and 2027.

The outlook is negative.


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