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Prospect News home > News index > List of issuers E > Headlines for Encore Acquisition Co. > News item |
S&P rates Encore notes B
Standard & Poor's said it assigned a B rating to Encore Acquisition Co.'s proposed $200 million of senior subordinated notes due 2016 with a 6 recovery rating.
The corporate credit rating is BB-.
The outlook is stable.
Proceeds will be used to pay down debt outstanding under its revolving credit facility.
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