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S&P rates Global Eagle DIP loan BB-
S&P said it assigned a BB- rating to Global Eagle Entertainment Inc.’s $80 million debtor-in-possession facility. Global Eagle filed for protection under Chapter 11 on July 22.
The BB- rating mirrors S&P’s view of the credit risk carried by the lenders, the agency said.
The rating is at a point in time and will not be reviewed, updated or modified, S&P said.
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