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Prospect News home > News index > List of issuers G > Headlines for Great Lakes Dredge & Dock Corp. > News item
Published on 12/22/2005 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

S&P affirms Great Lakes Dredge

Standard & Poor's said it affirmed its CCC+ corporate credit rating and all other ratings on Great Lakes Dredge & Dock Corp. and removed the ratings from CreditWatch with negative implications, where they were placed on June 10.

The outlook is stable.

Affected ratings include the senior secured debt at CCC+ and subordinated debt rating at CCC-.

S&P said the ratings on Great Lakes continue to reflect the company's vulnerable business risk profile, highly leveraged financial risk profile and limited liquidity.


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