| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for Gundle/SLT Environmental Inc. > News item |
S&P downgrades Gundle/SLT
Standard & Poor's said it lowered the corporate credit rating on Gundle/SLT Environmental Inc. to CCC+ from B.
The outlook is negative.
The agency also said it lowered the rating on Gundle/SLT's $157 million senior secured credit facility to CCC+ from B. The recovery rating remains at 3, indicating 50% to 70% expected default recovery.
The downgrades reflect a view that the company's ability to meet financial commitments is unsustainable in the long term, absent favorable business, financial and economic conditions, S&P said.
The company's liquidity position also could remain constrained over the next year, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.