| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for High Liner Foods Inc. > News item |
S&P lifts High Liner Foods loan
Standard & Poor's it raised its long-term corporate credit rating on High Liner Foods Inc. to B+ from B.
The outlook is stable.
At the same time, the agency raised its debt rating on the company's senior secured term loan to B+ from B. The 4 recovery rating on the debt is unchanged, indicating an expectation of average (30%-50%) recovery in the event of default.
"The upgrade reflects what we view as the continued strengthening of High Liner's financial risk profile given greater-than-expected debt reduction this year," S&P credit analyst Lori Harris said in a news release.
© 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.