| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for AbitibiBowater, Inc. > News item |
Moody's rates AbitibiBowater notes B1
Moody's Investors Service said it assigned a provisional B1 rating to AbitibiBowater Inc.'s proposed $750 million senior secured note offering.
Moody's said it also assigned AbitibiBowater a provisional B1 corporate familyand probability of default ratings, as well as a speculative-grade liquidity rating of SGL-1.
The outlook for the long-term ratings is stable.
Moody's added that it understands that the proposed debt offering will be used to exit bankruptcy with the proceeds initially placed in an escrow account and ultimately to be used to repay ABI's existing secured debt.
© 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.