Moody's rates Longview loan Ba2

Moody's Investors Service said it assigned a Ba2 rating to the $150 million debtor-in-possession term loan of Longview Power LLC.

The rating primarily reflects the structural features of the DIP facility and collateral coverage available to the DIP lenders.

Longview and certain of its affiliates, including Mepco Holdings, LLC, filed for bankruptcy protection under Chapter 11 on Aug. 30. Moody's withdrew all previous ratings for Longview on Sept. 3 following its Chapter 11 bankruptcy filing.

© 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.