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Prospect News home > News index > List of issuers M > Headlines for Mountain Province Diamonds Inc. > News item
Published on 5/1/2020 in the Prospect News Bank Loan Daily, Prospect News Canadian Bonds Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

S&P cuts Mountain Province Diamonds

S&P said it downgraded Mountain Province Diamonds Inc. and its second-lien secured notes to CCC- from CCC+. The 3 recovery rating is unchanged.

“We now believe Toronto-based Mountain Province Diamonds Inc. (MPV) faces a high risk of exhausting its liquidity in the near term, thereby increasing the likelihood the company engages in a debt restructuring transaction we view as distressed,” S&P said in a press release.

The outlook is negative.


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