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Prospect News home > News index > List of issuers M > Headlines for Mueller Water Products, Inc. > News item |
S&P gives Mueller Water notes BB
S&P said it assigned its BB issue-level rating to Mueller Water Products Inc.’s proposed $425 million senior notes due in 2026.
The 3 recovery rating indicates an expectation for meaningful recovery (50%-70%; rounded estimate: 65%) in the event of a default.
The company plans to use the proceeds to repay its term loan B.
The BB corporate credit rating and stable outlook are unchanged.
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