| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers O > Headlines for OAS SA > News item |
S&P downgrades OAS
Standard & Poor’s said it lowered the global scale corporate credit rating on OAS SA to D from CC.
The agency also said it lowered the national scale ratings to D/D from brCC/brC.
S&P also said it lowered the ratings on the company’s 2021 notes, which are issued by its wholly-owned financial vehicle OAS Finance Ltd., along with its ninth debenture issuance to D from CC.
The agency also said it are affirmed all other issue-level ratings and kept them on CreditWatch with negative implications, where they were placed in Jan. 2, reflecting an expectation that default is almost certain.
© 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.