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Prospect News home > News index > List of issuers O > Headlines for Optima Specialty Steel, Inc. > News item |
S&P assigns B to Optima Specialty Steel notes
Standard & Poor’s said it assigned its B issue-level rating to Optima Specialty Steel Inc.’s $300 million senior secured notes. The issue-level rating is commensurate with the 3 recovery rating, which indicates an expectation for meaningful recovery (50% to 70%) in the event of a default at the senior secured notes subordinate position in the capital structure.
The B corporate credit rating and stable outlook are unchanged.
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