S&P: Oskar remains on positive watch

Standard & Poor's said its B long-term corporate credit ratings on Oskar Mobil AS and parent Oskar Holdings NV will remain on CreditWatch, where they were placed with positive implications March 15.

The update follows the company's announcement that it has exercised its right to redeem Oskar Mobil's €325 million notes due 2011, the agency added.

S&P said that once Oskar's credit facility is repaid and the notes redeemed, all ratings will be withdrawn.

© 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.