Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Summit Midstream Finance Corp. > News item |
S&P upgrades Summit
S&P said it reviewed the recovery and issue-level ratings on Summit Midstream Finance Corp. that were considered under criteria observation (UCO) after the agency published revised recovery ratings criteria Dec. 7.
With the criteria review complete, the agency said it raised the issue-level rating to B+ from B and revised the recovery rating to 4 from 5, indicating 30% to 50% expected default recovery.
These actions stem solely from the application of the revised recovery criteria and do not reflect any change in the assessment of the corporate credit rating.
The senior unsecured rating on Summit Midstream Holdings LLC also was upgraded to B+ from B and its recovery rating was revised to 4L from 5L.
© 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.