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Prospect News home > News index > List of issuers Q > Headlines for Qorvo, Inc. > News item |
S&P rates Qorvo notes BB+
S&P said it assigned its BB+ issue-level rating and 3 recovery rating to Qorvo Inc.’s new 10-year, $300 million senior unsecured notes. The 3 recovery rating reflects S&P’s expectation of meaningful recovery (50%-70%; rounded estimate: 55%) in a payment default.
The company’s BB+ rating is unaffected.
The outlook is stable.
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