| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for TerraForm Global Operating LLC > News item |
S&P rates TerraForm Global debt BB-
S&P said it corrected the recovery rating on TerraForm Global Operating LLC's senior unsecured debt to 3 from 2 and lowered the issue-level rating on the debt to BB- from BB.
An earlier press release misstated both the senior unsecured debt rating and the recovery rating on the debt, S&P explained.
Although the calculated recovery is closer to 75%, which would imply a recovery score of 2, te agency said it caps the senior unsecured rating at 3 and the estimated recovery at 65% for the BB rating category.
© 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.