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| Prospect News home > News index > List of issuers B > Headlines for Beverages & More!, Inc. (BevMo) > News item |
S&P lifts BevMo notes
Standard & Poor’s said it raised the rating on Beverages & More Inc.’s (BevMo) $180 million senior secured notes due November 2018 to B- from CCC+ and also revised the recovery rating to 4 from 5.
The 4 recovery rating indicates 30% to 50% expected default recovery.
The upgrades reflect the company’s current valuation in a hypothetical bankruptcy and emergence scenario, S&P said.
The company’s B- corporate credit rating and stable outlook are unaffected.
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