| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for AMH New Finance Inc. > News item |
S&P rates Associated Materials notes B-
S&P said it affirmed the B- corporate credit rating on Associated Materials LLC and revised its outlook to stable from negative.
The agency also said it assigned a B- rating and 4 recovery rating to the company's proposed $675 million senior secured notes.
The 4 recovery rating indicates 30% to 50% expected default recovery.
Associated Materials, AMH New Finance Inc. and Associated Materials Group Inc. are the issuers on the debt.
The outlook revision reflects a view that the company’s capital structure is sustainable following the refinancing of debt because the new facility will mature in 2024, S&P said.
In addition, the agency said it believes there are no liquidity constraints over the next 12 months.
© 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.