S&P suspends GetBack ratings

S&P said it suspended its B long-term and B short-term issuer credit ratings on GetBack SA.

At the time of the suspension, the global scale ratings on GetBack were B/B and the ratings were on CreditWatch negative.

“We understand that GetBack is experiencing difficulties with the full and timely repayment of at least one of its private debt placements,” S&P said in a news release.

“However, we have no sufficient information on the terms and conditions of the issue, in particular regarding the grace period, nor do we have any updated information on the issuer's liquidity and funding profile.”

© 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.