| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers I > Headlines for Imagine Group LLC > News item |
S&P trims Imagine Group
S&P said it downgraded Imagine Group LLC to CCC+ from B- on weaker operating performance. The agency also cut the rating on the first-lien credit facility to CCC+ from B- and the issue-level rating on the second-lien term loan to CCC- from CCC. The recovery ratings are unchanged.
“We expect negative FOCF and leverage to remain elevated at around 8.5x in 2019, which in our view is unsustainable for a company with significant exposure to the print and retail sectors,” said S&P in a news release.
The outlook is negative.
© 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.