Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Titan Holdings II BV > News item |
S&P rates Titan Holdings notes CCC+
S&P said it assigned its preliminary CCC+ issue rating and 6 recovery rating to Titan Holdings II BV's planned €375 million of senior subordinated notes due 2029.
“The preliminary rating is constrained by the subordinated nature of the senior unsecured notes and reflects our expectation of negligible recovery prospects in the event of a default (0%-10%, rounded estimate: 0%),” S&P said in a press release.
The outlook is stable.
© 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.