E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/8/2024 in the Prospect News Bank Loan Daily.

Fitch rates WEC loans BB-

Fitch Ratings said it assigned BB-/RR3 senior secured ratings for WEC US Holdings Ltd.'s (formerly Brookfield WEC Holdings Inc.) planned senior secured revolving credit facility and term loan.

The agency said it also affirmed WEC US' asset-based lending facility at BB+/RR1 and WEC US' long-term issuer default rating and senior secured debt at B+ and BB-/RR3, respectively.

Additionally, Fitch assigned WEC US' new parent company, Watt New Sub-Aggregator LP, a B+ long-term IDR, collectively referred to as WEC and doing business as Westinghouse Electric Co.

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.