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
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers C > Headlines for Champion Home Builders Co. > News item
Published on 10/15/2009 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

S&P drops Champion Enterprises to D

Standard & Poor's said it lowered the corporate credit ratings on Champion Enterprises Inc. and its wholly owned subsidiary Champion Home Builders Co. to D from CC and the rating on the subsidiary's secured credit facility to D from C.

The rating on Champion Enterprises' convertible debt is unchanged at C.

The actions reflect Champion's failure to make recent interest and principal payments on its rated bank debt, according to S&P.


© 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.