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Targus Group International Ratings Are Lowered; Outlook Revised To Developing Product Image

Targus Group International Ratings Are Lowered; Outlook Revised To Developing

  • Published: January 2009
  • Region: Global
  • Standard & Poors

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Abstract
CHICAGO (Standard & Poor's) Jan. 9, 2009--Standard & Poor's Ratings Services said today that it lowered its ratings on Anaheim, Calif.-based Targus Group International Inc., including the corporate credit rating, to 'CCC+' from 'B-'. At the same time, we lowered the rating on the company's first-lien bank credit facility to 'B-' from 'B', and the second-lien bank credit facility to 'CCC' from 'CCC+'. READ MORE >

Targus Group International Inc.

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