- Language: English
- 98 Pages
- Published: January 2011
- Region: Iran
Scotsman Industries Inc.'s Debt Rating Of 'B+' (Recovery Rating: 3) Remains Unchanged After $60 Million Term Loan Upsize
- 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
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U.S.-based ice machine manufacturer Scotsman Industries Inc. is offering a $60 million incremental term loan due 2016. Our 'B+' issue-level rating with a recovery rating of '3' on the company's debt will not change as a result of the add-on of the term loan. Our 'B+' corporate credit rating on Scotsman remains unchanged. The stable outlook on Scotsman reflects our expectation that the company will operate within credit measures commensurate for the rating. NEW YORK (Standard & Poor's) May 4, 2011--Standard & Poor's Ratings Services kept unchanged its 'B+' issue-level rating with a '3' recovery rating on Vernon Hills, Ill.-based Scotsman Industries Inc.'s add-on of a $60 million incremental term loan to its existing debt. Our 'B+' corporate credit rating...
Companies mentioned in this report are: Scotsman Industries Inc.
Action: New Rating
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Scotsman Industries Inc.