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Recovery Report: TASC Inc's Recovery Rating Profile Product Image

Recovery Report: TASC Inc's Recovery Rating Profile

  • 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: Full Analysis

Abstract
Standard & Poor's Ratings Services is updating its recovery report on TASC Inc. to reflect the impact of the company's recent refinancing of its term loans. Both the recovery and issue ratings are unchanged. Our default scenario envisions a default in 2015 due to a significant loss in contracts resulting from performance issues weakening operating profitability and the company's ability to re-compete for existing contracts or win new contracts. The revised capital structure comprises a $100 million senior secured revolver credit facility, a $575 million term loan B, and $310 READ MORE >

TASC Inc.

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