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EIG Management Co. LLC Assigned 'BB' Rating; Outlook Is Stable Product Image

EIG Management Co. LLC Assigned 'BB' Rating; Outlook Is Stable

  • ID: 1785036
  • May 2011
  • Standard & Poors

Abstract
We expect EIG to grow its fee-paying assets under management and recognize the stable and recurring nature of future management fee revenue. We are assigning a 'BB' rating to EIG Management Co. LLC. We are also assigning a 'BB' rating to the company's senior secured credit facility. The stable outlook reflects our belief that EIG will use fees and income to support the interest and principal payments on the proposed debt issuance. NEW YORK (Standard & Poor's) May 11, 2011--Standard & Poor's Ratings Services said today that it assigned its 'BB' long-term counterparty credit rating to EIG Management Co. LLC (EIG). The outlook is stable. We have also assigned a 'BB' rating to EIG's senior secured credit facility consisting of...

Companies mentioned in this report are: EIG Management Company, LLC
Action: New Rating

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.

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