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
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Research type: News
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