- Language: English
- Published: December 2012
Recovery Report: Integra Telecom Holdings Inc.'s Recovery Rating Profile
- Published: May 2011
- Standard & Poors
Standard & Poor's Ratings Services has assigned its issue-level and recovery ratings to competitive local exchange carrier (CLEC) Integra Telecom Inc.'s (Integra) proposed $260 million of senior notes due 2016. The company intends to use proceeds from the unsecured notes to repay its existing senior secured term loan and to pay related fees and expenses. At the same time, we raised the rating on the company's existing senior secured notes due 2016 to 'B' from 'CCC+'. The revised issue rating on the secured notes is a result of both our raising the company's corporate credit rating to 'B/Stable/--' from 'B-/Positive/--', along with a revision in the recovery rating on this debt to '4' from '5'. Our simulated default scenario envisions...
Companies mentioned in this report are: Integra Telecom Inc.,Integra Telecom Holdings Inc.
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
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Integra Telecom Inc.,Integra Telecom Holdings Inc.
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