Recovery Report: Reichhold Industries Inc.'s Recovery Rating Profile May 11
Standard & Poors, May 2011
Abstract
We are updating our recovery analysis on U.S.-based chemical company Reichhold Industries Inc., following our review of the company's business and recovery prospects. Our issue-level and recovery ratings on the senior unsecured notes remain unchanged. Our simulated default scenario contemplates a default in 2012, resulting from raw material price volatility, competitive pressures, and depressed demand reflecting a downcycle in the industry. (For Standard & Poor's recovery rating methodology, see "Criteria Guidelines For Recovery Ratings-," published Aug. 10, 2009, on RatingsDirect on the Global Credit Portal.) The company's existing capital structure includes the following debt facilities: A $100 million (unrated) senior secured asset-based loan (ABL) revolving credit facility due May 2014; $195 million in 9% senior unsecured notes due 2014; and...
Companies mentioned in this report are: Reichhold Industries 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
Reichhold Industries Inc.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW5
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
