S&P Corrects And Reinstates 'BB+' Issue And '4' Recovery Ratings On Barry Callebaut AG ?850 Million Senior Unsecured RCF Feb 11
- ID: 1818896
- February 2011
- Standard & Poors
LONDON (Standard & Poor's) Feb. 25, 2011--Standard & Poor's Ratings Services said today that it has corrected an error relating to its issue and recovery ratings on a -850 million revolving credit facility (RCF), jointly borrowed by Switzerland-based chocolate company Barry Callebaut AG (BB+/Positive/--), and its subsidiary Barry Callebaut Services N.V. The ratings on this RCF were withdrawn on Dec. 31, 2010, due to a data input error because our database had not been updated with the RCF's new maturity dates of 2012 and 2013, when they were extended in 2007. We have corrected the error by reinstating our 'BB+' issue and '4' recovery ratings on the RCF. Our other ratings on Barry Callebaut are unaffected. For further information about...
Companies mentioned in this report are: Barry Callebaut AG
Action: Rating Reinstated
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Research type: News
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