• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
CCS Inc. Rated 'B+'; Bank Financing Rated 'BB-' (Recovery Rating: '2'); Outlook Stable Oct 07 Product Image

CCS Inc. Rated 'B+'; Bank Financing Rated 'BB-' (Recovery Rating: '2'); Outlook Stable Oct 07

  • Published: October 2007
  • Standard & Poors

FEATURED COMPANIES

Abstract
TORONTO (Standard & Poor's) Oct. 22, 2007--Standard & Poor's Ratings Services today said it assigned its 'B+' long-term corporate credit rating to Calgary, Alta.-based oilfield services provider CCS Inc. At the same time, Standard & Poor's assigned its 'B-' senior unsecured debt rating to the proposed C$600 million eight-year notes. Standard & Poor's also assigned its 'BB-' rating with a recovery rating of '2' to CCS's proposed, seven-year, C$1.3 billion term loan facility; C$100 million delayed draw seven-year term loan facility; and C$500 million revolving credit facility. The '2' recovery rating indicates an expectation of substantial recovery (70%-90%) in a default scenario. The outlook is stable. "The ratings on CCS reflect the company's aggressively leveraged balance sheet following the proposed...

Companies mentioned in this report are:
- Tervita Corp.

Action: New Rating
Action: Outlook: Stable

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 READ MORE >

- Tervita Corp.

Format Properties
Electronic The report will be emailed to you.
Note: Product cover images may vary from those shown
More

RELATED PRODUCTS