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Bulletin: Fresenius Group's Recovery And Issue Ratings Unaffected By Additional Senior Debt Sep 08
Standard & Poors, Sep 2008
Abstract
MADRID (Standard & Poor's) Sept. 29, 2008--Standard & Poor's Ratings Services said today that the issue and recovery ratings on Fresenius SE's (BB/Negative/--) various debt facilities--including the recovery rating of '1' and issue rating of 'BBB-' on the senior credit facility--remain unchanged following the proposed increase by $500 million of the senior credit facility. We expect the additional $500 million equivalent of term loan B issued by Fresenius U.S. Finance I Inc. to be used for a partial repayment of the bridge facility by the same amount. For the full recovery report, please see 'Fresenius SE's Recovery Rating Profile,' published on RatingsDirect on Sept. 5, 2008....
Companies mentioned in this report are: Fresenius SE & Co. KGaA
Action: Bulletin
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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