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Recovery Report: Yellow Media Inc.'s Recovery Rating Profile Aug 11 Product Image

Recovery Report: Yellow Media Inc.'s Recovery Rating Profile Aug 11

  • Published: August 2011
  • Standard & Poors

FEATURED COMPANIES

Abstract
On Aug. 4, 2011, Standard & Poor's Ratings Services assigned recovery ratings to Montreal-based Yellow Media Inc.'s (BB+/Stable/--) senior unsecured debt and convertible debentures. The assignment of recovery ratings followed our lowering of the long-term corporate credit rating on Yellow Media to 'BB+' from 'BBB-', as required for all Standard & Poor's speculative-grade ratings. We also lowered our issue-level rating on Yellow Media's senior unsecured debt to 'BB+' from 'BBB-'. As a result, we have assigned a recovery rating of '3' to the senior unsecured credit facility and notes, which assumes meaningful (50%-70%) recovery in our simulated default scenario. In addition, we lowered our issue-level rating on Yellow Media's convertible debentures to 'BB-' from 'BB+' and assigned a '6' recovery...

Companies mentioned in this report are:
- YPG Financing 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 READ MORE >

- YPG Financing Inc.

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