Network Solutions LLC 'B' Corporate Credit Rating Placed On CreditWatch Negative On Deal To Be Acquired By Web.com Aug 11
Standard & Poors, August 2011
Abstract
U.S. Web-based service provider Network Solutions has announced it is being sold to Web.com. We are placing our 'B' corporate credit rating on CreditWatch with negative implications. The negative CreditWatch listing reflects the potential for a downgrade if completion of the proposed transaction results in higher debt leverage, weak EBITDA coverage of interest expense, and decreased financial flexibility. NEW YORK (Standard & Poor's) Aug. 5, 2011--Standard & Poor's Rating Services said today that it placed its ratings on Network Solutions LLC, including its 'B' corporate credit rating, on CreditWatch with negative implications. Negative implications indicate that we could lower or affirm the rating. Network Solutions' financial risk profile would likely weaken in light of higher debt leverage and weaker interest...
Companies mentioned in this report are: Network Solutions LLC
Action: On CreditWatch:Negative
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.
Network Solutions LLC
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