Lantiq Beteiligungs- GmbH & Co. KG Assigned 'B+' Long-Term Corporate Credit Rating; Term Loan Rated 'B+' Sep 10
- ID: 1871562
- September 2010
- Standard & Poors
German semiconductor designer Lantiq Beteiligungs-GmbH & Co. KG has announced a refinancing of its capital structure. We are assigning our 'B+' corporate credit rating to Lantiq and a 'B+' issue rating, with a recovery rating of '4' to the proposed $225 million senior secured term loan. The stable outlook reflects our expectation of adequate liquidity and resilient free cash flow generation through the cycle. FRANKFURT (Standard & Poor's) Sept. 22, 2010--Standard & Poor's Ratings Services said today it assigned its 'B+' long-term corporate credit rating to Germany-based semiconductor company Lantiq Beteiligungs-GmbH & Co. KG. The outlook is stable. At the same time, we assigned a 'B+' issue rating and '4' recovery rating to the proposed $225 million senior secured term...
Companies mentioned in this report are:
- Lantiq Beteiligungs-GmbH & Co. KG
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 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.