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
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Research type: News
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