Research Update: Luxembourg-Based Ultima Lux S.a.r.l (Armacell) Assigned 'B' Rating; Outlook Stable Jul 13
- Language: English
- Published: July 2013
PARIS (Standard & Poor's) Dec. 12, 2011--Standard & Poor's Ratings Services said it affirmed and then withdrew its 'B' long-term corporate credit rating on Luxembourg-based cable operator Coditel Holding Lux Sarl at the issuer's request. The rating action follows the completion of Coditel's full refinancing of its capital structure on Dec. 2, 2011, with new bank loans and a mezzanine facility replacing its initial bridge loan. At closing of the transaction, on Dec. 2, 2011, debt leverage was down slightly from that of the initial capital structure and liquidity was adequate, in our opinion. At the time of the withdrawal, the outlook was stable and the company had no rated debt outstanding. RELATED CRITERIA AND RESEARCH 2008 Corporate Criteria: Analytical...
Companies mentioned in this report are: Coditel Holding Lux Sarl
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Coditel Holding Lux Sarl