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Recovery Report: Evergreen International Aviation Inc.'s Recovery Rating Profile Dec 11 Product Image

Recovery Report: Evergreen International Aviation Inc.'s Recovery Rating Profile Dec 11

  • Published: December 2011
  • Region: Global
  • Standard & Poors

Abstract
On Dec. 15, 2011, Standard & Poor's Ratings Services lowered its corporate credit rating on U.S.-based international air cargo carrier Evergreen International Aviation Inc. As a result of the downgrade, we revised our issue-level ratings on the first- and second-lien facilities. Our default scenario simulates a default occurring in 2012 after the loss of a significant customer, increased competitive pressures, and decreased demand from existing customers cause a drop in overall demand. In the event of default, we expect that recovery value would come from the sale of discrete assets of the company. Evergreen is a wholly owned subsidiary of Evergreen Holdings (Holdings) and the parent of Evergreen International Airlines, Evergreen Helicopters, Evergreen Maintenance Center, Evergreen Trade, and Evergreen Ground...

Companies mentioned in this report are: Evergreen International Aviation 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 READ MORE >

Evergreen International Aviation Inc.

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