On June 17, 2009, Standard & Poor's Ratings Services assigned its issue-level and recovery ratings to Nielsen Finance LLC and Nielsen Finance Co.'s proposed $1.25 billion senior secured term loan due 2016. The senior secured term loan was assigned an issue-level rating of 'B+' (one notch higher than the 'B' corporate credit rating on parent company The Nielsen Co. B.V.) with a recovery rating of '2', indicating our expectation of substantial (70% to 90%) recovery for lenders in the event of a payment default. The issue-level and recovery ratings on Nielsen and related entities' existing debt remain unchanged (see credit profile table). The proposed term loan will extend the maturity of a portion of the existing term loans from Aug....
Companies mentioned in this report are:
- The Nielsen Co. B.V.
- Nielsen Finance LLC
- Nielsen Finance Co.
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