- Language: English
- 1493 Pages
- Published: March 2012
- Region: Global
Recovery Report: Nielsen's Recovery Rating Profile Jun 09
- Published: June 2009
- Standard & Poors
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.
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: Full Analysis
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The Nielsen Co. B.V.,Nielsen Finance LLC,Nielsen Finance Co.