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Recovery Report: Nielsen Co.'s Recovery Rating Profile Apr 09 Product Image

Recovery Report: Nielsen Co.'s Recovery Rating Profile Apr 09

  • Published: April 2009
  • Standard & Poors

Abstract
On April 27, 2009, Standard & Poor's Ratings Services assigned the proposed $500 million senior unsecured notes due 2016 issued by co-borrowers Nielsen Finance LLC and Nielsen Finance Co. its issue-level rating of 'B-' (one notch lower than the 'B' corporate credit rating on parent company The Nielsen Co. B.V.). We also assigned this debt a recovery rating of '5', indicating our expectation of modest (10% to 30%) recovery in the event of a payment default. Proceeds of the new notes will be used for capital expenditures and other general corporate purposes, including retiring The Nielsen Co. B.V.'s -250 million 5.625% putable notes due in 2010 or 2017, a portion of the The Nielsen Co. B.V.'s -50 million floating-rate notes...

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, READ MORE >

The Nielsen Co. B.V.,Nielsen Finance LLC,Nielsen Finance Co.

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