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Aquilex Holdings LLC 'D' Rating Withdrawn Feb 12
Standard & Poors, Feb 2012
Abstract
NEW YORK (Standard & Poor's) Feb. 9, 2012--Standard & Poor's Ratings Services said today it withdrew its ratings on energy industry maintenance services provider Aquilex Holdings LLC at the issuer's request. On Dec. 16, 2011, we lowered our corporate credit rating on Aquilex to 'D' upon notification that the company failed to pay the semiannual interest due on its senior unsecured notes. RELATED CRITERIA AND RESEARCH Timeliness Of Payments: Grace Periods, Guarantees, And Use Of 'D' And 'SD' Ratings, Dec. 23, 2010 Criteria Methodology: Business Risk/Financial Risk Matrix Expanded,' May 27, 2009...
Companies mentioned in this report are: Aquilex Holdings LLC
Action: Withdrawn
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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