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Sabre Holdings Ratings Lowered, Off Watch With Stable Outlook; Sabre Inc. Assigned 'B+' CCR Apr 07
Standard & Poors, April 2007
NEW YORK (Standard & Poor's) April 2, 2007--Standard & Poor's Ratings Services today lowered its ratings on travel distribution company Sabre Holdings Corp., including lowering the corporate credit rating to 'B+' from 'BB'. All ratings were removed from CreditWatch with negative implications, where they were initially placed on Dec. 12, 2006. The rating actions follow the company's March 30, 2007, leveraged acquisition by private equity firms Silver Lake Partners and Texas Pacific Group. The outlook is now stable. At the same time, we assigned a 'B+' corporate credit rating to Sabre Inc. , the major operating subsidiary of Sabre Holdings Corp. The outlook is stable. We affirmed the 'B+' rating and '3' recovery rating on Sabre Inc.'s $3.515 billion secured...
Companies mentioned in this report are: Sabre Holdings Corp.,Sabre Inc.
Action: New Rating
Action: Outlook: Stable
Action: Removed From CreditWatch
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.
Sabre Holdings Corp.,Sabre Inc.