Research Update: Ace Hardware Corp. Ratings Withdrawn At Company's Request Jun 12
Standard & Poors, June 2012
Abstract
On June 18, 2012, Standard & Poor's Ratings Services withdrew its 'BB-' corporate credit rating on Oak Brook, Ill.-based Ace Hardware Corp. at the company's request. Ace has repaid all of its rated debt, the 9.125% senior secured notes due June 1, 2016, which we had rated 'BB-' with a '4' recovery rating. Ratings Withdrawn To From Ace Hardware Corp. Corporate Credit Rating NR/-- BB-/Stable/-- Senior Secured NR BB- Recovery Rating NR 4...
Companies mentioned in this report are: Ace Hardware Corp.
Action: Withdrawn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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
Ace Hardware Corp.
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