- Language: English
- 89 Pages
- Published: July 2010
- Region: Thailand
Fenwal Inc. Corporate Credit, First-Lien Debt Ratings Raised To 'B+'; Second-Lien Debt Rating Raised To 'B' Jun 12
- Published: June 2012
- Standard & Poors
Lake Zurich, Ill.-based Fenwal Inc.'s financial strength has exceeded our expectations, reflecting revenue growth, EBITDA margin improvement, and debt repayment. We are raising our corporate credit and first-lien secured debt ratings on Fenwal to 'B+' from 'B'. We are also raising our second-lien secured debt rating to 'B' from 'B-'. Our stable rating outlook on Fenwal reflects expectations of modestly improving operating trends, and our view that the company will not meaningfully raise the level of outstanding debt. NEW YORK (Standard & Poor's) June 18, 2012--Standard & Poor's Ratings Services said today that it raised its corporate credit rating on Lake Zurich, Ill.-based Fenwal Inc. to 'B+' from 'B'. The outlook is stable. We also raised our rating on Fenwal's...
Companies mentioned in this report are: Fenwal Inc.
Action: Outlook: Stable
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Research type: News
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