- Language: English
- Published: July 2012
Pinnacle Holdco (Paradigm) Assigned 'B' Corporate Credit Rating; Outlook Stable; First-, Second-Lien Debt Also Rated Aug 12
- Published: August 2012
- Standard & Poors
Apax Partners and JMI Equity have acquired Paradigm Ltd. through a combination of equity and senior secured debt. We are assigning our 'B' corporate credit rating to Luxembourg-based Pinnacle Holdco S.a.r.l., parent of the Paradigm group of companies, and a provider of software solutions to the global exploration and production industry. We are assigning issue-level ratings to the company's first-lien credit facilities and second-lien term loan. The stable outlook reflects the company's stable and growing revenue base and good cash flow generation NEW YORK (Standard & Poor's) Aug. 7, 2012--Standard & Poor's Ratings Services said today that it assigned its 'B' corporate credit rating to Luxembourg-based Pinnacle Holdco S.a.r.l. The outlook is stable. We also assigned a 'B+' issue-level rating...
Companies mentioned in this report are: Pinnacle Holdco S.a.r.l.,Pinnacle (US) Acquisition Co Ltd
Action: New Rating
Action: Outlook: Stable
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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Pinnacle Holdco S.a.r.l.,Pinnacle (US) Acquisition Co Ltd