The rating service further gave its B+ bank loan rating
with a recovery rating of 4 to the company's proposed USD500m (EUR366m) credit facility comprising a USD40m revolver line and a USD460m term loan.
BANKING AND CREDIT NEWS-March 10, 2011--Fitch examines Meenakshi Energy's bank loan rating
for possible downgrade(C)2011 M2 COMMUNICATIONS http://www.m2.com
The completion of the acquisition by Cablevision that is likely to occur in late 2010 or early 2011 would result in withdrawal of Bresnan's ratings, including its senior secured bank loan rating
of BB- with a recovery rating of 2.
In addition, the rater pulled out the B bank loan rating
on Reddy Ice Corp (Opco) and the 2 recovery rating while ending the "negative" watch on the B issue rating.
The listing also spans the BB+ bank loan rating
on the company's senior secured credit facility.
Mullineaux, 2006, "The Informational Role of Bank Loan Ratings
," Journal of Financial Research (Forthcoming).
The move affected the firm's BBB-(ind)nm national long-term rating and BBB-(ind)nm and A3(ind)nm bank loan ratings
BANKING AND CREDIT NEWS-July 28, 2011--CRISIL announces suspension on bank loan ratings
of Bhagya Kalita(C)2011 M2 COMMUNICATIONS http://www.m2.com
In particular, the agency referred to API's B2 corporate family and bank loan ratings
which it set on 12 May 2011.
26 May 2011 -- S&P on Thursday affirmed the BBB corporate credit, senior unsecured and bank loan ratings
on Watson Pharmaceuticals Inc (NYSE:WPI) after it said it was buying Greek generic drug firm Specifar.
13 May 2011 -- S&P on Thursday cut to B- from B its corporate credit and bank loan ratings
on US medical imaging company Diagnostic Imaging, citing its weak liquidity.