Moody’s Assigns Ba3 Rating to NAI $850MM Term Loan
Moody’s has assigned a Ba3 rating to New Albertson’s proposed senior secured term loan of $850 million pending NAI’s proposed acquisition of Safeway’s Eastern division.
Moody’s has assigned a Ba3 rating to New Albertson’s proposed senior secured term loan of $850 million pending NAI’s proposed acquisition of Safeway’s Eastern division.
Moody’s has placed the senior and subordinated debt ratings of the six largest U.S. banks on review as it considers reducing its government support assumptions to reflect the impact of U.S. bank resolution policies.
Moody’s Investors confirmed Revlon’s Ba3 CFR and Ba2 senior secured term loan rating concluding the downgrade initiated following the company’s announced $660 million debt-funded acquisition of The Colomer Group.
Moody’s Investors Service announced it downgraded TWCC Holdings, d/b/a The Weather Channel Companies corporate family rating to B1 from Ba3, and assigned a B3 to its proposed $600 million second lien senior secured term loan.
Moody’s assigned a Caa1 rating to Expera Specialty Solutions’ $178 senior secured term loan reflecting a lack of unsecured debt as well as the superior position of a $75 million ABL revolver.
Moody’s assigned a Caa1 rating to Expera Specialty Solutions’ $178 senior secured term loan reflecting a lack of unsecured debt as well as the superior position of a $75 million ABL revolver.
Fitch Ratings said it has assigned a rating of BB/RR1 to AMC Entertainment’s recently announced new senior secured credit facility comprised of a $150 million revolver and a $775 million term loan.
S&P said it revised the ratings outlook on JPMorgan Chase and its banking subsidiaries to stable from negative. The rating agency also said it affirmed JPM’s issuer credit ratings.
In a special report on the U.S. Corporate Bond Market, Fitch Ratings notes the BBB pool reached a new high of 32.1%. Fitch also notes that issuance activity totaled $905.6 billion in 2012, a 32% increase year-over-year.
Fitch Ratings assigned a rating of BB-/RR1 to Rite Aid’s proposed new $1.725 billion secured revolver, $900 million term loan and $470 second lien term loan. The proceeds will be used to refinance Rite Aid’s existing $1.175 ABL facility.