Weekly Downgrade Roundup (And One Upgrade!)
As usual, I have a week’s worth of Moody’s and S&P downgrades on PE-backed companies. Repeat offenders include Apollo Management, KKR, Carlyle Group and Bain Capital. We’ve also got one upgrade, which is Carlyle Group and Fenway Partners’ American Achievement Group. It’s basically an upgrade from the default rating after AAC’s parent company purchased some of its own senior PIK notes at a massive discount. Anyways, on to the list of 16:
6 March 2009•6 mins read
