Weekly Downgrade Wrap-Up
Per usual, we have a week’s worth of ratings actions on buyout-backed companies from Standard & Poor’s and Moody’s Investor Services. Not too much action, with just a trio of downgrades and one rating on a new issuance: Company: EuroFresh Inc. Sponsors: Bruckmann Rosser Sherrill & Co., Banc of America Capital Investors Downgrade: S&P withdrew its ratings Comment: S&P: “Withdrew its 'D' corporate credit rating and 'D' issue ratings on Eurofresh's $170 million 11.5% senior notes due 2013 and $44.174 million step up senior subdiscount notes due 2014 because EuroFresh filed for Chapter 11 bankruptcy protection on April 21, 2009.”
26 June 2009•2 mins read
