DBRS confirms AGT ratings

DBRS said it confirmed the issuer rating of AGT Food and Ingredients Inc. at B (high) and its senior unsecured notes rating at BB (low). The trends are stable, and the Recovery Rating on the senior unsecured notes remains at RR3.

DBRS has discontinued its rating on the senior secured high-yield notes, as the notes were repaid pursuant to the company’s early redemption in February 2017.

The confirmation of the ratings is based on the company’s reasonably sound operating performance in 2016 and Q1 2017, despite a challenging operating environment, DBRS said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.