| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for CHC Helicopter SA > News item |
Moody’s downgrades CHC, notes
Moody's Investors Service said it downgraded CHC Group Ltd.'s corporate family rating to Ca from Caa3 and probability of default rating to Ca-PD from Caa3-PD.
The agency also downgraded CHC Helicopter SA's senior secured notes to Ca from Caa3 and senior unsecured notes to C from Ca.
The speculative grade liquidity rating remains SGL-4.
The outlook remains negative.
"The downgrade reflects CHC's election to not make its interest payment on April 15, 2016," Moody's analyst Paresh Chari said in a news release.
"We expect CHC will likely file or restructure its debt in 2016."
© 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.