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Published on 2/26/2015 in the Prospect News Bank Loan Daily and Prospect News Distressed Debt Daily.

S&P lifts Quality Home Brands

Standard & Poor’s said it raised the rating to B- from CCC+ on Quality Home Brands Holdings LLC’s $160 million first-lien term loan due 2018 and revised the recovery rating to 4 from 5, indicating 30% to 50% expected default recovery.

The upgrade reflects the increase in the company’s enterprise value at bankruptcy emergence, S&P said.


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