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Prospect News home > News index > List of issuers A > Headlines for American Capital Strategies LLC > News item
Published on 12/17/2009 in the Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Fitch lowers American Capital

Fitch Ratings said it downgraded American Capital Strategies LLC's issuer default rating to C from CC and senior unsecured debt to CCC/RR2 from B-/RR2.

All ratings have been removed from Rating Watch negative.

The downgrade reflects the fact that American Capital is operating under a standstill agreement with unsecured creditors. Fitch also expects that the company will pursue a pre-packaged Chapter 11 plan of reorganization if it is unable to reach a restructure agreement with unsecured creditors.


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