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| Prospect News home > News index > List of issuers I > Headlines for Ion Media Networks, Inc. > News item |
S&P gives ION Media notes recovery ratings
Standard & Poor's said it assigned a recovery rating of 3 to ION Media Networks Inc.'s $400 million floating-rate first-priority secured notes due 2012 and a recovery rating of 6 to its $405 million floating-rate second-priority secured notes due 2013.
The issue-level ratings remain CCC+ for the first-priority notes and CCC- for the second-priority notes.
ION Media's corporate credit rating is CCC+, and the outlook remains negative.
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