| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers L > Headlines for LinkedIn Corp. > News item |
S&P: LinkedIn convertibles BB+
Standard & Poor’s said it assigned an unsolicited BB+ corporate credit rating to LinkedIn Corp.
The agency also said it assigned an unsolicited BB+ rating and unsolicited 3 recovery rating to the company’s $1.3 billion convertible notes due 2019. The 3 recovery rating indicates 50% to 70% expected default recovery.
The outlook is stable.
LinkedIn will use the proceeds from the debt issuance for general corporate purposes, including operating needs, the agency said.
The ratings incorporate an assumption of double-digit percentage growth in LinkedIn Solution customers, robust growth in unique visiting members and page views, positive discretionary cash flow and minimal debt leverage, S&P said.
© 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.