| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Mark IV LLC > News item |
S&P assigns Mark IV B
Standard & Poor's said it assigned its B corporate credit rating to Mark IV LLC following the company's emergence from Chapter 11 bankruptcy protection.
The outlook is negative.
At the same time, the agency said it withdrew its D corporate credit rating on Mark IV Industries Inc., adding that this entity is now a subsidiary of Mark IV LLC.
S&P said it also assigned BB- and B- issue ratings to various debt issues.
"The ratings reflect what we consider to be Mark IV's highly leveraged financial risk profile and weak business risk profile following its emergence from bankruptcy," said S&P credit analyst Gregg Lemos Stein.
© 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.