| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers N > Headlines for New Look Retail Group Ltd. > News item |
Fitch gives New Look notes B
Fitch Ratings said it assigned New Look Retail Group Ltd. a long-term issuer default rating of B- with a stable outlook.
Fitch also assigned New Look's planned £800 million senior secured notes an expected senior secured rating of B(EXP)/RR3.
The B- issuer default rating reflects the aggressiveness of the proposed recapitalization, the agency said. However, this is offset by New Look's established market leadership in the UK, favorable medium-term industry trends and improving operating performance in recent quarters.
© 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.