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| Prospect News home > News index > List of issuers R > Headlines for Reddy Ice Holdings, Inc. > News item |
S&P: Reddy Ice recovery to 4
Standard & Poor's said it revised the recovery rating on Reddy Ice Corp.'s senior first-lien notes to 4 from 3.
The 4 recovery rating indicates 30% to 50% recovery in a default. The B- rating on the first-lien notes remains unchanged. All other issue-level and recovery ratings remain unchanged, S&P said.
The B- corporate credit rating on parent, Reddy Ice Holdings Inc., also remains unchanged.
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