| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for R.H. Donnelley Corp. > News item |
S&P: R.H. Donnelley, Dex Media on watch
Standard & Poor's said it placed its ratings on R.H. Donnelley Corp., including its BB corporate credit rating, and Dex Media Inc., including its BB- corporate credit rating, on CreditWatch with negative implications.
At the same time, the agency said it placed the ratings on the companies' operating subsidiaries, R.H. Donnelley Inc., Dex Media West LLC and Dex Media East LLC, on CreditWatch with negative implications.
S&P noted the CreditWatch listing follows R.H. Donnelley's announcement it would acquire Dex for$4.2 billion plus the assumption of Dex's outstanding debt, which totaled $5.5 billion as of June.
If S&P lowers R.H. Donnelley and Dex's ratings, the corporate credit ratings floor is expected to be B+.
© 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.