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S&P rates Domus Vi notes B, loan B+
Standard & Poor’s said it assigned its preliminary B long-term corporate credit rating to CasaVita (Domus Vi).The outlook is stable.
At the same time, S&P assigned a preliminary issue rating of B+ and a preliminary recovery rating of 2 to Domus Vi’s super senior revolving credit facility.
In addition, S&P assigned a preliminary issue rating of B and a preliminary recovery rating of 4 to Domus Vi’s senior secured notes.
The ratings reflect S&P’s assessment of Domus Vi’s business risk profile as “fair” and financial risk profile as “highly leveraged.” From these assessments, S&P said it derives its anchor of b.
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