S&P ends HT Global rating after repayment

S&P said it discontinued its B+ long-term issuer credit rating on HT Global IT Solutions Holdings Ltd. The rating had been placed on CreditWatch with negative implications on June 10, on HT Global's planned privatization of its subsidiary, Hexaware Technologies Ltd.

“We discontinued the ratings because HT Global redeemed its $368 million senior secured notes due July 2021 on Sept. 8, 2020, in accordance with the terms of the notes. There is no rated debt outstanding,” S&P said in a press release.

© 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.