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S&P rates LSF9 Atlantis notes B
S&P said it assigned LSF9 Atlantis Holdings LLC’s planned $635 million of senior secured notes due 2025 a B rating with a 4 recovery rating.
Concurrently, the agency affirmed the B issuer rating of 2Z Wireless Holding Inc. (Victra) but revised the outlook to stable from negative.
“The stable outlook reflects our view that threats posed by the pandemic to Victra’s sales and liquidity have subsided. We expect modest revenue growth over the next 12 months with debt to EBITDA around low-5x on a sustained basis,” S&P said in a press release.
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