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Prospect News home > News index > List of issuers L > Headlines for Loyalty Ventures Inc. > News item
Published on 3/10/2023 in the Prospect News Bank Loan Daily, Prospect News Canadian Bonds Daily and Prospect News Distressed Debt Daily.

S&P axes Loyalty Ventures ratings

S&P said it downgraded its ratings for Loyalty Ventures Inc. and its first-lien term loan to D from CCC+.

Loyalty Ventures voluntarily filed for relief under Chapter 11 of the U.S. bankruptcy code on March 10. Additionally, LoyaltyOne Co., an indirect subsidiary of the company, sought creditor protection in Canada under the Companies' Creditors Arrangement Act.

S&P said it plans to withdraw the ratings in the next 30 days.


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