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Prospect News home > News index > List of issuers E > Headlines for Endo Finance Holdings Inc. > News item |
S&P corrects Endo ratings
S&P said it corrected its ratings for Endo Inc. not having accounted for the super-priority position of its revolver.
The agency said it assigned BB issue-level ratings, corrected from B+ to the planned $400 million super-priority revolving credit facility and a B+ issue-level rating to the proposed $1.25 billion term loan B issued by subsidiary Endo Finance Holdings Inc. S&P also revised the recovery rating on the revolver to 1 from 3.
The issuer rating is unchanged at B+ and the outlook is stable.
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