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S&P rates CommScope notes B-
S&P said it assigned a B- issue-level rating and 5 recovery rating to CommScope Inc.’s new eight-year, $700 million of senior unsecured notes. The 5 recovery rating reflects S&P’s expectation of modest recovery (10%-30%; rounded estimate: 10%) in a payment default.
CommScope intends to use proceeds to redeem unsecured notes.
The issuer rating on CommScope remains B with a negative outlook, S&P said.
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