E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/16/2019 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.

S&P cuts Bridging North America notes to BBB

S&P said it downgraded the rating on Bridging North America GP’s notes to BBB from BBB+, reflecting the downgrade on Fluor Corp. to BBB from BBB+, which is the company’s construction and operations counterparty.

The agency lowered ratings on BNA’s C$157.1 million of series A and C$289.3 million of senior secured bonds to BBB from BBB+

The negative outlook matches the negative outlook on Fluor.


© 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.