| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Tradesman International LLC > News item |
S&P cuts Tribe Buyer, debt to B-
S&P said it downgraded the issue-level rating on Tribe Buyer LLC’s first-lien debt to B- from B. The recovery rating remains 3, reflecting the expectation of average (50%-70%; rounded estimate: 50%) recovery in the event of a payment default.
S&P also downgraded the company to B- from B.
Tribe Buyer does business as Tradesman International LLC.
The agency said the company has underperformed its expectations and sees higher leverage and lower cash flows for Tribe Buyer over the next 18 months.
The outlook is stable.
© 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.