ADVERTISEMENT
March 20, 2012 at 13:59 PM EDT
TEXT-S&P rates Alon USA Energy's proposed loan 'B+'
March 20 - Standard & Poor's Ratings Services today assigned its 'B+' (one notch higher than the corporate credit rating) issue-level rating to Alon USA Energy Inc.'s proposed $700 million term loan due 2018. We assigned a '2' recovery rating to this debt, indicating our expectation of substantial (70% to 90%) recovery in a payment default. The 'B+' issue rating incorporates our expectation that the company will use the proceeds from the proposed loan to repay approximately $425 million
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here