Moody's Ratings appends limited default (LD) to Spring Windows' PDR following distressed exchange
Moody's Ratings (Moody's) affirmed SWF Holdings I Corp.'s (Springs Windows) Probability of Default Rating (PDR) at Caa1-PD and appended the PDR with a limited default (LD) designation, changing the PDR to Caa1-PD/LD. This reflects that we consider the discounted debt exchange and priming transaction...
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
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