Moody's Ratings downgrades First Brands' PDR to D-PD following Chapter 11 bankruptcy filing
Moody's Ratings (Moody's) downgraded First Brands Group, LLC's (First Brands) probability of default rating (PDR) to D-PD from Ca-PD. Concurrently, we affirmed the company's Ca corporate family rating, Ca senior secured first lien debt rating, and C senior secured second lien debt rating. The outloo...
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:
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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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