Report
EUR 176.76 For Business Accounts Only

HC2 Holdings Inc.: HC2's tack-on offering is credit negative; no ratings impact

CORPORATES ISSUER COMMENT 28 June 2017 RATINGS HC2 Holdings Inc. Corporate Family Rating B3 Outlook Stable Contacts Michael Corelli 212-553-1654 VP-Sr Credit Officer [email protected] Brian Oak 212-553-2946 MD-Corporate Finance [email protected] HC2 Holdings Inc. HC2’s tack-on offering is credit negative; no ratings impact HC2 Holdings $38 million tack-on to its existing $362 million s
Underlying
HC2 Holdings Inc.

HC2 Holdings is a holding company. Through its subsidiaries, the company operates in several segments including: Construction, which is a modeler, detailer, fabricator and erector of structural steel and heavy steel plate; Marine Services, which provides engineering and underwater services on submarine cables; Energy, which designs, builds, owns, acquires, operates and maintains compressed natural gas fueling stations for transportation vehicles; Telecommunications, which operates a telecommunications business including a network of direct routes and provides voice communication services; and Insurance, which provides long-term care, life, annuity, and other accident and health coverage.

Provider
Moody's Investors Service
Moody's Investors Service

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
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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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