Moody's assigns ratings to IXS, CFR at B2 and stable outlook
Approximately $428 million of rated obligations affected. New York, November 09, 2016-- Moody's Investors Service assigned first-time ratings to Innovative XCessories& Services LLC including a Corporate Family Rating at B2, and Probability of Default Rating at B3-PD. In a related action, Moody's assigned a B2 rating to the new $400 million senior secured term loan, and B2 ratings to the company's $28 million senior secured revolver split into U.S. and Canadian tranches.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.