Moody's Ratings affirms P&L Development's Caa2 CFR, changes outlook to positive following distressed exchange
Moody's Ratings (Moody's) today affirmed P&L Development, LLC's (PLD) Caa2 Corporate Family Rating (CFR) and its Caa2-PD Probability of Default Rating following the completion of the previously announced note exchange. We appended a limited default designation (/LD) to the Caa2-PD PDR as we consider...
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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