8 million of factoring facilities, which we assume to be drawn by the year of default. -- Six months of prepetition interest. The remaining value would, in our view, enable the unsecured lenders (of the GBP1 billion-equivalent notes, the GBP500 million notes, and the GBP551 million of debt under the RCF) to achieve recovery of 30%-50%, resulting in a recovery rating of '4'. Outlook The positive outlook reflects our view of a more than one-in-three possibility of an upgrade over the next 12 ...
Premium Content (PAID Subscription Required)
"TEXT-S&P raises Jaguar Land Rover rating to 'BB-'=2" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642