Fitch Affirms Huntington Ingalls Industries at 'BB+'; Outlook Stable

Edit Business Wire 15 Apr 2016
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed Huntington Ingalls Inc.'s (HII) Issuer Default Rating (IDR) at 'BB+', senior secured facilities at 'BBB-/RR1', and senior unsecured notes at 'BB+/RR4'. Fitch's ratings currently cover approximately $1.3 billion of long-term debt. The Rating Outlook is Stable. A full list of rating actions appears at the end of this release ... ....

Fitch Downgrades Arendal to 'C' (Fitch Inc)

Edit Public Technologies 15 Apr 2016
(Source. Fitch Inc). 15 Apr 2016 5.09 PM EST. Fitch Ratings-Chicago-15 April 2016. Fitch Ratings has downgraded the ratings for Arendal, S. de R.L. de C.V. (Arendal) to 'C' from 'CCC'. A full list of rating actions follows at the end of this press release. KEY RATING DRIVERS. Restricted Default Appears Imminent ... Over the next three months more than 70% of Arendal's total debt is due ... --Unsecured notes due 2016 to 'C/RR4' from 'CCC/RR4'. Contact.....

Fitch Downgrades Energy XXI Gulf Coast Inc. to 'D' (Fitch Inc)

Edit Public Technologies 15 Apr 2016
(Source. Fitch Inc). 15 Apr 2016 2.39 PM EST. Fitch Ratings-Chicago-15 April 2016. Fitch Ratings has downgraded Energy XXI LTD's (NYSE ... bankruptcy code. A full list of rating actions follows this release ... ('RR1'; 100%) at the first-lien secured level, average ('RR4'; 31 to 50%) at the second-lien secured level, and poor ('RR6'; 0%) at the unsecured level ... N/A ... --Senior secured second lien notes downgraded to 'C/RR4' from 'CCC-/RR2'; ... Contact.....

Fitch Affirms Huntington Ingalls Industries at 'BB+'; Outlook Stable (Fitch Inc)

Edit Public Technologies 15 Apr 2016
(Source. Fitch Inc). 15 Apr 2016 11.50 AM EST. Fitch Ratings-New York-15 April 2016. Fitch Ratings has affirmed Huntington Ingalls Inc.'s (HII) Issuer Default Rating (IDR) at 'BB+', senior secured facilities at 'BBB-/RR1', and senior unsecured notes at 'BB+/RR4'. Fitch's ratings currently cover approximately $1.3 billion of long-term debt. The Rating Outlook is Stable ... KEY RATING DRIVERS ... LIQUIDITY ... --Senior unsecured notes at 'BB+/RR4'....

Fitch Affirms Modern Land at 'B'; Outlook Remains Positive (Fitch Inc)

Edit Public Technologies 14 Apr 2016
Fitch has also affirmed Modern Land's senior unsecured rating and the ratings on all outstanding bonds at 'B', with Recovery Rating at 'RR4' ... Senior unsecured rating affirmed at 'B', Recovery Rating at 'RR4'. CNY1.1bn 11% senior notes due 2017 affirmed at 'B', Recovery Rating at 'RR4'. USD150m 13.875% senior notes due 2018 affirmed at 'B', Recovery Rating at 'RR4'....

Fitch Affirms Orbital ATK at 'BB+'; Outlook Stable

Edit Business Wire 14 Apr 2016
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed Orbital ATK Inc.'s (OA) Issuer Default Rating (IDR) at 'BB+', senior secured facilities at 'BBB-/RR1' and senior unsecured notes at 'BB+/RR4'. Fitch's ratings currently cover approximately $1.5 billion long-term debt. The Rating Outlook is Stable. A full list of rating actions appears at the end of this release ... ....

Fitch Affirms Orbital ATK at 'BB+'; Outlook Stable (Fitch Inc)

Edit Public Technologies 14 Apr 2016
(Source. Fitch Inc). 14 Apr 2016 2.33 PM EST. Fitch Ratings-New York-14 April 2016. Fitch Ratings has affirmed Orbital ATK Inc.'s (OA) Issuer Default Rating (IDR) at 'BB+', senior secured facilities at 'BBB-/RR1' and senior unsecured notes at 'BB+/RR4'. Fitch's ratings currently cover approximately $1.5 billion long-term debt. The Rating Outlook is Stable ... KEY RATING DRIVERS ... KEY ASSUMPTIONS ... LIQUIDITY ... --Senior unsecured notes at 'BB+/RR4'....

Fitch Downgrades Peabody Energy's IDR to 'D'; 1st Liens to 'C' (Fitch Inc)

Edit Public Technologies 13 Apr 2016
(Source. Fitch Inc). 13 Apr 2016 5.00 PM EST. Fitch Ratings-New York-13 April 2016. Fitch Ratings has downgraded Peabody Energy Corporation's (Peabody; NYSE. BTU) long-term Issuer Default Rating (IDR) to 'D' from 'C'. The company and its U.S. subsidiaries have filed for bankruptcy protection under chapter 11 of the bankruptcy code ... N/A ... --Senior secured first-lien revolving credit and term loan downgraded to 'C/RR4' from 'CCC-/RR2'; ... Contact.....

Fitch Downgrades Carcade to 'B+'; Outlook Negative (Fitch Inc)

Edit Public Technologies 12 Apr 2016
(Source. Fitch Inc). 12 Apr 2016 12.01 PM EST. Fitch Ratings-Moscow-12 April 2016. Fitch Ratings has downgraded Carcade LLC's Long-term Issuer Default Ratings (IDRs) to 'B+' from 'BB-' and removed them from Rating Watch Negative (RWN) ... The Recovery Rating of 'RR4' reflects Fitch's view of average recovery prospects for creditors in case of default ... downgraded to 'B+'/'A-(rus)' from 'BB-'/'A+(rus)', Recovery Rating 'RR4', off RWN. Contact.....

Fitch Rates Camposol's Proposed Secured Debt 'B-/RR4'; Outlook Revised to Negative (Fitch Inc)

Edit Public Technologies 12 Apr 2016
(Source. Fitch Inc). 11 Apr 2016 5.22 PM EST. Fitch Ratings-New York-11 April 2016 ... In addition, Fitch has affirmed Camposol S.A.'s USD200 million senior unsecured existing notes at 'B-/RR4'and assigned a 'B-/RR4exp' rating to its five-year USD200 million proposed senior secured notes. The Rating Outlook was revised to Negative from Stable ... 2, 2017 for a 10.5% senior secured notes due 2021 ... KEY ASSUMPTIONS ... --Senior unsecured notes 'B-/RR4'....

Fitch Revises Sunshine 100's Outlook to Negative; Affirms at 'B-' (Fitch Inc)

Edit Public Technologies 12 Apr 2016
(Source. Fitch Inc). 12 Apr 2016 6.20 AM EST. Fitch Ratings-Hong Kong-12 April 2016 ... The Outlook is revised to Negative from Positive ... The one-notch downgrade of the senior unsecured rating reflects Fitch's expectations of lower recovery in the event of a default, which may be seen in the shift in the Recovery Rating to 'RR5', which represents below average recovery prospects, from 'RR4', which represents average recovery prospects ... 62%)....

Fitch Affirms Corrections Corp. at 'BB+'; Outlook Stable (Fitch Inc)

Edit Public Technologies 12 Apr 2016
(Source. Fitch Inc). 12 Apr 2016 5.00 PM EST. Fitch Ratings-New York-12 April 2016. Fitch Ratings has affirmed all the ratings for Corrections Corporation of America (NYSE. CXW) and has assigned a new 'BBB-'/'RR1' rating to CXW's secured term loan. The Rating Outlook is Stable. A full list of ratings follows at the end of this release. KEY RATING DRIVERS ... STRONG FINANCIAL METRICS ... REIT universe ... --Senior unsecured notes affirmed at 'BB+'/'RR4'....

Fitch Places Kosmos Energy on Rating Watch Negative (Fitch Inc)

Edit Public Technologies 12 Apr 2016
(Source. Fitch Inc). 12 Apr 2016 6.15 AM EST. Fitch Ratings-London-12 April 2016. Fitch Ratings has placed Kosmos Energy Ltd.'s (Kosmos) ratings, including its Long-term Issuer Default Rating of 'B', on Rating Watch Negative (RWN) following the confirmation of damage to its infrastructure at the company's offshore Jubilee oilfield in Ghana ... KEY RATING DRIVERS ... Adequate Reserves ... Senior secured rating of 'B'/ 'RR4' (Recovery Rating) ... Analyst....
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