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2242749 Ont Ltd. AIIFF

"2242749 Ontario Ltd is a infrastructure and construction company, combining engineered solutions, relevant advice, dedicated people, products and a national presence with a local focus on exceptional customer service."


GREY:AIIFF - Post by User

Post by RazorSharpon Dec 14, 2012 10:52am
423 Views
Post# 20730628

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According to the definition of ratings, "Junk Bonds".

GUELPH, ON, Dec. 13, 2012 /CNW/ - Armtec Infrastructure Inc. ("Armtec"") (TSX:ARF; ARF.DB) today reported that Standard & Poor's Rating Services has announced that it has changed its long-term corporate credit rating issued for Armtec Holdings Limited, a wholly-owned subsidiary of Armtec, to "B-" from "B" outlook stable.  Standard & Poor's further announced that it has changed its issue-level rating on the 8.875% Senior Unsecured Notes, Series A due September 22, 2017 issued by Armtec Holdings Limited (the "Senior Notes") to "CCC" from "B-", and revised the recovery rating on the Senior Notes to "6" from "5".  For further information, please see the Standard & Poor's website.

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