Brief: S&P Reinstates GetBack Rating, Lowers It To D/D

Capitea SA

18/05/2018 07:09

May 18 (Reuters) - GETBACK SA  GBK.WA 
    * SAID ON THURSDAY THAT ON MAY 17 THE S&P GLOBAL RATINGS
(S&P)
REINSTATED ITS 'B/B' LONG- AND SHORT-TERM ISSUER CREDIT RATINGS
ON GETBACK AND LOWERED THEM TO 'D/D'
    * THE RATINGS WERE ON CREDITWATCH WITH NEGATIVE
IMPLICATIONS, AND
SUSPENDED FROM APRIL 24, DUE TO LACK OF INFORMATION  urn:newsml:reuters.com:*:nL8N1S23M0
    * "SINCE WE HAVE RECEIVED ADDITIONAL INFORMATION, WE ARE
REINSTATING OUR 'B/B' ISSUER CREDIT RATINGS ON GETBACK AND
LOWERING THEM TO 'D/D'," S&P SAID IN A STATEMENT
    * "WE LOWERED THE RATINGS TO 'D/D', SINCE WE CONSIDER
GETBACK TO
BE IN A GENERAL DEFAULT, AFTER THE COMPANY CONFIRMED THAT IT HAD
STOPPED SERVICING THE INTEREST AND PRINCIPAL ON OUTSTANDING DEBT
IN FULL," IT ADDED

 Source text for Eikon:  urn:newsml:reuters.com:*:nEM9PB71za
    
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