SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Loewen Group
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: thomas todd bishop who wrote ()5/14/1999 9:36:00 AM
From: MF  Read Replies (1) of 277
 
Globe says S&P downgrades Loewen

Loewen Group Inc (The) LWN
Shares issued 74,056,090 May 13 close $1.20
Fri 14 May 99 In the News
The Globe and Mail reports in its Friday, May 14, edition that Standard &
Poor's has lowered its corporate credit and senior debt ratings for Loewen
Group and related entities to double-C from triple-C. The Globe's News
Bulletins column reports that S&P says the downgrade comes "as a result of
increased concern about the company's liquidity position; its ability to
refinance an upcoming $300-million (U.S.) debt maturity, and the lack of
additional asset sales since March 31, 1999." The double-C category is the
rating agency's lowest corporate credit rating prior to default and is
reserved for obligations that are at risk of non-payment. The ratings
remain on "CreditWatch" with negative implication, where they were placed
July 22, 1998, says S&P.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News