Fitch Affirms EXXI Gulf Coast At 'B+'; Downgrades EXXI Bermuda To 'B'; Rates Convertible Notes 'B'
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has taken the following ratings actions: Energy XXI (EXXI) Gulf Coast (Delaware): --Issuer Default Rating (IDR) affirmed at 'B+'; --Senior secured revolver affirmed at 'BB+/RR1'; --Senior unsecured notes affirmed at 'B+/RR4'. Energy XXI (Bermuda): --IDR downgraded to 'B' from 'B+'; --Convertible perpetual preferreds downgraded to 'CCC+/RR6' from 'B-/RR6 ... Read News
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Fitch Rates Western Union's Proposed Senior Unsecured Notes Offering 'BBB+'
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BBB+' rating to The Western Union Company's (Western Union) proposed $250 million, 5.5-year senior unsecured note offering. Proceeds from the offering will be used for general corporate purposes, including repayment of indebtedness. Fitch expects proceeds will effectively refinance a portion of the company's $500 million 6.5% senior ... Read News
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Fitch Rates Chicago Midway Airport's (IL) Second Lien Revs 'A-'; Outlook Stable
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A-' rating to the city of Chicago (the city), Midway International Airport's (Midway) approximately $326 million second lien revenue bonds series 2013ABC and $660 million series 2014A-C. In addition, Fitch has also affirmed its 'A' rating on approximately $743.9 million in outstanding first lien airport revenue bonds and its 'A-' rating on ... Read News
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