AAF-McQuay Put on S&PWatch Developing.NEW YORK--(BUSINESS WIRE)--Standard & Poor's CreditWire 10/19/98 -- Standard & Poor's today placed its double-'B'-minus corporate credit and single-'B'-plus senior unsecured debt Unsecured debt Debt that does not identify specific assets that the debtholder is entitled to in case of default. ratings on AAF-McQuay Inc. on CreditWatch with developing implications, meaning the ratings could be raised, lowered, or affirmed af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. . The CreditWatch placement follows the announcement that AAF-McQuay management has appointed BancAmerica Robertson Rob·ert·son , Oscar Palmer Born 1938. American basketball player. As a guard for the Cincinnati Royals, he became in 1962 the only player in National Basketball Association history to average in double figures in scoring, rebounding, and assists. Stephens as its financial advisor to pursue a sales process A sales process is a systematic approach for performing product or service sales. The reasons for having a sales process include seller and buyer risk management, achieving standardized customer interaction in sales and scalable revenue generation. , which may or may not result in sale of the company. AAF-McQuay decided to take this action after being approached by interested parties. Standard & Poor's will resolve the CreditWatch listing once management makes a decision on the future of the company, which could come in early November, Standard & Poor's said. -- CreditWire |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion