Fairchild Corp & Unit's Ratings Withdrawn,Off S&PWatch.NEW YORK--(BUSINESS WIRE)--Standard & Poor's CreditWire 2/6/98-- Standard & Poor's today withdrew its single-'B'-plus corporate credit and single-'B'-minus subordinated debt Subordinated Debt A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known as "junior security" or "subordinated loan".Notes: In the case of default, creditors with subordinated debt wouldn't get paid out until after the senior debtholders were paid in full. Therefore, subordinated debt is more risky than unsubordinated debt. ratings of Fairchild Corp., and its single-'B'-minus subordinated debt rating of RHI RHI - Radar Height IndicatorRHI - Range Height Indicator RHI - Relativistic Heavy Ion RHI - Rhinelander, WI, USA - Rhinelander Oneida County Airport (Airport Code) RHI - Rick Hanson Institute RHI - Risk Hazard Index RHI - Robert Half International RHI - Roller Hockey International RHI - Rotary House International (Houston, Texas) RHI - Rural Housing Institute Holdings Inc., a wholly owned subsidiary. All ratings are removed from CreditWatch where they were placed on Oct. 22, 1997. The action follows the redemption by Fairchild of all publicly rated debt issues. -- CreditWire CONTACT: Roman Szuper, 212/208-8856 For more information on criteria or subscriptions: http://www.ratings.standardpoor.com |
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