Fitch Assigns First-Time 'B+(EXP)' IDR to Enterprise Development Authority
February 8, 2021
Fitch Ratings has assigned an expected Issuer Default Rating (IDR) of 'B+(EXP)' to the Enterprise Development Authority (EDA). Fitch also assigned an expected 'BB(EXP)'/'RR2' to EDA's proposed super priority revolving credit facility and secured term loan B. The Rating Outlook is Negative.
The final rating is contingent on the completion of the proposed refinancing and receipt of final documents.
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