Credit Rating
Ratings represent an evaluation of credit quality, conducted by independent financial analysis firms. Credit ratings and research can help investors assess marketplace value and degree of investment risk.
Standard & Poor’s (S&P) and Moody’s are leading global credit rating, research and risk analysis operations.
| Rating Agency | Long Term | Short Term |
|---|---|---|
| Moody’s | Ba2 | N/A |
| Standard and Poor’s | BB- | B |
Listed debt
Below are details of CWC’s listed debt (debt quoted and traded on stock exchanges). Like most large organisations, CWC funds its operations through equity and debt as well as from funds generated its trading activities. This information is provided for debt/fixed income investors, analysts and credit rating agencies.
| US Dollar | ISIN | Outstanding | Coupon | Freq. | Maturity | Listing |
|---|---|---|---|---|---|---|
| Secured 20201 | USG77636AA91 | $400m | 8.75% | S/A | 1 Feb 2020 | London |
| Unsecured 20212 | USP2894NAC13 | $1,250m | 7.375% | S/A | 30 Mar 2021 | Luxembourg Frankfurt |
| Unsecured 20221 | USG77636AB74 | $750m | 6.875% | S/A | 1 Aug 2022 | – |