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The upside rating momentum covers the B- rating on Terremark's USD470m senior secured notes and the CCC rating on its USD75m senior notes, which Verizon plans to refinance.
A Fitch Ratings guide says a CCC rating means that "default is a real possibility.
The CCC rating (extremely vulnerable) was assigned to 21 companies, including the inappropriately named Reliable Life Insurance Co.
12 September 2011 - S&P on FRiday pulled its CCC+ rating on Wolf Hollow I LP's USD260m (EUR191m) senior secured bank facility and its CCC rating on the company's USD110m second-lien term loan.
M2 EQUITYBITES-July 14, 2011--Greece gets CCC rating from Fitch(C)2011 M2 COMMUNICATIONS http://www.