S&P Signals High-Grade Rating on EA Bonds, Risking Debtor Payout
S&P Global Ratings has signaled to some investors privately that it may grant a high-grade rating to $1.5 billion of Electronic Arts bonds, a move that would effectively block debt...
By Gowri Gurumurthy, Reshmi Basu · Bloomberg Markets
S&P Global Ratings has signaled to some investors privately that it may grant a high-grade rating to $1.5 billion of Electronic Arts bonds, a move that would effectively block debt investors from a lucrative buyout premium.