|
|
Article: Fitch Ratings Comments on Covanta Chapter 11 Filing.
- Article from:
- Business Wire
- Article date:
- April 11, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
NEW YORK & CHICAGO--(BUSINESS WIRE)--April 11, 2002
Fitch Ratings continues its monitoring and review of the documents associated with the April 1, 2002 bankruptcy filing of Covanta Energy Corp. (Covanta) and various of its wholly owned subsidiaries. The bankruptcy court issued an interim order that allows Covanta and certain of its debtor subsidiaries included in the Chapter 11 filing, to continue to pay debt service, as well as maintain normal operations, pay critical vendors, and receive operating fees. Fitch remains concerned that the creditor's committee may request changes to the debtor-in-possession (DIP) financing that could be ...