AIG Life Holdings, Inc. — backed senior unsecured debt Baa1, backed
junior subordinated debt Baa2 (hyb);
Not exact matches
A Bureau credit instrument can be
junior (i.e.,
subordinate) to the project's other
debt obligations in the priority of its lien on the project's cash flow.
Senior
debt is paid first, then
junior (
subordinated)
debt, and stockholders get whatever is left over.
Holders of senior
debt secured by a claim to assets of the company will be first in line, followed by
junior /
subordinated debt holders, followed by preferred stockholders, and finally those holding common stock.