CHICAGO--(BUSINESS WIRE)--Fitch Ratings downgrades the senior secured series 2010-1 notes issued by Lancer Finance Company Ltd to 'D' from 'C' following the recent missed payment of scheduled interest due in August 2015. The Recovery Estimate (RE) is revised to 'RE20' from 'RE100'. The outstanding balance of the notes is approximately $42 million. The notes currently benefit from a naval mortgage on the vessel S.C. Lancer, a dynamically positioned drilling unit that until April 2015 was operati
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