E2Open, the supply chain software provider that is going public through a merger with a special purpose acquisition company (SPAC), has been given a B rating on its new debt from S&P Global Ratings.
A B rating is not investment-grade. It is roughly halfway down the scale between the strongest non-investment grade rating of BB+ and the bottom rating. (The rating below that is D, which means a company has defaulted. The highest rating at S&P is AAA, carried by only two companies in the U.S.,...
https://s29755.pcdn.co/news/e2open-about-to-go-public-through-a-spac-gets-b-rating-from-sp-global