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Moody's: U.S. Security positive
Moody's Investors Service said it raised U.S. Security Associates Holdings, Inc.'s outlook to positive from stable and affirmed all its ratings, including the B1 corporate family and probability of default ratings.
Moody's said it also affirmed the $40 million senior secured revolver due May 2012, $109 million senior secured term loan B due 2013 Ba3 and $18 million senior secured acquisition loan due 2013 Ba3(LGD3, 33% from 34%) ratings.
The outlook change reflects considerable improvement in the company's key credit metrics and the expectation that positive trends in fundamentals will continue over the near term, Moody's said.
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