E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/7/2010 in the Prospect News Bank Loan Daily.

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.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.