Fitch affirms Volt

Fitch Ratings said it affirmed Volt Information Sciences, Inc.'s issuer default rating at BB, $42 million senior unsecured facility due February 2013 at BB and $10 million 8.2% secured term loan at BBB-.

The outlook remains negative.

The ratings reflect the effects of the economic downturn on Volt's primary line of business - the staffing services segment, Fitch said.

The company also has delayed filing its financial statements with the Securities and Exchange Commission since the second quarter of 2009 while it reviews certain contracts going back to 2002, the agency said.

Although operational results are improving, Fitch said it believes the negative outlook should be maintained until the company begins filing audited financial statements and certain cash collateral requirements pertaining to its bank facility are removed.

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