S&P ups David's Bridal

Standard & Poor's said it affirmed the B corporate credit rating on David's Bridal Inc.

The agency also said it raised the rating on the company's $340 million term loan B due 2014 to B+ from B and revised the recovery rating on the debt to 2 from 3.

The 2 recovery rating indicates 70% to 90% expected recovery in a default.

The outlook is stable.

The ratings reflect the company's business risk profile assessment as weak and financial risk profile assessment as highly leveraged, S&P 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.