S&P rates Electrical Components loans B

Standard & Poor's said it raised the corporate credit rating on Electrical Components International Inc. to B from D following the company's emergence from Chapter 11 bankruptcy protection.

The outlook is stable.

The agency also assigned a BB- rating and a 1 recovery rating to the $32.5 million tranche A term loan and a B+ rating and a 2 recovery rating to the $145 million tranche B term loan.

Ratings reflect the company's weak business risk profile and highly leveraged financial risk profile following its emergence from bankruptcy, according to the agency.

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