S&P affirms Airborne Health loan

Standard & Poor's said it affirmed its B bank loan rating and revised its recovery rating on Airborne Health Inc.'s $160 million senior secured term loan B and $20 million senior secured revolving credit facility to 4, indicating expectations of marginal recovery in the event of a payment default, from 5.

The rating action reflects Airborne's continued market penetration in spite of negative publicity surrounding dietary supplements in the preventative cold/cough product class and the fact that competitors continue to enter the market, suggesting that a market for these products will remain, in which Airborne continues to be a major player, the agency noted.

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