S&P rates Allied Specialty B+

Standard & Poor's said it assigned a B+ corporate credit rating to Allied Specialty Vehicles Inc.

The outlook is stable.

The ratings reflect a view of the company's business risk profile as weak and financial risk profile as aggressive, S&P said.

The ratings also consider the risk inherent in the rollup of the several individual companies that form Allied Specialty, the agency said, as well as its limited, but demonstrated history of operating as an integrated company.

Some of the company's economies of scale and cost savings appear reasonable, S&P said, even though the company has yet to fully achieve these measures.

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