S&P gives AmerCable, loan B-

Standard & Poor's said it assigned its B- corporate credit rating to AmerCable Inc.

The outlook is stable.

At the same time, the agency said it assigned its B- bank loan rating and 3 recovery rating to AmerCable's proposed $135 million senior secured term loan.

According to S&P, the ratings on AmerCable reflect the company's relatively small size and limited scope of operations, cyclical end-markets aggressive financial leverage and very thin cash flow while the ratings also reflect a high component of maintenance, repair and overhaul revenue and low capital requirements.

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