S&P rates Hudson loan B-

Standard & Poor's said it affirmed the B- corporate credit rating on Hudson Products Holdings Inc., and assigned a B- rating to its $190 million first-lien term loan with a recovery rating of 3.

The 3 recovery rating indicates a 50% to 70% expected recovery in a default.

The outlook is stable.

The ratings reflect the company's vulnerable business risk and highly leveraged financial risk, S&P said.

The ratings also consider the company's exposure to cyclical and competitive end markets, limited scale of operations and relatively small size, the agency said.

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