S&P ups Hunter Fan loan to BB-

Standard & Poor's said it affirmed its corporate credit rating on Hunter Fan Co. at B.

The outlook is stable.

At the same time, the agency raised the issue-level rating on the $133 million first-lien credit facility (which consists of a $100 million term loan and $33 million revolving credit facility) due 2017 to BB- from B+. The recovery rating for the facility is 1, reflecting an expectation for very high (90% to 100%) recovery in the event of payment default.

S&P also affirmed the CCC+ issue-level rating on Hunter's $55 million second-lien term loan due 2018. The recovery rating is unchanged at 6, reflecting an expectation for negligible (0% to 10%) recovery in the event of payment default.

S&P said the ratings on Hunter reflect its view of its "highly leveraged" financial risk profile and "weak" business risk profile.

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