S&P affirms infoUSA

Standard & Poor's said it affirmed its ratings on infoUSA Inc., including the BB corporate credit and senior unsecured debt ratings, and removed the ratings from CreditWatch where they were placed on June 14.

S&P noted the CreditWatch removal reflects the announcement by the company's board of directors it has dissolved the special committee of directors that was formed to review the previously announced offer to take infoUSA private by Vin Gupta & Co. LLC.

The ratings affirmation reflects the company's financial profile, which remains good for the ratings level, the agency added, noting infoUSA had about $215 million in lease-adjusted debt outstanding and lease-adjusted total debt to EBITDA of 2.5 times as of June.

The ratings reflect infoUSA's moderate-size operating cash flow base, its narrow product set and competitive market conditions, including competition from other data services providers with greater financial resources, S&P said.

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