S&P gives AmeriCast B, notes B-

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

Additionally, S&P said it assigned its B- rating to AmeriCast's proposed issuance of $100 million of senior unsecured notes due 2014.

The outlook is stable.

The agency added that the senior unsecured notes will be used to finance the acquisition of the company by equity sponsor Castle Harlan and its associates.

S&P said that the ratings on AmeriCast reflect both a highly leveraged financial profile, due to the leveraged acquisition of the company, and the company's market position in the fragmented and highly cyclical U.S. foundry industry.

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