S&P rates Jason loan B+

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

The outlook is stable.

At the same time, S&P assigned its B+ issue-level rating to the company's proposed $260 million senior secured credit facility, which comprises a $225 million senior secured term loan and a $35 million revolver. The recovery rating on the senior secured facilities is 3.

"Standard & Poor's ratings on Jason reflect our assessment of the company's 'weak' business risk profile and 'aggressive' financial risk profile," S&P credit analyst Svetlana Olsha said in a news release.

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