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S&P rates K2 Pure loan B
Standard & Poor's said it assigned a B rating to K2 Pure Solutions NoCal LP's $121.5 million senior secured term loan maturing in 2015. The recovery rating is 2, indicating 70% to 90% recovery in a default.
The outlook is stable.
The project is indirectly owned by K2 Pure Solutions, which is indirectly owned by Centre Partners and K2's executive management team, S&P said.
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