S&P rates Ancestry.com loans B+, notes CCC+

Standard & Poor's said it assigned Ancestry.com its B preliminary corporate credit rating. The outlook is stable.

At the same time, the agency said it assigned Ancestry.com's proposed $720 million senior secured credit facilities a preliminary issue-level rating of B+. The preliminary recovery rating is 2, indicating an expectation for substantial recovery for lenders in the event of a payment default.

The agency said it also assigned Ancestry.com's proposed $300 million senior unsecured notes due 2020 a preliminary issue-level rating of CCC+. The preliminary recovery rating is 6, indicating an expectation for negligible recovery for lenders in the event of a payment default.

"The B preliminary rating reflects the company's aggressive financial profile and narrow business focus," said S&P credit analyst Daniel Haines in a news release.

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