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S&P affirms Learning Care
Standard & Poor's said it affirmed its CCC+ corporate credit rating on Learning Care Group (US) Inc.
The outlook is negative.
Pro forma total debt was $312 million as of Dec. 31, the agency noted.
S&P said it also assigned subsidiary Learning Care Group (US) No. 2 Inc.'s proposed 144A issuance of $265 million of senior secured notes due 2015 its issue-level rating of CCC+. It also assigned the proposed notes a recovery rating of 4.
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