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Prospect News home > News index > List of issuers M > Headlines for MLM Information Services Holdings Inc. > News item |
S&P rates MLM loans B+
Standard & Poor's said it assigned a B long-term corporate credit rating to MLM Information Services Holdings Inc. and B+ issue ratings and 2 recovery ratings to the $150 million senior secured term loan B due 2016 and the $15 million revolving credit facility due 2015.
Both facilities are issued by MLM's wholly owned subsidiary MLM Holdings Inc. (Delaware).
The outlook is stable.
The rating on MLM reflects our view of the company's narrow business profile, moderately high leverage and expectations of an aggressive financial policy, partly offset by relatively resilient free cash flow generation due its relatively recurring revenue base and solid margins, S&P said.
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