S&P gives MLM B, loan B+

Standard & Poor's said it assigned its B preliminary long-term corporate credit rating to MLM Information Holdings Inc.

The outlook is stable.

At the same time, the agency said it assigned B+ preliminary issue ratings and 2 preliminary recovery ratings to the proposed $150 million senior secured term loan B due 2016 and the proposed $15 million revolving credit facility due 2015.

S&P added that it expects both facilities to be issued by MLM's wholly owned subsidiary MLM Holdings Inc. (Delaware).

"The rating on MLM reflects its view of the company's narrow business profile, moderately high leverage, and expectations of an aggressive financial policy," said S&P credit analyst Philip Schrank, "partly offset by relatively resilient free cash flow generation due its relatively recurring revenue base and solid margins."

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