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S&P rates MSCI loan BB+
Standard & Poor's said it assigned MSCI Inc.'s amended $1.125 billion term loan B due 2017 a BB+ issue-level rating with a 2 recovery rating, indicating expectations of substantial (70%-90%) recovery.
The outlook is stable.
The ratings on MSCI reflect consistent profitability through the financial industry downturn, good free cash flow and the expectation that continued integration of RiskMetrics will result in positive operating momentum, the agency said.
These factors partially offset an aggressive growth strategy and the resultant temporary spikes in leverage, the agency added.
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