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S&P assigns Arias loan B+
Standard & Poor's said its B+ counterparty credit and senior debt ratings to Arias Acquisitions Inc. and its B+ rating to Arias' $200 million senior credit facility, which consists of a $175 million term loan and a $25 million revolving credit line.
The outlook is stable.
The ratings reflect the company's very highly leveraged capital structure, very limited financial flexibility and low-quality balance sheet, which is due to the large amount of intangibles, S&P noted.
Partially offsetting these negative factors are an experienced management team, which has a proven track record, sustainable competitive advantage and strong operating performance, the agency said.
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