S&P: Aricent loans B, CCC+

Standard & Poor's said it assigned a B corporate credit rating to Aricent Technologies.

The agency also assigned a B+ rating with a recovery rating of 2 to the company's $555 million first-lien facilities, consisting of a $75 million senior secured revolving credit facility due 2019 and a $480 million first-lien term loan due 2021.

The 2 recovery rating indicates 70% to 90% expected default recovery.

S&P also said it assigned a CCC+ rating with a recovery rating of 6 to its $195 million second-lien term loan due 2022. The 6 recovery rating indicates 0 to 10% expected default recovery.

The outlook is stable.

The ratings reflect the company's weak business risk profile and highly leveraged financial risk profile, S&P said.

The ratings also consider its mostly flat revenues in recent years and modest scale and market share in the highly competitive global business process outsourcing (BPO) industry, the agency said.

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