S&P: Stallion Oilfield loan B

Standard & Poor's said it assigned issue-level and recovery ratings to Stallion Oilfield Holdings Inc.'s $500 million senior secured term loan facility due 2017.

The assigned issue rating on the term loan is B. The recovery rating on this debt is 3, indicating an expectation of meaningful recovery in the event of default.

S&P said the ratings on Stallion Oilfield Holdings Inc. reflect its assessment of the company's vulnerable business risk and aggressive financial risk. The ratings incorporate the company's participation in the highly cyclical North American oilfield services market and the company's relatively small scale.

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