S&P: TravelClick view stable

Standard & Poor's said it revised the outlook on its B corporate credit rating on TravelClick Inc. to stable from negative.

At the same time, S&P raised the recovery rating on the company's $195 million term loan and $20 million revolving credit facility, both due 2016, to 3 from 4.

The B issue level rating on the facilities remains unchanged.

"The outlook revision reflects our expectation that the covenant cushion expanded in the fourth quarter of 2012, as a weak 2011 fourth quarter rolled off, and that the company is likely to maintain adequate covenant headroom through 2013," S&P credit analyst Christian Frank said in a news release. "This follows a covenant cushion that was below 10% at Sept. 30, 2012."

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