S&P affirms Bureau Van Dijk on tap issue

S&P said it affirmed the B long-term corporate credit rating on Yellow Maple Holding BV, the ultimate parent of global business publisher Bureau Van Dijk Electronic Publishing.

The outlook is stable.

The agency also said it affirmed the B rating on Bureau Van Dijk's €25 million senior secured revolving credit facility due 2021 and its €679 million outstanding under the senior secured term loan B due 2021, which includes the proposed tap issuance of up to €150 million.

The recovery rating is 3, indicating 50% to 70% expected default recovery.

S&P also said it affirmed the CCC+ rating on the company's proposed second-lien term loan due March 2022.

The recovery rating on this loan is 6, indicating 0 to 10% expected default recovery.

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

The ratings also consider the company's strong market position as the owner of one of the most complete databases for business information of private companies, the agency said, along with its broad offering of products and diverse client base.

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