S&P rates Optimas OE notes B-

Standard & Poor’s said it assigned a B corporate credit rating to Optimas OE Solutions Holding LLC, along with a B- rating and 5 recovery rating on its proposed $225 million secured notes.

The 5 recovery rating indicates 10% to 30% expected default recovery.

The outlook is stable.

An expectation for modest revenue growth and stable margins should allow the company to maintain leverage at about 5x, S&P said.

The agency also said it forecasts stability in the automotive end market over the next two years.

But, the company’s business risk profile is considered weak and its financial risk profile is considered highly leveraged, S&P said.

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