| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers K > Headlines for Keystone Acquisition Corp. > News item |
S&P: Keystone Acquisition B, facilities B, CCC+
S&P said it assigned a B corporate credit rating to Keystone Acquisition Corp. (KePRO).
The outlook is stable.
The agency also assigned a B issue-level rating and 3 (65%) recovery rating to the company's planned $25 million revolver due 2022 and $205 million first-lien term loan due 2024.
At the same time, S&P assigned a CCC+ issue-level rating and 6 (0%) recovery rating to the planned $100 million second-lien term loan due 2025.
"The B rating on KePRO is based on our assessments of the company's business risk profile as weak and financial risk profile as highly leveraged," S&P credit analyst Rumisiene said in a news release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.