S&P puts Aimbridge on negative watch

S&P said it put the ratings for Aimbridge Acquisition Co. Inc. on CreditWatch with negative implications on the company’s merger pact with Interstate Hotels & Resorts.

Terms for the deal haven’t been disclosed.

“The CreditWatch placements reflect uncertainty about Aimbridge's pro forma capital structure and the possibility that the company could have meaningfully higher adjusted leverage than our current forecast. The transaction's terms have not been disclosed, but Aimbridge's history of debt-financed acquisitions is a key risk factor,” S&P said in a press release.

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