Aramark Services, Inc. http://www.alacrastore.com/company-snapshot/Aramark_Services_Inc-2534671 Wednesday, October 08, 2008 4:41:51 AM 2534671 Aramark Services, Inc. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/673149spcred/673149normThe latest News from S&Pglobal9/24/2008 6:28:38 PM100News673149United StatesUnited StatesGlobal IssuersFinancial InstitutionsCorporationsRetailNewsNEW YORK (Standard&Poor's) Sept. 24, 2008--Standard&Poor's Ratings Services said today that it revised its outlook on ARAMARK Corp. to positive from stable. At the same time, we affirmed our ratings on ARAMARK, including the 'B+' corporate credit rating. The outlook revision reflects ARAMARK's good operating performance that has led to improved credit measures and a substantial liquidity position, despite current economic challenges. Philadelphia, Pa.–based ARAMARK had about $5.9 billion of debt as of June 27, 2008. The ratings on ARAMARK continue to reflect its highly leveraged financial profile and significant cash flow requirements to fund interest and capital expenditures. ARAMARK's good position in the competitive, fragmented markets for food and support services, and uniform and careerUSA76969D03852103852220201070 202010 2020 20ARAMARK Corp.100007USA2387ZNEWSGLOBISSFICORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/673150spcred/673150normThe latest Research Update from S&Pglobal9/24/2008 6:28:00 PM175Research Update673150United StatesUnited StatesGlobal IssuersCorporationsFinancial InstitutionsRetailResearch UpdateOn Sept. 24, 2008, Standard&Poor's Ratings Services revised its outlook on ARAMARK Corp. to positive from stable. At the same time, we affirmed our ratings on ARAMARK, including the 'B+' corporate credit rating. The outlook revision reflects ARAMARK's good operating performance that has led to improved credit measures and a substantial liquidity position, despite current economic challenges. Philadelphia, Pa.–based ARAMARK had about $5.9 billion of debt as of June 27, 2008. The ratings on ARAMARK continue to reflect its highly leveraged financial profile and significant cash flow requirements to fund interest and capital expenditures. ARAMARK's good position in the competitive, fragmented markets for food and support services, and uniform and career apparel somewhat mitigate these factors. These positionsUSA76969D03852103852220201070 202010 2020 20ARAMARK Corp.100007USA2387ZRESUPDGLOBISSCORPFIRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/410373_pr_framefitch/410373_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.ARAMARK CorporationAramark Services, Inc.80091274803618043/10/2008 2:12:00 PM010300000103160085Press Release410373_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/127790_report_framefitch/127790_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.80361804150Aramark Services, Inc.3/5/2008 2:25:41 PM80091274Credit Update0103160001030000127790_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/630436spcred/630436normThe latest Full Report from S&P2/12/2008 6:48:47 PMFull Report400global630436United StatesDiversified Commercial & Professional ServicesUnited StatesGlobal IssuersFinancial InstitutionsCorporationsRetailFull ReportLeading position within two business lines; Customer diversification, and some geographic diversification; and Relatively stable revenues and cash flows. Significant debt burden; Significant cash flow requirements to fund interest and capital expenditures; Aggressive growth strategy; and Highly competitive and fragmented industry conditions. The ratings on Philadelphia–based ARAMARK Corp. continue to reflect its highly leveraged financial profile and significant cash flow requirements to fund interest and capital expenditures. These factors are somewhat mitigated by ARAMARK's good position in the competitive, fragmented markets for food and support services and uniform and career apparel. These positions translate into a sizable stream of recurring revenues and healthy cash flow generation. ARAMARK enjoys the relatively stable cash flows that result from the company's leading (althoughUSA03852203852120201030 202010 2020 20ARAMARK Corp.100007USA2387ZFULLGLOBISSFICORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/630438spcred/630438normThe latest Summary from S&P2/12/2008 6:48:47 PMSummary175global630438United StatesDiversified Commercial & Professional ServicesUnited StatesGlobal IssuersFinancial InstitutionsCorporationsRetailSummaryThe ratings on Philadelphia–based ARAMARK Corp. continue to reflect its highly leveraged financial profile and significant cash flow requirements to fund interest and capital expenditures. These factors are somewhat mitigated by ARAMARK's good position in the competitive, fragmented markets for food and support services and uniform and career apparel. These positions translate into a sizable stream of recurring revenues and healthy cash flow generation. ARAMARK enjoys the relatively stable cash flows that result from the company's leading (although not dominant) positions in two core business lines: food and support services, and uniform and career apparel. The company's portfolio provides wide diversification by customer, even though about 15% of ARAMARK's revenues were derived from business with various U.S. federal, state, andUSA03852203852120201030 202010 2020 20ARAMARK Corp.100007USA2387ZSUMMARYGLOBISSFICORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/630214spcred/630214normThe latest News from S&P2/11/2008 3:33:06 PMNews100global630214United StatesDiversified Commercial & Professional ServicesUnited StatesGlobal IssuersFinancial InstitutionsCorporationsRetailNewsNEW YORK (Standard&Poor's) Feb. 11, 2008--Standard&Poor's Ratings Services said today it affirmed its 'B+' corporate credit rating on ARAMARK Corp. At the same time, Standard&Poor's raised its rating on ARAMARK's senior secured debt to 'BB' (two notches above the corporate credit rating on ARAMARK), from 'BB-'. The recovery rating was changed to a '1', indicating the expectation for very high (90%-100%) recovery in the event of a payment default, from '2'. The outlook is stable. ARAMARK had approximately $5.9 billion of debt outstanding as of Dec. 28, 2007. "The rating actions reflect improved recovery prospects on the credit facilities following ARAMARK's approximately $400 million in voluntary prepayments during fiscal 2007," said Standard&Poor'sUSA03852203852120201030 202010 2020 20ARAMARK Corp.100007USA2387ZNEWSGLOBISSFICORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/630215spcred/630215normThe latest Research Update from S&P2/11/2008 3:33:06 PMResearch Update175global630215United StatesDiversified Commercial & Professional ServicesUnited StatesGlobal IssuersFinancial InstitutionsCorporationsRetailResearch UpdateOn Feb. 11, 2008, Standard&Poor's Ratings Services affirmed its 'B+' corporate credit rating on ARAMARK Corp. At the same time, we raised our rating on ARAMARK's senior secured debt to 'BB' (two notches above our corporate credit rating on ARAMARK), from 'BB-'. The recovery rating was changed to a '1', indicating the expectation for very high (90%-100%) recovery in the event of a payment default, from '2'. The upgrade on the senior secured debt rating reflects improved recovery prospects on the credit facilities following ARAMARK's approximately $400 million in voluntary prepayments during fiscal 2007. The outlook is stable. ARAMARK had approximately $5.9 billion of debt outstanding as of Dec. 28, 2007. The ratings on Philadelphia–based ARAMARK continue toUSA03852203852120201030 202010 2020 20ARAMARK Corp.100007USA2387ZRESUPDGLOBISSFICORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_126116_815007125moodys/PR_126116_815007125htmlRating Action12/21/2007 6:00:23 PMGlobal Credit Research Rating Action ## JAN #### Rating Action: ARAMARK Corporation (Newco) Moody's rates ARAMARK's revised LBO financing (B# CFR) Approximately $#.# billion of rated debt securities affected New York, January ##, ####...ARAMARK Corporation (Newco)815007125150.00Newshtml8050Aramark Corporation (Old)8000ARAMARK Services, Inc.ARAMARK Corporation (Newco); Aramark Corporation (Old); ARAMARK Services, Inc.PR_126116_815007125Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_125688_815007125moodys/PR_125688_815007125htmlRating Action12/21/2007 6:00:16 PMGlobal Credit Research Rating Action # JAN #### Rating Action: ARAMARK Corporation (Newco) Moody's rates ARAMARK's proposed LBO financing (B# CFR) Approximately $#.# billion of rated debt securities affected New York, January ##, ####...ARAMARK Corporation (Newco)815007125150.00Newshtml8050Aramark Corporation (Old)8000ARAMARK Services, Inc.ARAMARK Corporation (Newco); Aramark Corporation (Old); ARAMARK Services, Inc.PR_125688_815007125Credit & Investment ResearchMoody's Global Credit Research