ARAMARK 'B+' Rating Outlook Revised To Stable From Negative On $1B Extension; Extended Facilities Rated - S&P Global Ratings’ Credit Research

ARAMARK 'B+' Rating Outlook Revised To Stable From Negative On $1B Extension; Extended Facilities Rated

ARAMARK 'B+' Rating Outlook Revised To Stable From Negative On $1B Extension; Extended Facilities Rated - S&P Global Ratings’ Credit Research
ARAMARK 'B+' Rating Outlook Revised To Stable From Negative On $1B Extension; Extended Facilities Rated
Published Feb 13, 2012
1350 words — Published Feb 13, 2012
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

U.S.-based services company ARAMARK is proposing a two and one-half year extension on $1 billion of its debt maturities. Standard&Poor's views the company's proposal as partially alleviating its significant debt maturities over the next few years. We are affirming all of our existing ratings on ARAMARK, including the 'B+' corporate credit rating, revising the outlook to stable from negative, and assigning our 'BB' rating to the proposed $1 billion extended facilities. The stable outlook reflects our forecast that profitability will grow modestly and credit measures will slowly improve. CHICAGO (Standard&Poor's) Feb. 13, 2012--Standard&Poor's Ratings Services today affirmed all the ratings, including the 'B+' corporate credit rating, on Philadelphia-based ARAMARK Corp. and its ultimate parent,

  
Brief Excerpt:

RESEARCH ARAMARK 'B+' Rating Outlook Revised To Stable From Negative On $1B Extension; Extended Facilities Rated Publication date: 13-Feb-2012 Primary Credit Analyst: Jerry Phelan, CFA, Chicago (1) 312-233-7031; gerald_phelan@standardandpoors.com...

  
Report Type:

Ratings Action

Issuer
Aramark
GICS
Restaurants (25301040)
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
Format:
HTML HTML
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ARAMARK Holdings Corp. – 2012/04/13 – US$ 500.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "ARAMARK 'B+' Rating Outlook Revised To Stable From Negative On $1B Extension; Extended Facilities Rated" Feb 13, 2012. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/ARAMARK-B-Rating-Outlook-Revised-To-Stable-From-Negative-On-1B-Extension-Extended-Facilities-Rated-937070>
  
APA:
S&P Global Ratings’ Credit Research. (). ARAMARK 'B+' Rating Outlook Revised To Stable From Negative On $1B Extension; Extended Facilities Rated Feb 13, 2012. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/ARAMARK-B-Rating-Outlook-Revised-To-Stable-From-Negative-On-1B-Extension-Extended-Facilities-Rated-937070>
  
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