CHICAGO (Standard&Poor's) Feb. 15, 2013--Standard&Poor's Ratings Services said today that it assigned its 'BB-' rating to Philadelphia-based ARAMARK Corp.'s proposed $1 billion senior secured term loan D maturing in August of 2019. The recovery rating on the proposed term loan is '2', indicating that lenders could expect substantial (70% to 90%) recovery in the event of a payment default or bankruptcy. At the same time, all of the issue ratings on ARAMARK's existing senior secured debt were lowered to 'BB-' from 'BB' and the recovery ratings were revised to '2' from '1'. In addition, ARAMARK's senior unsecured debt ratings were lowered to 'B-' from 'B', and the recovery ratings were revised to '6' from '5', indicating
