Relatively stable revenues and cash flows; Good customer and moderate geographic diversification; and Satisfactory market position, particularly in food and support services. Very aggressive financial policy; Weak cash flow measures; Highly leveraged capital structure requiring significant cash flow to fund interest expense as well as meaningful capital expenditures; and Highly competitive and fragmented industry conditions. The ratings on ARAMARK Holdings Corp. (Holdings), the ultimate parent company of ARAMARK Corp., reflect Standard&Poor's Ratings Services' view that the company's financial risk profile will remain "highly leveraged," including a very aggressive financial policy, continued high debt maturities, and considerable cash flow required to fund capital expenditures and pay interest costs. Although we believe the company has the capacity to meaningfully reduce
