American Rock Salt Co. LLC, a leading producer of rock and highway deicing salt in North America, closed on its $40 million revolving credit facility, $300 million term loan B, and $175 million second-lien notes. We are assigning a 'B' corporate credit rating to the company. We're also assigning a 'B+' issue-level rating and a '2' recovery rating to the company's term loan and a 'CCC+' issue-level rating and a '6' recovery rating to the company's notes. The stable rating outlook reflects our expectation that the company's profitability and credit measures will improve in the near term because of improved pricing on the company's largely contracted salt production and better cost management. NEW YORK (Standard&Poor's) June 23, 2011--Standard
