Asurion has significant leverage and fluctuating credit metrics--resulting in a leveraged balance sheet, which, in addition to the company's financial management strategy, are weaknesses to the rating. Offsetting these weaknesses are Asurion's operating performance, which is a key strength to the rating, as well as its cash generating capabilities. We are assigning our 'B+' counterparty credit rating on Asurion. The outlook is stable, reflecting our view that Asurion will continue to generate good cash flow and will be able to adequately service its debt. NEW YORK (Standard&Poor's) May 16, 2011--Standard&Poor's Ratings Services today said it assigned its 'B+' counterparty credit rating on Nashville, Tenn.-based Asurion Corp. The outlook is stable. At the same time, we assigned
