NEW YORK (Standard&Poor's) March 19, 2008--Standard&Poor's Ratings Services said today that its corporate credit ratings on Lawrence, Kan.-based Protection One, Inc. (PONE) (B+/Negative/--) are not affected by the company's announcement that it has closed on a new senior unsecured term loan, which will be used to fully redeem its outstanding 8 1/8% senior subordinated notes due 2009. The financing is a positive development for PONE, because it avoids a potential acceleration of its senior secured facilities were the issue not refinanced by June 30, 2008. The negative outlook remains unchanged, however, because PONE must still demonstrate its ability to stabilize attrition on its acquired monitoring contracts, as well as the attrition within its legacy network multifamily
