NEW YORK (Standard&Poor's) July 13, 2007--Standard&Poor's Ratings Services said today that its 'B+' corporate credit rating and negative outlook on Protection One Alarm Monitoring Inc. (POAMI; B+/Negative/--) would not currently be affected by the registration statement recently filed by Protection One Inc., POAMI's parent company and a guarantor to its debt obligations. According to the preliminary terms of the registration statement, Protection One may sell up to $172.5 million of common shares, a portion of which would be sold by existing shareholders. The company has indicated that it intends to use all of the net proceeds it receives from the sale of primary shares to repurchase or redeem a portion of its $110.3 million of 8.125%
