NEW YORK (Standard&Poor's) July 12, 2007--Standard&Poor's Ratings Services said today that it assigned its 'B' corporate credit rating to Westlake, Ohio-based Hyland Software Inc., a provider of enterprise content management (ECM) software solutions. The outlook is positive. "At the same time, we assigned our 'BB-' bank loan rating and '1' recovery rating to the company's proposed $100 million, first-priority senior secured bank facility, which will consist of a $80 million term loan due 2013 and a $20 million revolving credit facility due 2012, indicating that lenders can expect very high (90%-100%) recovery in the event of payment default," said Standard&Poor's credit analyst David Tsui. We assigned our 'CCC+' bank loan rating, with a recovery
