Luxembourg-based auxiliary components business Alison LuxCo S.a.r.l. (Alison; the top holding company of Arvos Group) has a weak business risk profile and highly leveraged financial risk profile, according to our assessment. Through Alison, the private equity firm Triton has raised €430 million of debt to finance the takeover of Alison from Alstom S.A. We are assigning our 'B' long-term rating to Alison. The stable outlook reflects our opinion that Alison will likely continue to generate positive free operating cash flow over 2015-2016. FRANKFURT (Standard&Poor's) Dec. 15, 2014--Standard&Poor's Ratings Services today assigned its 'B' long-term corporate credit rating to Luxembourg-based auxiliary components business Alison LuxCo S.a.r.l. (Alison). The outlook is stable. At the same time, we assigned:
