Netherlands-based food and beverage vending services operator Selecta Group B.V. (Selecta) has refinanced its existing term debt. We assess Selecta as having a "highly leveraged" financial risk profile and "fair" business risk profile. We are therefore assigning our 'B+' long-term corporate credit rating to Selecta, and our 'B+' and 'BB' issue ratings to the new debt instruments. The stable outlook reflects our view that in the short term, Selecta will continue to prudently manage its cost base, thereby preserving its current profit margin and maintaining credit metrics that are commensurate with the current ratings. LONDON (Standard&Poor's) July 16, 2014--Standard&Poor's Ratings Services today assigned its 'B+' long-term corporate credit rating to Netherlands-based food and beverage vending services
