U.S.-based services company ARAMARK is proposing a two and one-half year extension on $1 billion of its debt maturities. Standard&Poor's views the company's proposal as partially alleviating its significant debt maturities over the next few years. We are affirming all of our existing ratings on ARAMARK, including the 'B+' corporate credit rating, revising the outlook to stable from negative, and assigning our 'BB' rating to the proposed $1 billion extended facilities. The stable outlook reflects our forecast that profitability will grow modestly and credit measures will slowly improve. On Feb. 13, 2012, Standard&Poor's Ratings Services affirmed all the ratings, including the 'B+' corporate credit rating, on Philadelphia-based ARAMARK Corp. and its ultimate parent, ARAMARK Holdings Corp.
