U.S. outsourcing firm Inmar has obtained credit facilities totaling $240 million and is using the proceeds to retire existing debt and pay a dividend to equityholders. We expect stable operating trends in the near term and for Inmar to reduce debt with free cash flow. After reviewing final documents, we are assigning a 'B+' corporate credit rating to Inmar and a 'B+' issue-level rating and '4' recovery rating to the credit facilities. The stable outlook reflects our expectations that Inmar will increase profits moderately in the near term, reduce debt with free cash flow, and enhance credit protection measures. On Aug. 23, 2011, Standard&Poor's Ratings Services assigned its 'B+' corporate credit rating to Winston-Salem, N.C.-based Inmar Inc. The
