Research Update: NEWAsurion Corp. And Subs Upgraded To 'B+' From 'B'; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: NEWAsurion Corp. And Subs Upgraded To 'B+' From 'B'; Outlook Stable

Research Update: NEWAsurion Corp. And Subs Upgraded To 'B+' From 'B'; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: NEWAsurion Corp. And Subs Upgraded To 'B+' From 'B'; Outlook Stable
Published Feb 16, 2017
7 pages (2430 words) — Published Feb 16, 2017
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

NEWAsurion Corp.'s substantial and sustained EBITDA growth and 2016 change in ownership structure resulted in lower leverage and an improved overall credit profile. We are upgrading NEWAsurion Corp., Asurion LLC, and Lonestar Intermediate Super Holdings LLC to 'B+' from 'B'. The stable outlook reflects our expectation that NEWAsurion's earnings will grow and its leverage will remain consistent. On Feb. 16, 2017, S&P Global Ratings raised its long-term issuer credit rating on NEWAsurion Corp., Asurion LLC, and Lonestar Intermediate Super Holdings LLC to 'B+' from 'B'. The outlook is stable. At the same time, we raised our senior secured debt ratings on Asurion LLC's senior secured facilities, consisting of a $190 million first-lien revolver, $1.21 billion first-lien term loan B-2, $2.65

  
Brief Excerpt:

...NEWAsurion Corp.'s substantial and sustained EBITDA growth and 2016 change in ownership structure resulted in lower leverage and an improved overall credit profile....

  
Report Type:

Research Update

Issuer
NEWAsurion Corp.
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: NEWAsurion Corp. And Subs Upgraded To 'B+' From 'B'; Outlook Stable" Feb 16, 2017. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-NEWAsurion-Corp-And-Subs-Upgraded-To-B-From-B-Outlook-Stable-1801802>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: NEWAsurion Corp. And Subs Upgraded To 'B+' From 'B'; Outlook Stable Feb 16, 2017. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-NEWAsurion-Corp-And-Subs-Upgraded-To-B-From-B-Outlook-Stable-1801802>
  
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