NewAsurion Corp. is issuing $550 million of senior unsecured debt at its intermediate holding company Lonestar Intermediate Super Holdings LLC to fund an equity tender offer. We are affirming our 'B' corporate credit rating on NEWAsurion and its subsidiaries Lonestar and Asurion LLC; the outlook remains positive. At the same time we are revising our recovery rating on Asurion LLC's first-lien credit facility to '2L' from '3H' resulting in our raising the issue-level rating to 'B+' from 'B'. We are rating Lonestar's proposed senior unsecured debt 'CCC+' with a '6' recovery rating. The positive outlook reflects our expectations that NEWAsurion's continued earnings growth and change in ownership structure will result in an improved overall credit profile. On Aug. 10, 2016,
