On April 26, 2010, U.S. alarm monitoring company PONE announced an agreement to be acquired by a private investor group for $828 million in cash, a deal that will moderately increase the company's leverage. We are removing the ratings from CreditWatch and affirming the 'B+' corporate credit rating on the company. We are also assigning a 'BB' rating to PONE's proposed senior secured credit facility, with a recovery rating of '1'. The stable outlook reflects PONE's relatively stable operating performance during the recent downturn and our expectation of continued free operating cash flow generation. On May 10, 2010, Standard&Poor's Ratings Services affirmed its 'B+' corporate credit rating on Lawrence, Kan.-based alarm monitoring company Protection One Inc. (PONE). This
