Research Update: SRAM LLC Assigned 'B' Corporate Credit Rating And Stable Outlook - S&P Global Ratings’ Credit Research

Research Update: SRAM LLC Assigned 'B' Corporate Credit Rating And Stable Outlook

Research Update: SRAM LLC Assigned 'B' Corporate Credit Rating And Stable Outlook - S&P Global Ratings’ Credit Research
Research Update: SRAM LLC Assigned 'B' Corporate Credit Rating And Stable Outlook
Published Aug 22, 2008
Published Aug 22, 2008
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Aug. 22, 2008, Standard&Poor's Ratings Services assigned its 'B' corporate credit rating to Chicago-based SRAM LLC. At the same time, we assigned our 'B+' bank loan rating, one notch higher than the corporate credit rating on the company, and '2' recovery rating to its $265 million bank facility. The '2' recovery rating indicates that lenders can expect substantial (70%-90%) recovery in the event of a payment default. The facility consists of a $25 million revolving credit maturing in 2014 and a $240 million term loan maturing in 2014. The outlook is stable. Pro forma for the transaction, total debt outstanding was $350 million as of June 30, 2008. The rating reflects SRAM's high debt leverage, limited liquidity,

  
Report Type:

Research Update

Issuer
GICS
Leisure Products (25202010)
Sector
Global Issuers
Country
Region
Format:
HTML HTML
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Summary: SRAM LLC – 2009/02/24 – US$ 225.00

SRAM LLC – 2009/02/24 – US$ 500.00

Summary: SRAM LLC – 2009/09/01 – US$ 225.00

Summary: SRAM LLC – 2010/03/30 – US$ 225.00

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MLA:
S&P Global Ratings’ Credit Research. "Research Update: SRAM LLC Assigned 'B' Corporate Credit Rating And Stable Outlook" Aug 22, 2008. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-SRAM-LLC-Assigned-B-Corporate-Credit-Rating-And-Stable-Outlook-667000>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: SRAM LLC Assigned 'B' Corporate Credit Rating And Stable Outlook Aug 22, 2008. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-SRAM-LLC-Assigned-B-Corporate-Credit-Rating-And-Stable-Outlook-667000>
  
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