Research Update: Tempo Acquisition LLC Assigned 'B' Corporate Credit Rating On Buyout By The Blackstone Group; Debt Ratings Assigned - S&P Global Ratings’ Credit Research

Research Update: Tempo Acquisition LLC Assigned 'B' Corporate Credit Rating On Buyout By The Blackstone Group; Debt Ratings Assigned

Research Update: Tempo Acquisition LLC Assigned 'B' Corporate Credit Rating On Buyout By The Blackstone Group; Debt Ratings Assigned - S&P Global Ratings’ Credit Research
Research Update: Tempo Acquisition LLC Assigned 'B' Corporate Credit Rating On Buyout By The Blackstone Group; Debt Ratings Assigned
Published Apr 07, 2017
8 pages (2858 words) — Published Apr 07, 2017
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Tempo Acquisition LLC (formerly known as Aon Hewitt), a provider of business process outsourcing services (BPO) primarily in the U.S., is being acquired by The Blackstone Group from Aon plc for about $4.3 billion. We are assigning our 'B' corporate credit rating to Tempo. The outlook is stable, reflecting our expectation that Tempo will be able to able to support its debt burden with stable to improving operating performance over the next 12 months. On April 7, 2017, S&P Global Ratings assigned its 'B' corporate credit rating to Lincolnshire, Ill.-based Tempo Acquisition LLC. The outlook is stable. At the same time, we assigned our 'B' issue-level rating and '3' recovery rating to the company's proposed $250 million secured revolving credit

  
Brief Excerpt:

...Tempo Acquisition LLC (formerly known as Aon Hewitt), a provider of business process outsourcing services (BPO) primarily in the U.S., is being acquired by The Blackstone Group from Aon plc for about $4.3 billion....

  
Report Type:

Research Update

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Global Issuers
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Tempo Acquisition LLC Assigned 'B' Corporate Credit Rating On Buyout By The Blackstone Group; Debt Ratings Assigned" Apr 07, 2017. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Tempo-Acquisition-LLC-Assigned-B-Corporate-Credit-Rating-On-Buyout-By-The-Blackstone-Group-Debt-Ratings-Assigned-1828619>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Tempo Acquisition LLC Assigned 'B' Corporate Credit Rating On Buyout By The Blackstone Group; Debt Ratings Assigned Apr 07, 2017. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Tempo-Acquisition-LLC-Assigned-B-Corporate-Credit-Rating-On-Buyout-By-The-Blackstone-Group-Debt-Ratings-Assigned-1828619>
  
US$ 225.00
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