...+ Robertshaw Holdings S.a.r.l is refinancing debt and paying a distribution to its shareholders, which includes financial sponsor Sun Capital Partners. + We are assigning our 'B' corporate credit rating to Robertshaw Holdings and our 'B' and '###+' issue-level ratings to the proposed first-lien and second-lien term loans, based on recovery ratings of '3' and '6' on these loans, respectively. + The stable outlook reflects our view that demand for home and commercial appliances, electric vehicles, and aftermarket products will remain solid, allowing the company to maintain an adjusted debt-to-EBITDA ratio of below 7.0x during the next year. NEW YORK (S&P Global Ratings) July 19, 2017-- S&P Global Ratings today assigned its 'B' corporate credit rating to Robertshaw Holdings S.a.r.l, the Luxembourg-domiciled indirect parent of Robertshaw Controls Co., an Itasca, Ill.- based maker of components and control systems in home appliances, commercial products, electric vehicles, and other applications....
