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

SRAM LLC Assigned 'B' Corporate Credit Rating With Stable Outlook

SRAM LLC Assigned 'B' Corporate Credit Rating With Stable Outlook - S&P Global Ratings’ Credit Research
SRAM LLC Assigned 'B' Corporate Credit Rating With Stable Outlook
Published Aug 22, 2008
Published Aug 22, 2008
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Aug. 22, 2008--Standard&Poor's Ratings Services said today it 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. Pro forma for the transaction, total debt outstanding was $375 million as of June 30, 2008. The outlook is stable. (For the full

  
Report Type:

Ratings Action

Issuer
SRAM LLC
GICS
Leisure Products (25202010)
Sector
Global Issuers
Country
United States
Region
United States
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. "SRAM LLC Assigned 'B' Corporate Credit Rating With Stable Outlook" Aug 22, 2008. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/SRAM-LLC-Assigned-B-Corporate-Credit-Rating-With-Stable-Outlook-666999>
  
APA:
S&P Global Ratings’ Credit Research. (). SRAM LLC Assigned 'B' Corporate Credit Rating With Stable Outlook Aug 22, 2008. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/SRAM-LLC-Assigned-B-Corporate-Credit-Rating-With-Stable-Outlook-666999>
  
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