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SRAM LLC 'BB-' Rating Outlook Revised To Negative From Stable On Weak Operating Performance

Published Feb 14, 2014

1145 words — Published Feb 14, 2014

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Abstract:

U.S.-based bicycle components maker SRAM LLC reported weaker-than-expected operating performance and leverage measures in 2013. We believe leverage measures will remain weak in 2014. We are revising our rating outlook to negative from stable and affirming all ratings on the company, including the 'BB-' corporate credit rating. The negative outlook reflects our expectation for leverage to remain weak in 2014. NEW YORK (Standard&Poor's) Feb. 14, 2014--Standard&Poor's Ratings Services today revised its 'BB-' corporate credit rating outlook on SRAM LLC to negative from stable. At the same time, we affirmed the 'BB-' corporate credit rating and the 'BB-' issue-level rating on the company's senior secured credit facilities (consisting of a $50 million senior secured revolving credit facility

Brief Excerpt:

RESEARCH SRAM LLC '##-' Rating Outlook Revised To Negative From Stable On Weak Operating Performance Publication date: 14-Feb-2014 Primary Credit Analyst: Stephen Pagano, New York (1) 212-438-4484; stephen.pagano@standardandpoors.com...

Report Type:

Ratings Action

Issuer

SRAM LLC

GICS

Leisure Products (25202010)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

Summary: SRAM LLC – 2014/08/15 – US$ 225.00

Summary: SRAM LLC – 2015/05/11 – US$ 225.00

Research Update: SRAM LLC Rating Lowered To 'B+' On Weaker Operating Performance; Outlook Negative – 2015/10/26 – US$ 225.00

Research Update: SRAM LLC Rating Lowered To 'B' On Prolonged Elevated Leverage; Outlook Stable – 2016/02/24 – US$ 225.00

Research Update: SRAM LLC's Proposed $570 Million Term Loan B And $40 Million Revolving Credit Facility Are Rated 'B' – 2017/02/24 – US$ 225.00

Research Update: SRAM LLC 'BB-' Rating Outlook Revised To Negative From Stable On Weak Operating Performance – 2014/02/14 – US$ 225.00

SRAM LLC Upgraded To 'BB-' On Refinancing And Expected Deleveraging; Outlook Stable – 2013/03/14 – US$ 150.00

Research Update: SRAM LLC Upgraded To 'BB-' On Refinancing And Expected Deleveraging; Outlook Stable – 2013/03/14 – US$ 225.00

Summary: SRAM LLC – 2012/12/10 – US$ 225.00

Summary: SRAM LLC – 2012/06/21 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "SRAM LLC 'BB-' Rating Outlook Revised To Negative From Stable On Weak Operating Performance" Feb 14, 2014. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/SRAM-LLC-BB-Rating-Outlook-Revised-To-Negative-From-Stable-On-Weak-Operating-Performance-1259458>

APA:	S&P Global Ratings’ Credit Research. (). SRAM LLC 'BB-' Rating Outlook Revised To Negative From Stable On Weak Operating Performance Feb 14, 2014. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/SRAM-LLC-BB-Rating-Outlook-Revised-To-Negative-From-Stable-On-Weak-Operating-Performance-1259458>

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