...+ U.S.-based SRS Distribution Inc. has increased its asset-based lending (ABL) revolving credit facility to finance its acquisition of B&L Wholesale Supply Inc. + We are affirming our 'B' corporate credit rating on the company based on our "weak" business risk profile and "highly leveraged" financial risk profile. + We are affirming our 'B' issue-level rating (the same as the company's corporate credit rating) on SRS' $220 million senior secured bank term loan, with a '3' recovery rating. + The stable rating outlook reflects our expectation that the company will continue to generate modest positive free cash flow and maintain strong liquidity while maintaining total adjusted leverage (including lease obligations) of about 5x or below for 2015. DALLAS (Standard & Poor's) March 5, 2015--Standard & Poor's Ratings Services said today it affirmed its 'B' corporate credit rating on McKinney, Texas-based SRS Distribution Inc. The outlook is stable. At the same time, we affirmed our 'B' issue-level...
