The corporate credit rating on Winston-Salem, N.C.-based Inmar Inc. reflects our expectation that the company will have stable operating performance in the near term, and will enhance credit ratios modestly with debt reduction through free cash flow. However, we expect credit metrics to remain indicative of an "aggressive" financial risk profile (as our criteria define the term) throughout 2012 and 2013. We assess its business risk as "weak." This incorporates our belief that Inmar generally has stable and recurring businesses, but that an unfavorable economy and industry could hurt the company's reverse logistics business and overall profits. The company's recent operating performance was in line with our expectations, and we believe it will be indicative of the company's near-term performance.
