STOCKHOLM (Standard&Poor's) June 20, 2005--Standard&Poor's Ratings Services said today it assigned its 'BBB+' long-term rating to the $1.1 billion senior unsecured revolving credit facility of Sweden-based security services provider Securitas AB (BBB+/Stable/A-2). The new facility matures in 2010 (with a possible extension of up to two years), with the interest margin moving in line with any changes to the company's corporate credit rating. The facility will be used for general corporate purposes, and has refinanced the previous $800 million revolving credit facility, which had an original maturity in 2008. The new facility does not include financial covenants. Non-financial covenants include negative pledge, and limitations on subsidiary indebtedness, change of business, and disposals and mergers. The facility
