We are assigning our 'BB' long-term corporate credit rating to Switzerland-based airline caterer gategroup Holding AG (gategroup). We are also assigning an issue rating of 'BB' and a recovery rating of '4' to the proposed senior unsecured bond of about €350 million to be issued by wholly owned subsidiary gategroup Finance (Luxembourg) S.A. At the same time, we are affirming our 'BB' long-term corporate credit rating on intermediate holding company gategroup Financial Services S.a.r.l and withdrawing the rating at gategroup's request. The stable outlook reflects our opinion that the company's credit metrics will remain commensurate with the 'BB' rating over the next 12 months. PARIS (Standard&Poor's) Feb. 28, 2012-- Standard&Poor's Ratings Services today said it assigned
