The Brink's Co.'s $525 Million Revolving Credit Facility Assigned 'BBB-' Issue-Level Rating - S&P Global Ratings’ Credit Research

The Brink's Co.'s $525 Million Revolving Credit Facility Assigned 'BBB-' Issue-Level Rating

The Brink's Co.'s $525 Million Revolving Credit Facility Assigned 'BBB-' Issue-Level Rating - S&P Global Ratings’ Credit Research
The Brink's Co.'s $525 Million Revolving Credit Facility Assigned 'BBB-' Issue-Level Rating
Published Apr 21, 2015
Published Apr 21, 2015
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Abstract:

NEW YORK (Standard&Poor's) April 21, 2015--Standard&Poor's Ratings Services said today that it has assigned its 'BBB-' issue-level rating to The Brink's Co.'s $525 million unsecured revolving credit facility maturing March 10, 2020. Brink's borrowed approximately $266 million from the revolver at closing and has used these proceeds to repay the aggregate principal amount outstanding and interest due under its previous credit facility and for general corporate purposes. The ratings on Brink's reflect the company's recognized brand name, established reputation for quality and reliability, good geographic diversity, and significant market position in an industry with high barriers to entry (although the industry is very competitive and somewhat cyclical). We assess Brink's business risk profile as "satisfactory", its

  
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MLA:
S&P Global Ratings’ Credit Research. "The Brink's Co.'s $525 Million Revolving Credit Facility Assigned 'BBB-' Issue-Level Rating" Apr 21, 2015. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/The-Brink-s-Co-s-525-Million-Revolving-Credit-Facility-Assigned-BBB-Issue-Level-Rating-1394845>
  
APA:
S&P Global Ratings’ Credit Research. (). The Brink's Co.'s $525 Million Revolving Credit Facility Assigned 'BBB-' Issue-Level Rating Apr 21, 2015. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/The-Brink-s-Co-s-525-Million-Revolving-Credit-Facility-Assigned-BBB-Issue-Level-Rating-1394845>
  
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