We're assigning a 'B' corporate credit rating to U.S.-based kitchenware manufacturer and distributor WKI Holding Co. Inc. (World Kitchen). At the same time, we are assigning a 'B+' issue-level rating to subsidiary co-borrowers', World Kitchen LLC and Snapware Corp., proposed $270 million senior secured credit facility with a recovery rating of '2'. The stable rating outlook reflects our expectation for World Kitchen to have moderate EBITDA growth in 2013 resulting in slightly improved credit metrics while maintaining its good market positions and adequate liquidity. CHICAGO (Standard&Poor's) Feb. 15, 2013--Standard&Poor's Ratings Services said today that it assigned its 'B' corporate credit rating to Rosemont, Ill.-based WKI Holding Co. Inc. The rating outlook is stable. At the same
