S&P rates Cerba notes B+

Standard & Poor's said it assigned its B+ long-term corporate credit rating to Cerba European Lab SAS.

The outlook is stable.

At the same time, S&P assigned its B+ issue rating to Cerba's €365 million senior secured notes due 2020. The recovery rating on the notes is 4.

The agency said the ratings on Cerba reflect its view of the company's relatively aggressive capital structure through its ownership by private equity group PAI Partners.

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