S&P rates Immucor loan BB-

Standard & Poor's said it assigned Immucor Inc.'s $665 million term loan due 2018 a BB- issue-level rating, with a recovery rating of 2, indicating S&P's expectation for substantial (70% to 90%) recovery of principal in the event of a payment default.

The ratings on Immucor reflect its "fair" business risk profile and "highly leveraged" financial risk profile, the agency said. Leverage is high, around 7.3x, supporting S&P's financial risk assessment.

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