S&P: Integrated Alarm still on watch

Standard & Poor's said it kept its B corporate credit and B- second-lien debt ratings on Integrated Alarm Services Group Inc. on CreditWatch with negative implications, where they were placed on April 26, 2006.

"The ratings were placed on CreditWatch reflecting uncertainty surrounding Integrated Alarm's operating prospects given continued underperformance in alarm contract acquisitions, heightened attrition rates and a review of strategic options for the company," said S&P credit analyst Ben Bubeck.

A management transition, completed in June, also drove the agency's CreditWatch listing, as the company hired an investment bank in July to perform a review of Integrated Alarm's strategic options under the new management.

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