Fitch ups Protection One notes to CCC+, rates loan B+

Fitch Ratings said it assigned a B+ rating to Protection One's new $275 million senior secured credit facility.

Fitch also upgraded and removed Protection One from Rating Watch Positive, including its senior unsecured debt to B- from CC and senior subordinated notes to CCC+ from C. The outlook is stable.

Fitch said the upgrade reflects improved liquidity and maturity schedule, simplified capital structure and management's ability to reduce costs while stabilizing revenue and improving the credit quality of the alarm customer portfolio.

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