S&P upgrades United States Infrastructure loan

Standard & Poor's said it affirmed its B+ corporate credit rating on United States Infrastructure Corp. The outlook is stable.

At the same time, the agency said it raised its issue-level rating on the company's $250 million senior secured credit facility to BB- from B+ and revised the recovery rating to 2, indicating an expectation of a substantial recovery in the event of a payment default.

S&P said the higher issue-level rating is based on the assumption of a higher gross enterprise value at emergence, reflecting lesser uncertainty regarding integration costs and synergies from its acquisitions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.