Moody's rates Audio Visual loan B1

Moody's Investors Service said it assigned a B1 rating to Audio Visual Services Corp.'s new $120 million senior secured credit facility, including the $20 million senior secured revolving credit facility due 2010 and $100 million senior secured term loan facility due 2011.

Moody's also assigned a senior implied rating of B1 and a stable outlook.

According to Moody's, the ratings reflect the company's exposure to trends or events that affect overall levels of business travel, revenue concentration with its top customers and a significant level of capital expenditures.

The ratings also reflect the company's leading market position in the audiovisual services industry, long-term contracts with major upscale hotels and the expected continued rebound in the business travel and corporate meeting market.

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