S&P: SNL Financial loan B; view to stable

Standard & Poor's said it revised the outlook on SNL Financial LC to stable from positive and affirmed its B corporate credit rating.

S&P also said it assigned B ratings to the company's $290 million senior first-lien credit facilities with recovery ratings of 3, indicating 50% to 70% expected recovery in a default.

The senior secured credit facilities consist of a $30 million revolver due 2017 and a $260 million term loan due 2018.

The outlook revision reflects an expectation that despite positive operating trends, the special dividend increases debt leverage higher than previously anticipated, S&P said.

The ratings consider that the company will post low double-digit revenue and EBITDA growth over the balance of 2012, the agency said, and that growth momentum will continue in 2013, albeit with ongoing high leverage.

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