S&P rates Hillman loan B

Standard & Poor's said it assigned its B corporate credit rating to The Hillman Group Inc. and assigned its B senior secured bank loan rating and 4 recovery rating to Hillman's proposed $257.5 million senior secured credit facility due 2011, which is being issued as part of a recapitalization of the company.

The outlook is stable.

S&P said the ratings are based on The Hillman Group's narrow business focus, customer concentration, and aggressive debt leverage, factors somewhat mitigated by its historically stable financial performance.

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