S&P gives American Tire loan CCC+

Standard & Poor's said it affirmed its B corporate credit rating on American Tire Distributors Inc.

The outlook is stable.

At the same time, the agency assigned its CCC+ issue rating and 6 recovery rating to the company's $300 million senior secured term loan.

The issue rating is two notches below the corporate credit rating. The 6 recovery rating indicates an expectation for negligible recovery (0%-10%) for noteholders in the event of a payment default.

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