S&P applies B to NEW Asurion, view positive

Standard & Poor's said it assigned its B long-term corporate credit rating to NEW Asurion Corp.

The outlook is positive.

At the same time, the agency revised its outlooks on Lonestar Intermediate Super Holdings LLC (wholly owned subsidiary of NEW Asurion) and Asurion LLC to positive from stable.

S&P also affirmed its B long-term corporate credit ratings on Lonestar and Asurion, along with Asurion’s debt ratings.

"The outlook revision to positive reflects NEWAsurion's continued earnings growth and cash-flow generation resulting in credit metrics consistent with its peers'," S&P credit analyst Neal Freedman said in a news release.

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