S&P revises Dispensing Dynamics recovery rating to 4

Standard & Poor's said it revised its recovery rating on Dispensing Dynamics International's $130 million senior secured notes to 4 from 3, indicating average (30% to 50%) recovery in the event of default.

The B- corporate credit and issue-level ratings on the company remain unchanged. The recovery rating revision occurred as part of S&P's ongoing ratings surveillance process.

S&P said the corporate credit rating on Dispensing Dynamics International reflects the combination of what S&P considers to be the company's "vulnerable" business risk profile and "highly leveraged" financial risk profile.

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