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S&P: infoUSA on watch
Standard & Poor's said it placed its ratings on infoUSA Inc., including the BB corporate credit rating, on CreditWatch with negative implications.
The agency said that the CreditWatch listing reflects its concerns regarding the recent announcement that the company will delay filing its annual report.
The company's credit agreement requires the company to file its financial statements for the fiscal year ended Dec. 31 by March 17, the SEC deadline for accelerated filers, S&P added.
The agency said that the company might receive waivers from its lenders allowing it to file its annual report after March 17 and avoid a technical default.
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