S&P ups RGIS

Standard & Poor's said it raised its corporate credit rating on RGIS Holdings LLC to B from B-.

The outlook is stable.

The agency said it also raised the rating on the company's senior secured credit facility, consisting of a $525 million term loan and a $75 million revolving credit facility, to B from B- and maintained the 3 recovery rating on the debt.

"The rating on RGIS reflects its highly leveraged financial risk," said S&P credit analyst Charles Pinson-Rose, "and the belief that the company will have marginal sales growth opportunities given its expectation of limited inventory expansion among retailers."

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