S&P rates RGIS, loan B+

Standard & Poor's said it assigned its B+ corporate credit rating to RGIS Inventory Specialists.

At the same time, the agency noted it assigned its B+ rating to the company's planned $370 million bank loan with a recovery rating of 3.

S&P said the ratings on RGIS reflect inconsistent operating performance, a new management with little industry experience and a highly leveraged capital structure that limits cash flow protection.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.