S&P lifts Empire Today rating

Standard & Poor's said it raised its corporate credit rating to B from B- on Empire Today LLC. The outlook is stable.

The agency also raised its issue-level rating on the company's $150 million senior notes to B from B-. The recovery rating on the notes remains unchanged at 4, indicating an expectation of an average (30% to 50%) recovery in the event of a payment default.

S&P said the ratings on Empire Today reflect S&P's assessment of a "vulnerable" business risk profile and "aggressive" financial risk profile.

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