S&P affirms FiberVisions

Standard & Poor's said that it affirmed its B corporate credit rating on FiberVisions Delaware Corp.

The outlook is stable.

The agency said it raised the rating on FiberVisions' $90 million first-lien term loan facilities to BB- from B+ and revised the recovery ratings to 1 from 2.

The ratings on the $20 million second-lien term loan remain unchanged, S&P noted, adding that the $20 million second-lien term loan is rated B, the same as the corporate credit rating, with a recovery rating of 4.

"The affirmation of the corporate credit rating reflects the company's stable performance and reduced debt leverage," said credit analyst James Siahaan.

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