S&P gives 6 recovery rating to Alliant notes

Standard & Poor's said it assigned a recovery rating of 6 to Alliant Holdings I Inc.'s $265 million of senior unsecured notes, indicating an expectation of negligible (0%-10%) recovery for lenders in the event of a payment default.

The CCC issue-level rating on the notes, the company's B- counterparty credit rating and the B issue-level rating and recovery rating of 2 on the $385 million senior secured term loan B and $60 million revolving credit facility are unchanged.

The outlook is stable.

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