S&P rates Alliant B

Standard & Poor’s said it assigned a B long-term corporate credit rating to Alliant Holdings LP.

The agency also said it affirmed the ratings on Alliant Holdings Intermediate LLC, including the issue-level ratings.

In addition, S&P said it withdrew the corporate credit rating on Alliant Holdings I LLC and all related issue ratings. Alliant Holdings I was the issuer of the debt prior to the refinancing, the agency said, and all debt has since been retired.

As a result of the recent Stone Point Capital transaction, Alliant Holdings LP has become the ultimate parent of Alliant Holdings Intermediate, S&P said.

Alliant Holdings Intermediate, the issuer of debt, continues to operate the subsidiary companies, which are guarantors on the debt, the agency said.

The ratings reflect what is considered to be Alliant’s fair business risk profile and highly leveraged financial risk profile, S&P said.

The stable outlook reflects an expectation that the company’s expertise in its niche specialty markets will enable it to maintain growing earnings and cash flows, the agency said.

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