S&P may lift Amscan

Standard & Poor's said it placed the B corporate credit rating on Amscan Holdings Inc. on CreditWatch with positive implications.

"The CreditWatch placement reflects our view that Amscan's financial profile has improved over the past year," S&P analyst Linda I. Phelps said in a statement.

In addition, the company's operating performance has been relatively stable over the past few years as it benefits from its strong presence in the niche party goods industry and the industry's somewhat recession-resistant characteristics, S&P said.

The company's adjusted total debt-to-EBITDA ratio for the trailing 12 months ended June 30 was 4.5 times, down from 5.2x in the same year-ago period.

© 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.