S&P assigns M/A-COM loans BB-

Standard & Poor's said it assigned a B+ corporate credit rating to M/A-COM Technology Solutions Holdings Inc.

The outlook is stable.

The agency also assigned its BB- issue-level rating and 2 recovery rating to the company's $100 million revolving credit facility due 2019 and $350 million term loan due 2021. The 2 recovery rating indicates an expectation of substantial (70%-90%) recovery in the event of payment default.

"The ratings on M/A-COM reflect the company's 'weak' business risk profile (as defined by our criteria), incorporating the company's limited scale, short track record operating at the current revenue level, narrow focus on a subsector of the analog semiconductor industry, and end-market concentration," S&P credit analyst James Thomas said in a news release.

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