S&P affirms RedPrairie

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

The outlook is stable.

The agency said it also affirmed the existing ratings on the senior secured first-lien and second-lien bank loans, including the $20 million term loan B added to the facility, to provide for the acquisition of StorePerform Technologies.

The ratings on RedPrairie reflect its narrow product focus within a highly competitive and consolidating marketplace, moderately acquisitive growth strategy and high debt leverage, S&P said, adding that these are only partly offset by a largely recurring revenue base, supported by a broad customer base and relatively stable operating margins.

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