S&P rates RiskMetrics B, loans B+, CCC+

Standard & Poor's said it assigned its B corporate credit rating to RiskMetrics Group Holdings LLC.

The outlook is stable.

At the same time, the agency said it assigned its B+ bank loan rating, with a recovery rating of 1, to the company's proposed $325 million first priority senior secured bank facility, which will consist of a $300 million term loan due 2014 and a $25 million revolving credit facility due 2013.

S&P added it assigned its CCC+ bank loan rating, with a recovery of 4, to the proposed $130 million second priority term loan due 2015, noting that proceeds from the $300 million first-lien term loan and $130 million second-lien term loan, along with $80 million cash on hand and $60 million of rollover equity, will be used to fund the purchase of Institutional Shareholder Services.

S&P noted that the ratings on RiskMetrics Group reflect the company's narrow business profile, short operating track record at current revenue and profitability levels and high leverage.

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