S&P: Rock Parent loans BB-

Standard & Poor's said it affirmed its B corporate credit rating on Rock Parent LLC. The rating outlook is stable.

The agency said it affirmed its BB- issue-level ratings on the company's first-lien senior secured credit facilities, which were borrowed by wholly owned subsidiary ROC Finance LLC.

The agency said it also assigned the company's proposed $40 million multi-draw delayed draw term loan an issue level rating of BB- and assigned this debt a recovery rating of 1, indicating an expectation of very high recovery for lenders in the event of a payment default

Finally, the agency revised its recovery rating on the company's second-lien notes to 4 from 3.

In addition, S&P said it affirmed its issue-level rating on the notes at B .The agency said the revised recovery rating reflects weaker recovery prospects for holders of the notes as a result of a greater amount of first-lien debt outstanding under S&P's simulated default scenario from the planned financings.

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