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Prospect News home > News index > List of issuers R > Headlines for Rural/Metro Corp. > News item
Published on 10/28/2009 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P may lift Rural/Metro

Standard & Poor's said it updated the CreditWatch on Rural/Metro Corp. and its subsidiary Rural/Metro LLC, which was prompted by Rural/Metro Corp.'s plans to refinance its credit facility due 2011 and to launch a tender offer for its 12¾% senior discount notes due 2016.

The agency said it expects to upgrade the corporate credit rating to B+ from B if the company completes the proposed refinancing and tender offer.


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