S&P rates Transtar B+ and loans BB-, B-

Standard & Poor's said it has assigned a B+ corporate credit rating to Transtar Holding Co.

The outlook is stable.

S&P also assigned the company's $290 million senior secured credit facilities, consisting of a $50 million revolving credit facility and a $240 million first-lien term loan, a BB- issue-level rating with a 2 recovery rating and its $135 million second-lien term loan a B- issue-level rating with a 6 recovery rating.

The ratings reflect the expectation that the company will maintain its operating performance in line with its recent history, including strong margins that exceed those of other rated aftermarket distribution companies, S&P said.

The ratings also consider Transtar's aggressive financial risk profile as well as good free cash flow prospects, the agency said.

The adjusted debt-to-EBITDA ratio is 5.5 times.

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