S&P assigns United Site Services B-, loans B+, CCC+

Standard & Poor's said it assigned its B- corporate credit rating to United Site Services Inc.

The outlook is stable.

At the same time, the agency said it assigned a B+ senior secured debt rating and a recovery rating of 1 to the company's proposed $100 million first-lien revolving credit facility as well as a CCC+ rating with a recovery rating of 3 to a proposed $265 million second-lien term loan facility.

S&P said that the ratings on United Site Services reflect a modest revenue base of about $180 million for the latest 12 months and a narrow product offering as well as a highly fragmented industry.

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