| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers V > Headlines for Vi-Jon, Inc. > News item |
S&P: Vi-Jon outlook positive
Standard & Poor's said it revised the outlook on Vi-Jon Inc. to positive from stable and affirmed the B corporate credit rating.
The outlook revision reflects the company's improved credit protection measures as a result of its successful integration of the Cumberland Swan business, solid operating performance and debt reduction, according to the agency.
Following its bank loan refinancing in April 2007, the issuer's total debt-to-EBITDA ratio was about 4.4 times, from about 5.2 times following the acquisition of Vi-Jon Laboratories Inc. and Cumberland Swan Holdings Inc. by Berkshire Partners in 2006.
Ratings reflect the company's participation in the highly competitive personal care segment of the consumer products industry, moderate debt leverage and a significant customer concentration, S&P noted.
The company's leading position as a private-label manufacturer somewhat mitigates these risks, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.