S&P rates WCA Waste loans B, CCC+

Standard & Poor's said it assigned its B corporate credit rating to WCA Waste Systems Inc.

At the same time, S&P assigned its B senior secured bank loan rating and a recovery rating of 3 to the company's proposed $75 million senior secured revolving credit facility due 2010 and $100 million senior secured term loan B due 2011.

In addition, a CCC+ rating and a recovery rating of 5 are assigned to the proposed $25 million secured second-lien term loan due 2011.

S&P said the ratings on WCA Waste Systems reflect its very modest size and narrow scope of activities, the risks associated with an active growth strategy that includes additional debt-financed acquisitions and a well-below-average financial profile stemming from very aggressive debt usage.

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