On April 20, 2006, Standard & Poor's Ratings Services assigned its 'B-' rating to the proposed €975 million senior subordinated notes due 2016 to be issued by FS Funding A/S, a holding company in Denmark-based facilities services group, ISS. The proceeds will primarily be used for refinancing existing debt. At the same time, Standard & Poor's affirmed its 'B+' long-term corporate credit ratings on FS Funding, and wholly owned subsidiaries ISS A/S and ISS Global A/S. The 'B' short-term corporate credit rating on ISS A/S was also affirmed. The outlooks on all the long-term corporate credit ratings are stable. Pro forma for the refinancing and including the debt raised in connection with the acquisition of Tempo Services Ltd. at the...
Companies mentioned in this report are:
- ISS A/S
- ISS World Services A/S
- ISS Global A/S
Action: New Rating
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