- Published: May 2012
- Region: United States
Springs Window Fashions LLC Assigned 'B' Corporate Credit Rating; Outlook Stable
- Published: April 2011
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
U.S. window-coverings manufacturing company Springs' financial policy is becoming more aggressive, in our view, as it is increasing leverage to more than 5x to pay a dividend to investors. We are assigning ratings on the company, including a corporate credit rating of 'B'. The stable rating outlook reflects our expectation that the company's credit measures will remain close to its post-transaction level over the next year. CHICAGO (Standard & Poor's) April 29, 2011--Standard & Poor's Ratings Services said today it assigned a 'B' corporate credit rating to Middleton, Wisc.-based Springs Window Fashions LLC (Springs). At the same time, we assigned a 'B' issue rating to the company's proposed $70 million revolving credit facility due 2016 and $300 million first-lien term...
Companies mentioned in this report are: Springs Window Fashions LLC
Action: Outlook: Stable
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Springs Window Fashions LLC