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Compression Polymers Holdings LLC Rating Affirmed, 'B-' Assigned To Senior Unsecured Notes May 05 Product Image

Compression Polymers Holdings LLC Rating Affirmed, 'B-' Assigned To Senior Unsecured Notes May 05

  • ID: 1722438
  • May 2005
  • Standard & Poors

FEATURED COMPANIES

  • CPG International Inc.
  • MORE

Abstract
NEW YORK (Standard & Poor's) May 10, 2005--Standard & Poor's Ratings Services said today that it affirmed its 'B' corporate credit rating on Moosic, Pa.-based building products manufacturer Compression Polymers Holdings LLC (Compression LLC) in connection with its sale to AEA Investors LLC (AEA). The outlook is stable. At the same time, Standard & Poor's assigned its 'B-' senior unsecured rating to the $65 million floating rate notes due 2012 and $150 million fixed-rate notes due 2013, issued under Rule 144a with registration rights, of Compression Polymers Holding Corp. (Compression; Compression LLC's successor company). The senior unsecured debt is rated one notch below the corporate credit rating, based on Standard & Poor's expectations that the level of priority liabilities, relative...

Companies mentioned in this report are:
- CPG International Inc.

Action: Affirmed
Action: New Rating
Action: Outlook: Stable
Action: Withdrawn

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.

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- CPG International Inc.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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