Information Solutions Co. Assigned 'BB' Rating With Positive Outlook Mar 10
- ID: 1784241
- March 2010
- Standard & Poors
The First American Corp. is spinning off its financial services businesses. The surviving company will be Information Solutions Co., which is the former data & analytic, information & outsourcing, and risk mitigation & business solutions of The First American Corp. We are assigning a 'BB' corporate rating with a positive outlook to Information Solutions Co., the new entity. We are also assigning a 'BB+' rating to the new company's proposed $850 million senior secured credit facility. The positive outlook reflects the company's cash-generating ability, a moderate financial policy, and an expectation that it will maintain its leadership position in key markets. NEW YORK (Standard & Poor's) March 4, 2010--Standard & Poor's Ratings Services said today it assigned its 'BB' corporate...
Companies mentioned in this report are:
- CoreLogic Inc.
Action: New Rating
Action: Outlook: Positive
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