|
|
 |
|
Viewing report
|
|
|
|
Asurion Corp. Assigned 'B+' Rating And Stable Outlook May 11
Standard & Poors, May 2011
Abstract
Asurion has significant leverage and fluctuating credit metrics--resulting in a leveraged balance sheet, which, in addition to the company's financial management strategy, are weaknesses to the rating. Offsetting these weaknesses are Asurion's operating performance, which is a key strength to the rating, as well as its cash generating capabilities. We are assigning our 'B+' counterparty credit rating on Asurion. The outlook is stable, reflecting our view that Asurion will continue to generate good cash flow and will be able to adequately service its debt. NEW YORK (Standard & Poor's) May 16, 2011--Standard & Poor's Ratings Services today said it assigned its 'B+' counterparty credit rating on Nashville, Tenn.-based Asurion Corp. The outlook is stable. At the same time, we assigned...
Companies mentioned in this report are: Asurion Corp.
Action: New Rating
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.
|
|
|
|
