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Stanadyne Corp. 'CCC+' Rating Affirmed, Outlook Revised To Stable On Improved Operating Prospects Jun 11
Standard & Poors, June 2011
U.S.-based Stanadyne Corp. has experienced recent revenue growth, and we expect its EBITDA margins to improve through the rest of the year. We are affirming our ratings, including the 'CCC+' corporate credit rating, on Stanadyne and revising the outlook to stable from negative. The stable outlook reflects our expectation that credit measures will improve from very weak levels, as well as our understanding that Stanadyne has the ability to service its parent-level debt through at least February 2012. NEW YORK (Standard & Poor's) June 7, 2011--Standard & Poor's Ratings Services said today that it has affirmed its ratings, including the 'CCC+' corporate credit rating, on Windsor, Conn.-based Stanadyne Corp. At the same time, we revised the outlook to stable from...
Companies mentioned in this report are: Stanadyne Corp.,Deere & Co.,Stanadyne Automotive Holding Corp.,Stanadyne Holdings Inc.
Action: Outlook: Stable
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.
Stanadyne Corp.,Deere & Co.,Stanadyne Automotive Holding Corp.,Stanadyne Holdings Inc.