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Research Update: Inmar Inc. Assigned Preliminary 'B+' Corporate Credit Rating; Credit Facility Rated 'B+' (Prelim) Jul 11 Product Image

Research Update: Inmar Inc. Assigned Preliminary 'B+' Corporate Credit Rating; Credit Facility Rated 'B+' (Prelim) Jul 11

  • Published: July 2011
  • Standard & Poors

Abstract
U.S. outsourcing firm Inmar is entering into a $240 million credit facility, using the proceeds to retire existing debt and pay a dividend to equityholders. We expect stable operating trends in the near term and for Inmar to reduce debt with free cash flow. We are assigning a preliminary 'B+' corporate credit rating to the company and a preliminary 'B+' issue-level rating and preliminary '4' recovery rating to the credit facilities. The stable outlook reflects our expectations that Inmar will increase profits moderately in the near term, reduce debt with free cash flow and enhance credit protection measures. On July 13, 2011, Standard & Poor's Ratings Services assigned its preliminary 'B+' corporate credit rating to the Winston-Salem, N.C.-based Inmar Inc....

Companies mentioned in this report are: Inmar Inc.
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 READ MORE >

Inmar Inc.

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