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

  • ID: 1869780
  • July 2011
  • Standard & Poors
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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 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.

Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

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Inmar Inc.

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