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Research Update: Specialized Technology Resources Inc. Ratings Raised To 'BB-' And Withdrawn On Debt Paydown Sep 11
Standard & Poors, September 2011
U.S.-based solar encapsulant manufacturer Specialized Technology Resources Inc. (STR) repaid its first- and second-lien term loans following the close of the sale of its Quality Assurance business. We are raising the corporate credit rating on Specialized Technology Resources to 'BB-' from 'B+'. At the same time we are removing all ratings from CreditWatch with positive implications. Subsequently, we are withdrawing our ratings on STR. On Sept. 13, 2011, Standard & Poor's Ratings Services raised its corporate credit rating on Enfield, Conn.-based Specialized Technology Resources Inc. to 'BB-' from 'B+'. We removed all of the ratings from CreditWatch with positive implications, where they were placed on Aug. 17, 2011. Subsequent to this action, we withdrew the corporate credit rating on STR...
Companies mentioned in this report are: Specialized Technology Resources Inc.
Action: Removed From CreditWatch
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.
Specialized Technology Resources Inc.