|
|
 |
|
Viewing report
|
|
|
|
Affinion Group Holdings 'B+' Rating Outlook Revised To Negative Dec 11
Standard & Poors, Dec 2011
Abstract
U.S.-based integrated marketer Affinion Group Holdings Inc.'s operating performance was below our expectations, resulting in increasing debt leverage. We are revising our 'B+' rating outlook on the company to negative from stable. The negative outlook is based on our concerns that that the cushion of compliance under financial covenants will likely narrow over the next year. NEW YORK (Standard & Poor's) Dec. 8, 2011--Standard & Poor's Ratings Services today revised its rating outlook on Affinion Group Holdings Inc. to negative from stable. Ratings on the company, including the 'B+' corporate credit rating, were affirmed. 'The outlook revision reflects the deterioration in Affinion's credit measures, as debt-financed special dividends in the first quarter of 2011 were not offset by the contribution...
Companies mentioned in this report are: Affinion Group Holdings Inc.,Affinion Group Inc.
Action: Affirmed
Action: Outlook: Negative
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.
|
|
|
|
