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Bulletin: Alliant Holdings I Inc. Rating Unaffected By Higher-Than-Expected Debt Leverage Ratio Dec 11
Standard & Poors, Dec 2011
Abstract
NEW YORK (Standard & Poor's) Dec. 9, 2011--Standard & Poor's Ratings Services said today that its 'B-' financial strength rating on Alliant Holdings I. Inc (Alliant) is unaffected by a projected debt-to-EBITDA ratio of greater than 6.5x for full-year 2011, contrary to our expectation of 6.5x or less. The higher-than-expected leverage ratio of 7.0x at Sept. 30, 2011, was primarily the result of nonrecurring bonuses paid out associated with the hiring of producer teams within Alliant's construction services group. In addition, this group has not reached its full revenue capacity, leading to a lower level of EBITDA per revenue earned relative to the company's historical run rate. The company had met all other stated expectations as of Sept. 30, 2011,...
Companies mentioned in this report are: Alliant Holdings I Inc.
Action: Bulletin
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.
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