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Safety-Kleen Systems 'B+' Rating Affirmed, Proposed Credit Facility Rated 'BB-' (Rec Rtg '2'), Outlook Revised To Stable Jan 12 Product Image

Safety-Kleen Systems 'B+' Rating Affirmed, Proposed Credit Facility Rated 'BB-' (Rec Rtg '2'), Outlook Revised To Stable Jan 12

  • Published: January 2012
  • Standard & Poors

FEATURED COMPANIES

  • JPMorgan Chase & Co.
  • Safety-Kleen Systems Inc.
  • MORE

Abstract
U.S. industrial cleaning services supplier Safety-Kleen Systems Inc. is refinancing its credit facilities. We are affirming our ratings, including our 'B+' corporate credit rating, on Safety-Kleen and are revising our outlook to stable from negative. We are rating the company's proposed credit facilities 'BB-' with a recovery rating of '2'. The stable outlook reflects an improved debt maturity profile along with our expectation that Safety-Kleen's credit metrics will continue to remain sufficient for the ratings over the next year, helped by continued economic recovery, strength in oil prices, and operating efficiencies. NEW YORK (Standard & Poor's) Jan. 19, 2012--Standard & Poor's Ratings Services said today that it has affirmed its ratings, including the 'B+' corporate credit rating, on Plano, Texas-based...

Companies mentioned in this report are:
- Safety-Kleen Systems Inc.
- JPMorgan Chase & Co.

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns READ MORE >

- Safety-Kleen Systems Inc.
- JPMorgan Chase & Co.

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