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Allied Security Holdings LLC Jan 12
Standard & Poors, Jan 2012
Abstract
Stable cash flow and highly variable cost structure; Modest capital expenditure requirements; Diverse customer base; and Demonstration of organic growth. Highly leveraged capital structure; Aggressive financial policy; Narrow business focus; Participation in industry with low barriers to entry; and Exposure to future changes in health care. Standard & Poor's Ratings Services' ratings on Conshohocken, Pa.-based Allied Security Holdings LLC reflect our assessment that the company has a 'highly leveraged' financial profile and 'weak' business profile (as our criteria define the terms). The outlook is stable. Our 'highly leveraged' financial risk assessment incorporates our view that privately held Allied Security has an aggressive financial policy, heavy debt burden, and weak--but consistent--cash flow protection measures. Allied Security's high adjusted leverage remains in...
Companies mentioned in this report are: Allied Security Holdings LLC
Action: Review
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: Full Analysis
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