Stanadyne Corp. Outlook Revised To Negative On Possible Interest Payment Difficulties; 'CCC+' Corporate Rating Affirmed Mar 12
- ID: 2085026
- March 2012
- Standard & Poors
We believe U.S.-based engine component manufacturer Stanadyne Corp. may be unable to service debt at its parent, Stanadyne Holdings, as early as August. We are revising the outlook to negative from stable while affirming our ratings, including the 'CCC+' corporate credit rating, on Stanadyne. The negative outlook reflects the potential for a downgrade if we have less confidence that the company will be able to service Stanadyne Holdings' notes. NEW YORK (Standard & Poor's) March 7, 2012--Standard & Poor's Ratings Services said today that it revised its long-term outlook to negative from stable on Windsor, Conn.-based Stanadyne Corp. At the same time, Standard & Poor's affirmed its ratings, including the 'CCC+' corporate credit rating, on Stanadyne. "The outlook revision reflects...
Companies mentioned in this report are:
- Stanadyne Corp.
- Stanadyne Holdings Inc.
Action: Outlook: Negative
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Research type: News
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