VSS-AHC Consolidated's rating cut to 'negative' - S&P |
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Published
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Tue, 29 May 2007 17:45
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MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it has revised the ratings outlook on New York City-based VSS-AHC Consolidated Holding Corp to 'negative' from 'stable' but affirmed the company's 'B' corporate credit rating.The ratings agency said it revised the outlook on news the company will increase its second-lien term loan to 260 mln usd from 245 mln usd and, correspondingly, reduce Veronis Suhler Stevenson's equity investment in Advanstar Communications Inc.The company's subsidiary, VSS-AHC Acquisition Corp will be merged into Advanstar Holdings Corp after Veronis Suhler Stevenson acquires it and its operating subsidiary, Advanstar Communications.TFN.newsdesk@thomson.comrsh/wjCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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