TEXT-S&P assigns Autocam 'B+' corporate credit rating

Newswire

(The following statement was released by the rating agency) NEW YORK, May 18 - Standard & Poor's Ratings Services said today that it assigned its 'B+' corporate credit rating to Kentwood, Mich.-based Autocam Corp. At the same time, Standard & Poor's assigned its 'B+' senior secured bank loan rating and '4' recovery rating to Autocam's proposed $167.5 million of senior secured credit facilities. The debt rating and recovery rating indicate the likelihood of a marginal recovery of ...

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