MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it has revised its outlook on Aramark Corp to stable from negative, citing its stronger-than-expected credit measures since the January 2007 management buyout.
The ratings agency also affirmed the food services company's 'B+' corporate credit rating.
S&P said it expects Aramark to maintain the improvement in its financial profile.
The ratings agency said Aramark's ratings continue to reflect its highly leveraged financial profile and significant cash flow requirements to fund interest and capital expenditures. TFN.newsdesk@thomson.com rku/man COPYRIGHT Copyright 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.
© 2007 AFX News
