Climb to the top of the priority list. Everyone that seeks to deal with debt
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Learn your options with regard to refinancing the existing loan to lower your
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Standard & Poor's Raises Saint Corporation's Debt Ratings
Standard & Poor's (S&P) announced yesterday that it had raised the bank loan ratings of Saint Corporation's First Lien Term Loan B debt and Revolving Credit Facility to "BB-" from "B+" and the issue ratings on its Senior Secured Second Lien debt to "B" from "B-." On May 30, 2007, S&P released its enhanced recovery rating scale and issue rating framework for speculative-grade recovery and issue ratings. This is a result of S&P's "initiative to answer the demand for greater clarity and specificity with respect to recovery prospects on different debt instruments and all types of issuers globally". As it relates to Saint Corporation, the improvement of the debt ratings is an acknowledgement of the strength of the underlying assets as security for the Company's debt.
