Ratings and Partnerships in the Business Sector

Strategic Insights -

May & Speh Inc., a Downers Grove-based provider of outsourced information technology services, has received a stable outlook and corporate credit rating from Standard & Poor's. Despite its modest size, high debt leverage, and aggressive acquisition policy, S&P has assigned a single B+ corporate credit rating to the company. May & Speh's $100 million convertible subordinated notes due 2003 have been given a B- rating.

A significant partnership has been announced between McDonald's Corp., Lucent Technologies Inc., and law enforcement agencies to establish "community work stations" in Chicago and Northwest Indiana areas. These stations will provide a space for police officers to complete reports and make work-related phone calls, promoting a visible presence in the neighborhood and facilitating communication between residents and law enforcement. Lucent, with operations in Naperville, has provided phones for the program, which began in a Hammond, Ind., McDonald's. The partnership has been welcomed by McDonald's, based in Oak Brook.

The National Safety Council in Itasca has named Bob Harrigan as the new director of its Foundation for Safety and Health. Harrigan aims to expand the FSH's capacity to fund research programs focused on safety and health prevention. He brings expertise from his previous position as executive director of the Washington Insurance Council in Seattle.

Key Takeaways:

  • Standard & Poor's has assigned a stable outlook and single B+ corporate credit rating to May & Speh Inc. (B+), and a B- rating to the company's $100 million convertible subordinated notes due 2003 (B-).
  • The ratings reflect May & Speh's modest size, high debt leverage, and aggressive acquisition policy.
  • McDonald's, Lucent Technologies, and law enforcement agencies have partnered to establish "community work stations" in Chicago and Northwest Indiana areas.
  • The partnership aims to promote a visible presence of law enforcement in residential areas and facilitate communication between residents and police officers.
  • Bob Harrigan has been appointed as the new director of the National Safety Council's Foundation for Safety and Health.
  • Harrigan plans to expand the FSH's capacity to fund research programs focused on safety and health prevention.
  • He brings expertise from his previous position as executive director of the Washington Insurance Council in Seattle.

Statistics:

  • May & Speh Inc. has a single B+ corporate credit rating and a B- rating for its $100 million convertible subordinated notes due 2003 (Source: S&P).
  • The ratings reflect the company's modest size and high debt leverage (Source: S&P).
  • McDonald's, Lucent Technologies, and law enforcement agencies have partnered to establish 1 "community work station" in Hammond, Ind. (Source: McDonald's and Lucent).
  • The partnership aims to provide a space for police officers to complete reports and make work-related phone calls (Source: McDonald's and Lucent).
  • Bob Harrigan has been appointed as the new director of the National Safety Council's Foundation for Safety and Health (Source: National Safety Council).
  • The FSH aims to fund research programs focused on safety and health prevention (Source: National Safety Council).

Sources:

  • Standard & Poor's (S&P) has assigned a stable outlook and single B+ corporate credit rating to May & Speh Inc. and a B- rating to the company's $100 million convertible subordinated notes due 2003.
  • McDonald's Corp. and Lucent Technologies Inc. have partnered to establish "community work stations" in Chicago and Northwest Indiana areas.
  • National Safety Council has named Bob Harrigan as the new director of its Foundation for Safety and Health.