Nov 8 - Standard & Poor's Ratings Services today assigned its 'B+'
issue-level rating and '5' recovery rating to WESCO Distribution Inc.'s proposed
$605 million senior secured term loan and WDCC Enterprises Inc.'s proposed
CAD$150 million senior secured term loan. The recovery rating of '5' reflects
our expectation for modest recovery prospects (10%-30%) in the event of a
payment default. WESCO Distribution and WDCC are wholly owned subsidiaries of
WESCO International Inc. (WESCO, BB-/Positive/--). The companies will use the
proceeds to fund WESCO's CAD$1.14 billion acquisition of EECOL Electric (not
The facilities are guaranteed by WESCO and, respectively for the U.S. dollar
and Canadian dollar loans, by WESCO Distribution's U.S. subsidiaries and
WDCC's and WESCO's existing Canadian subsidiaries, excluding certain
unrestricted subsidiaries. The facilities are secured on a second-lien basis
by the current assets of the companies and on a first-lien basis by other
RELATED CRITERIA AND RESEARCH
-- Research Update: WESCO International Inc. 'BB-' Rating Affirmed On
Acquisition Announcement; Outlook Remains Positive, Oct. 18, 2012
-- Criteria Guidelines For Recovery Ratings On Global Industrials
Issuers' Speculative-Grade Debt, Aug. 10 2009
WESCO International Inc.
Corporate Credit Rating BB-/Positive/--
WESCO Distribution Inc.
$605 mil sr secd term loan due 2019 B+
Recovery Rating 5
WDCC Enterprises Inc.
CAD$150 mil sr secd term loan due 2019 B+
Recovery Rating 5
Complete ratings information is available to subscribers of RatingsDirect on
the Global Credit Portal at www.globalcreditportal.com. All ratings affected
by this rating action can be found on Standard & Poor's public Web site at
www.standardandpoors.com. Use the Ratings search box located in the left