Bain Capital's Guitar Center Tangled Up In S&P Blue

Standard & Poor’s cut its debt rating on Bain Capital portfolio company Guitar Center Holdings Inc. as the music retailer purchased during the height of the 2007 buyout boom struggles with “weak operating trends.” S&P reduced its rating on the Westlake Village, Calif.-based company, including its corporate credit rating, to ‘CCC+’ from ‘B-‘.