OREANDA-NEWS. S&P Global Ratings said today that it affirmed its ratings, including the 'B-' corporate credit rating, on Logan, Utah-based ICON Health & Fitness Inc. and removed them from CreditWatch, where we had placed them with negative implications on Jan. 19, 2016.

We had placed the ratings on CreditWatch due to a near-term refinancing risk to the 11.875% senior secured notes that were due October 2016 and because the $175 million asset-based lending (ABL) revolver would have terminated if the notes were not refinanced.

The company has completed its refinancing and redeemed the senior secured notes. We subsequently withdrew all our ratings on ICON Health & Fitness at the company's request.