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S&P affirms BBB Industries
S&P said it affirmed its B- issuer credit rating on GC EOS Buyer Inc. (BBB Industries).
At the same time, S&P affirmed its B- issue-level rating on the company's first-lien term loan. The 4 recovery rating is unchanged. S&P also affirmed its CCC issue-level rating on the company's second-lien term loan, for which the 6 recovery rating is unchanged.
“The stable outlook reflects our expectation that the company will maintain EBITDA margins around 20%, allowing it to generate free cash flow,” S&P said in a news release.
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