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S&P assigns BBB- to Clean Harbors loan
S&P said it assigned BBB- issue-level and 1 recovery ratings to Clean Harbors Inc.'s new $982.5 million senior secured term loan due Oct. 8, 2028. The 1 recovery rating indicates very high (90%-100%; rounded estimate: 95%) recovery if the issuer defaults.
The rating is in line with the agency’s other senior secured ratings for Clean Harbors. “All of our existing ratings on the company, including our BB+ issuer credit rating, are unchanged,” the agency said in a press release.
The outlook is stable.
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