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S&P: CCS Medical view negative
Standard & Poor's said it revised its outlook on CCS Medical Inc. to negative from stable and affirmed its B- corporate credit rating.
The B- issue-level and 3 recovery rating on the company's first-lien term loan, and the CCC rating and the 6 recovery rating on the company's second-lien term loan remain unchanged.
"While we are maintaining our 'vulnerable' business risk and 'highly leveraged' financial risk profiles, we note that free cash flow is very thin heading into a challenging phase in the company's operations," S&P credit analyst David Kaplan said in a news release.
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