S&P lowers Dayton Superior to B-

S&P said it lowered its corporate credit rating on Dayton Superior Corp. to B- from B.

The outlook is negative.

"The downgrade is based on Dayton's unfavorable debt maturity profile and its major upcoming debt maturity in December 2017, which has increased its refinancing risk and raised the prospect that the company will have insufficient liquidity to repay the debt if is not refinanced prior to maturity," S&P credit analyst Vania Dimova said in a news release.

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