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S&P lowers Quality Distribution outlook to stable
Standard & Poor's said it revised its outlook on Quality Distribution Inc. to stable from positive.
At the same time, the agency said it affirmed its ratings on the company, including the B- long-term corporate credit rating.
The outlook revision reflects the company's weaker-than-expected earnings performance and the slowing U.S economy, both of which limit the likelihood of a rating upgrade over the near term, S&P said, adding that the ratings on Quality Distribution reflect its participation in a low-margin, fragmented industry, combined with a weak, albeit improving, financial profile.
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