S&P lowers Vertellus view to negative

Standard & Poor’s said it revised the outlook on Vertellus Specialties Inc. to negative from stable.

The agency also said it affirmed Vertellus’s B- corporate credit rating.

The outlook revision reflects a view of risks to the company’s credit quality arising from a weakening of liquidity and operating performance, S&P said.

The company’s operating performance as of year-end 2014 and for the first quarter of 2015 was below expectations, but S&P said it anticipates an improvement for the remainder of the year.

If the company is unable to improve EBITDA, integrate the Pentagon Chemicals UK Ltd. acquisition or improve liquidity, the agency said it believes credit quality will be hurt and a downgrade will be considered.

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