S&P lowers Infogroup

S&P said it lowered the issuer credit rating on Infogroup Inc. to B- from B.

S&P also lowered the issue-level rating on the company's first-lien debt to B- from B+ and revised the recovery rating to 3 from 2 on a lower expected emergence valuation.

The outlook is negative.

“The downgrade reflects our expectation for sustained weak credit metrics in 2019 and 2020 caused by changing industry trends, as clients shift to digital from traditional marketing channels, and increased competition,” S&P said in a news release.

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