S&P rates Mactec, loan B+

Standard & Poor's said it assigned its B+ corporate credit rating to Mactec Inc.

The agency said it also assigned its B+ rating and its 3 recovery rating to the company's $155 million first-lien senior secured credit facility.

The outlook is stable.

S&P noted that the ratings on Mactec reflect the company's highly leveraged financial risk profile characterized by fair liquidity and modest free cash flow generation and weak business risk profile as a niche player in the fragmented engineering and construction services industry.

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