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S&P elevates PIK Group
S&P said it raised its rating on PIK Group to B+ from B.
The outlook is stable.
“We raised the rating because we think PIK Group will adhere to a relatively prudent financial policy, which should allow it to maintain its S&P Global Ratings-adjusted leverage below 3x-4x in 2019-2020,” S&P said in a news release.
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