S&P: Relizon on watch

Standard & Poor's said it placed its BB- corporate credit and senior secured debt ratings on The Relizon Co. on CreditWatch with negative implications, reflecting the planned acquisition of Relizon by unrated Workflow Management Inc.

S&P noted while the terms of the acquisition were not disclosed, the transaction is expected to close in October.

Neither Relizon nor Workflow publicly discloses its financial statements, the agency added.

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