S&P revises Zep outlook to negative

S&P said it revised its outlook for Zep Inc. to negative from stable citing weaker-than-expected operating performance.

“The negative outlook reflects our view of the challenge management could face in growing revenue and EBITDA, generating positive free cash flow on a sustained basis, and meeting future financial obligations,” S&P said in a press release.

S&P affirmed its CCC- rating for the company.

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