S&P revises HC2 view to negative

S&P said it revised the outlook for HC2 Holdings Inc. to negative from stable and affirmed the B- ratings on the company and its senior notes.

“Although we expect HC2 Holdings Inc.’s liquidity to improve with its equity rights offering, the company faces substantial upcoming maturities of its revolving credit facility due September 2021 and senior notes due December 2021,” S&P said in a press release.

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