S&P revises Waste Pro USA view to negative

S&P said it affirmed its ratings, including the B+ issuer credit rating, on Waste Pro USA Inc. and revised the outlook to negative from stable.

The outlook revision reflects rising vehicle maintenance, fuel and direct labor costs in 2018, which outpaced Waste Pro's good volume growth. This resulted in credit measures deteriorating to levels that are borderline acceptable for the current ratings,” S&P said in a news release.

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