S&P cuts Techniplas view to negative

Standard & Poor’s said it revised its outlook on Techniplas LLC to negative from stable.

At the same time, S&P said it affirmed all of the ratings on the company, including the B corporate credit rating.

“The outlook revision reflects our belief that Techniplas’ operational challenges will cause its profitability and credit ratios to become weaker than we had previously expected,” said S&P credit analyst Nishit Madlani in a news release.

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