S&P shifts Trico view to positive

S&P said it changed the outlook for Trico Group LLC to positive from negative on better results from the company’s acquisitions than the agency had anticipated.

“Our positive outlook reflects stronger credit metrics than previously forecast and our belief that they will continue to improve over the next 12 months, largely driven by cost-saving initiatives and the absence of any missteps with recent acquisitions,” said S&P in a press release.

The agency affirmed the B ratings on Trico and its term loans.

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