S&P cuts Janus term debt to B

S&P said it lowered the rating on Janus International Group LLC’s first-lien term debt to B from B+.

S&P also revised the recovery rating to 3 from 2. The 3 recovery rating indicates a meaningful expectation of (50%-70%; rounded estimate: 60%) recovery to first-lien lenders in the event of default.

The agency affirmed Janus’ B issuer credit rating.

The outlook is stable.

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