S&P cuts KWG view to negative

S&P said it revised its outlook on KWG Group Holdings Ltd. to negative from stable.

At the same time, the agency affirmed its B+ long-term issuer credit rating on KWG and the B long-term issue rating on the company's senior unsecured notes.

“The negative outlook reflects our view that KWG's debt leverage may not recover to the level we expect over the next 12 months,” S&P said in a news release.

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