S&P lifts Casella to stable

Standard & Poor's said it revised the outlook on Casella Waste Systems Inc. to stable from negative.

The agency also said it affirmed all of its ratings, including its B- corporate credit rating.

The outlook revision reflects an expectation that adequate liquidity, higher landfill volumes, improvements in operational weaknesses and potential for divestiture proceeds will allow for better operating results and credit measures during the next year, said James Siahaan, an S&P analyst.

Still, the agency said it recognizes that Casella's debt leverage is likely to remain very high.

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