S&P puts US Ecology on watch

S&P said it placed all of its ratings on US Ecology Inc. on CreditWatch with negative implications.

US Ecology has entered into an agreement to merge with NRC Group Holdings Corp. The pro forma company is expected to refinance NRC's existing debt as part of the merger.

“The CreditWatch negative placement reflects the merger agreement between US Ecology and NRC Group Holdings Corp. and the refinancing of NRC's outstanding debt,” S&P said in a news release.

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