S&P lowers Weight Watchers view to negative

Standard & Poor's said it affirmed its BB corporate credit rating on Weight Watchers International Inc. The agency said it revised the outlook to negative from stable.

The agency said it also affirmed the BB+ senior secured issue-level rating on the company's existing secured debt.

The recovery rating on the company's secured debt remains 2; however, the agency said it does recognize the lowered recovery prospects given the incremental debt and believes recovery prospects are now at the low end of this range.

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