S&P revises EnTrans view to negative

S&P said it changed the outlook for EnTrans International LLC to negative from stable.

“The negative outlook reflects weaker-than-expected revenue and earnings this year, driven by weakness in its oil and gas equipment segment. In addition, free operating cash flow has been lower than expected due to increased working capital requirements so far this year,” said S&P in a press release.

The agency affirmed the B ratings on EnTrans and its $255 million term loan.

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