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S&P cuts Dynamic Precision
S&P said it lowered its issuer credit rating on Dynamic Precision Group Inc. to CCC+ from B- and revised the outlook to developing.
At the same time, the agency lowered the rating on the company’s revolver and term loan to CCC+ from B-. The recovery rating remains 3.
“Dynamic Precision Group Inc.'s (DPG's) revolver and term loan are maturing in December 2020, and we question the company’s ability to refinance or extend the maturities given the current market turmoil as a result of the coronavirus outbreak,” S&P said in a news release.
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