S&P affirms Evoqua Water

S&P said it assigned a B issuer credit rating to Evoqua Water Technologies Corp., the parent of EWT Holdings III Corp.

At the same time, S&P said it affirmed the B issuer credit rating on EWT Holdings III and the B issue-level rating on the company's first-lien credit facilities.

The outlook is stable.

“Our B ratings on Evoqua and EWT (together, Evoqua) reflect our forecast for a modest improvement in operating performance and financial leverage over the next 12-18 months driven by the company's outsourced water offering and the benefits of its organizational realignment,” S&P said in a news release.

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