S&P lowers PS Holdco

S&P said it lowered PS Holdco LLC’s ratings to B from B+.

The outlook is negative.

“We currently anticipate PS Holdco LLC's revenues and cash flow to be weaker than previously expected, driven by an economic slowdown in the company's end markets,” the agency said in a news release.

S&P also lowered the issue-level rating on the company's term loan to B from B+.

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