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S&P changes Henry outlook to stable
Standard & Poor's said it affirmed its B corporate credit rating on Henry Co. LLC and revised its outlook to stable from negative.
"The stable rating outlook on Henry Co. LLC reflects our expectation that the company's liquidity will remain adequate and that its covenant cushion will be more than 15% for the next year. Our forecast indicates debt to EBITDA of 5.7x and FFO to debt of less than 12% at the end of 2015," S&P credit analyst Pablo Garces said in a news release.
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